About the Company
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 also a large military contractor, getting a significant portion of its revenue from the U.S. government.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. Former UTC CEO and chairman Gregory J. Hayes is chairman and CEO of the combined company.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).
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Latest $RTX News
RTX Beats Q1 2024 Earnings and Revenue Forecasts
These results underscore RTX's ability to sustain growth momentum in challenging market conditions. RTX Corporation -- ...
RTX Secures $344 Mln Contract For The Development Of Two Missile Variants
RTX Corp. (RTX) announced that it secured a $344 million contract for the development of two missile variants: the SM-2 ...
RTX Corporation Just Recorded A 38% EPS Beat: Here's What Analysts Are Forecasting Next
RTX Corporation just released its quarterly report and things are looking bullish. The company beat forecasts, with revenue of US$19b, some 4.9% above estimates, and statutory ear ...
Ukraine, Israel Bill to Bolster Lockheed, RTX Profits
WASHINGTON (Reuters) - Lockheed Martin Corp and RTX Corp, fresh off a surge of orders in response to Russian aggression ...
RTX Profit Tops Estimates on Lift From Air-Travel Rebound
RTX Corp.’s profit beat Wall Street estimates as the aerospace and defense giant works through the costly recall of its ...
Raytheon Technologies Corporation (NYSE:RTX) Q1 2024 Earnings Call Transcript
Q1 2024 Earnings Call April 23, 2024 Raytheon Technologies Corporation misses on earnings expectations. Reported EPS is $ EPS ...
Even With Big Gains, I'm Still Convinced RTX Is One Of The Best Dividend Stocks On The Market
RTX Corp. has seen a big increase in its stock price and has become a core holding in family portfolios. Find out why RTX ...
RTX Soars Above Estimates in Q1, Reiterates FY24 Outlook
RTX Corporation (NYSE:RTX) reported a first-quarter FY24 adjusted net sales increase of 12% Y/Y to $19.3 billion, beating the ...
Heightened defense-equipment orders boost RTX's first-quarter profit
A surge in military weaponry orders — particularly those involving NATO, Germany and Ukraine — lifted RTX Corp. to a 20% jump ...
RTX Earnings Buoyed by Aerospace Giant's Record Orders
RTX's order backlog rose to a record $202 billion, as the aerospace and defense company booked European orders for missiles and air-defense systems, and airlines boosted purchases of spare parts. The ...
RTX Q1 earnings beat Street estimates
RTX reported its financial results for the first quarter on Tuesday. Here's what its COO Chris Calio said in a press release ...
RTX Corp (RTX) Q1 2024 Earnings: Surpasses Analyst Revenue Forecasts with Strong Sales Growth
Warning! GuruFocus has detected 11 Warning Signs with RTX. On April 23, 2024, RTX Corp (NYSE:RTX) disclosed its financial ...
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