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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 | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 185,000 (2023) |
Subsidiaries | |
Website | rtx |
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 also a large military contractor, getting a significant portion of its revenue from the U.S. government.[9][10]
The company is the result of the merger of equals between the aerospace subsidiaries of United Technologies Corporation (UTC) and the Raytheon Company, which was completed on April 3, 2020. 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]
The company, which changed its name to RTX in July 2023, has three subsidiaries: Collins Aerospace, Pratt & Whitney, and Raytheon (formerly Raytheon Intelligence & Space and Raytheon Missiles & Defense).[3]
I also know that about 10 percent of our revenue comes from the U.S. government," [United Technologies chief executive Greg Hayes] said.
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