RTX Corporation

Raytheon Technologies Corporation (now RTX Corporation) is a major American multinational conglomerate specializing in aerospace and defense. Headquartered in Arlington, Virginia, the company was formed in 2020 through the merger of Raytheon Company and United Technologies Corporation. In 2023, it officially rebranded itself as RTX. As of 2024, RTX employs approximately 186,000 people globally and is ranked #79 on the Forbes Global 2000 list. It is one of the world's largest defense contractors and aerospace systems manufacturers.

📊 Key Financial Highlights (2024)

• Revenue: $74.3 billion (up 11% from 2023)

• GAAP Net Income: $2.23 billion

• Adjusted Net Income: $5.06 billion

• Adjusted EPS: $5.06

• Operating Cash Flow: $7.9 billion

• Free Cash Flow: $5.5 billion

• Backlog: $196 billion (including $118 billion in commercial and $78 billion in defense orders)
  (Source)

🔧 Main Business Segments

RTX is divided into three core business units:

1. Pratt & Whitney

   • Focus: Commercial and military aircraft engines

   • 2024 Q4 Revenue: $7.57 billion (18% YoY growth)
     (Source)

2. Collins Aerospace

   • Focus: Avionics, aerostructures, space systems

   • Achieved 18% growth in operating profit in Q4 2024
     (Source)

3. Raytheon (Missiles & Defense)

   • Focus: Missile systems, air defense, satellites, and surveillance technologies

   • Q4 2024 Revenue: $7.16 billion (36% increase in operating profit)
     (Source)

📈 2025 Outlook

• Revenue Forecast: $83–84 billion (4–6% expected growth)

• Backlog Forecast: Over $200 billion

  • $125 billion from commercial aviation

  • $93 billion from defense systems

• High demand expected for Patriot missile systems and Coyote drones
  (Source)

⚖️ Legal Issues

In August 2024, RTX faced a $200 million fine for violations of international arms export laws, particularly related to restricted transfers of data and products to countries like China.
Additionally, it set aside $1.24 billion for multiple ongoing government investigations, including a $364 million settlement related to alleged bribery involving Qatar’s royal family.
(Source)