RTX Corporation
| RTX | |
| Formerly | Raytheon Technologies Corporation (2020–2023) |
| Company type | Public |
| ISIN | US75513E1010 |
| Industry |
|
| Predecessors |
|
| Founded | April 3, 2020 |
| Founders | Vannevar Bush Laurence K. Marshall Charles G. Smith (as American Appliance Company, later Raytheon in 1922) Frederick Rentschler (as United Technologies in 1934) |
| Headquarters | Arlington, Virginia, U.S. |
Area served | Worldwide |
Key people | Christopher T. Calio (CEO) Gregory J. Hayes (chairman) |
| Revenue | US$80.74 billion (2024) |
| US$6.538 billion (2024) | |
| US$4.774 billion (2024) | |
| Total assets | US$162.9 billion (2024) |
| Total equity | US$60.16 billion (2024) |
Number of employees | 186,000 (2024) |
| Subsidiaries |
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| Website | rtx.com |
| Footnotes / references [1][2] | |
RTX Corporation, formerly Raytheon Technologies Corporation,[3][4] is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia. It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization, as well as one of the largest providers of intelligence services.[note 1][7] In 2023, the company's seat in Forbes Global 2000 was 79.[8] RTX manufactures aircraft engines, avionics, aerostructures, cybersecurity solutions, guided missiles, air defense systems, satellites, and drones. The company is a large military contractor, getting much of its revenue from the U.S. government.[9][10]
The company was formed in 2020 by a merger of equals between the aerospace subsidiaries of United Technologies Corporation (UTC) and the Raytheon Company. Before the merger, UTC spun off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation. The merged company adopted the better-known name of Raytheon in the form Raytheon Technologies Corporation and transferred headquarters to Waltham, Massachusetts.[2][11] Former UTC CEO and chairman Gregory J. Hayes is chairman and CEO of the combined company,[12] which renamed Raytheon Technologies Corporation to RTX in July 2023.[3]
The company has three units: Collins Aerospace, Pratt & Whitney and Raytheon.
- ^ "Raytheon Technologies Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 3, 2025.
- ^ a b "United Technologies and Raytheon Complete Merger of Equals Transaction". www.rtx.com (Press release). Raytheon Technologies. April 3, 2020. Retrieved April 3, 2020.
- ^ a b Moore-Carrillo, Jaime (June 20, 2023). "Raytheon rebrands as RTX". DefenseNews.com. Defense News. Retrieved June 21, 2023.
- ^ "Amendments to Articles of Incorporation or Bylaws". RTX Investors. July 17, 2023.
- ^ "BREAKING: Arlington scores another major corporate headquarters". June 7, 2022. Retrieved June 7, 2022.
- ^ Maffei, Lucia (July 26, 2022). "Raytheon Has Quietly Completed Its Headquarters Move". NBC Boston. Retrieved September 6, 2022.
- ^ "Raytheon 2018 Annual Report, p122". Raytheon.
- ^ "The Global 2000 2023". Forbes. Archived from the original on January 29, 2024. Retrieved February 7, 2024.
- ^ Ehrenfreund, Max (December 5, 2016). "CEO: United Tech. considered federal contracts in decision to keep Indiana jobs in deal with Trump". The Washington Post. Retrieved January 2, 2016.
I also know that about 10 percent of our revenue comes from the U.S. government," [United Technologies chief executive Greg Hayes] said.
- ^ "CorpWatch : United Technologies". Archived from the original on July 4, 2015. Retrieved July 3, 2015.
- ^ Kilgore, Tomi (April 4, 2020). "Raytheon Technologies' stock, formerly United Technologies, starts trading in". MarketWatch.
- ^ Raytheon Technologies. "Gregory J. Hayes".
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