RTX Corporation

RTX Corporation
RTX
FormerlyRaytheon Technologies Corporation (2020–2023)
Company typePublic
ISINUS75513E1010
Industry
Predecessors
FoundedApril 3, 2020; 4 years ago (April 3, 2020)
FoundersVannevar Bush
Laurence K. Marshall
Charles G. Smith (as American Appliance Company, later Raytheon in 1922)
Frederick Rentschler (as United Technologies in 1934)
HeadquartersArlington, Virginia, U.S.
Area served
Worldwide
Key people
Christopher T. Calio (CEO)
Gregory J. Hayes (chairman)
RevenueIncrease US$68.92 billion (2023)
Decrease US$3.56 billion (2023)
Decrease US$3.20 billion (2023)
Total assetsIncrease US$161.9 billion (2023)
Total equityDecrease US$59.80 billion (2023)
Number of employees
185,000 (2023)
Subsidiaries
Websitertx.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. UTC is the nominal survivor of the merger but it changed its name to Raytheon Technologies and moved its headquarters to Waltham, Massachusetts.[2][11] Former UTC CEO and chairman Gregory J. Hayes is chairman and CEO of the combined company,[12] which changed its name to RTX in July 2023.

The company has three subsidiaries: Collins Aerospace, Pratt & Whitney, and Raytheon (formerly Raytheon Intelligence & Space and Raytheon Missiles & Defense).[3]

  1. ^ "Raytheon Technologies Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 5, 2024.
  2. ^ 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.
  3. ^ a b Moore-Carrillo, Jaime (June 20, 2023). "Raytheon rebrands as RTX". DefenseNews.com. Defense News. Retrieved June 21, 2023.
  4. ^ "Amendments to Articles of Incorporation or Bylaws". RTX Investors. July 17, 2023.
  5. ^ "BREAKING: Arlington scores another major corporate headquarters". June 7, 2022. Retrieved June 7, 2022.
  6. ^ Maffei, Lucia (July 26, 2022). "Raytheon Has Quietly Completed Its Headquarters Move". NBC Boston. Retrieved September 6, 2022.
  7. ^ "Raytheon 2018 Annual Report, p122". Raytheon.
  8. ^ "The Global 2000 2023". Forbes. Archived from the original on January 29, 2024. Retrieved February 7, 2024.
  9. ^ 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.
  10. ^ "CorpWatch : United Technologies". Archived from the original on July 4, 2015. Retrieved July 3, 2015.
  11. ^ Kilgore, Tomi (April 4, 2020). "Raytheon Technologies' stock, formerly United Technologies, starts trading in". MarketWatch.
  12. ^ Raytheon Technologies. "Gregory J. Hayes".


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