RTX Corporation

RTX Corporation
RTX
FormerlyRaytheon Technologies Corporation (2020–2023)
Company typePublic
ISINUS75513E1010
Industry
Predecessors
FoundedApril 3, 2020 (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)
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
Websitertx.com
Footnotes / references

RTX Corporation, formerly Raytheon Technologies Corporation, 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. In 2023, the company's seat in Forbes Global 2000 was 79. 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.

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. Former UTC CEO and chairman Gregory J. Hayes is chairman and CEO of the combined company, which renamed Raytheon Technologies Corporation to RTX in July 2023.

The company has three units: Collins Aerospace, Pratt & Whitney and Raytheon.