Company Overview
About RTX Corporation
RTX Corporation is an Arlington, Virginia-based global aerospace and defense technology company — publicly traded on the New York Stock Exchange (NYSE: RTX) as an S&P 500 and Dow Jones Industrial Average component — operating as the world's second-largest aerospace and defense company by sales through three business segments: Collins Aerospace (avionics, aerostructures, and aerospace systems), Pratt & Whitney (commercial and military jet engines), and Raytheon (defense systems including missiles, air defense, and cybersecurity). RTX was formed through the April 2020 merger of United Technologies Corporation (founded 1929) and Raytheon Company (founded 1922), and renamed from Raytheon Technologies to RTX in July 2023. In fiscal year 2024, RTX reported sales of $80.7 billion (+9% year-over-year), adjusted EPS of $5.73 (+13%), and free cash flow of $6.6 billion. RTX provided 2025 guidance of $83-84 billion in sales and $6.00-$6.15 adjusted EPS, reflecting 4-6% organic growth. The company employs approximately 185,000 people worldwide and maintains a combined $218 billion backlog ($125 billion commercial, $93 billion defense).
Business Model & Competitive Advantage
RTX's aerospace and defense portfolio addresses the full spectrum of aviation and national security system requirements: Pratt & Whitney's GTF (Geared Turbofan) engine powers the Airbus A220 and A320neo family — the bestselling narrowbody aircraft in commercial aviation history — with 16 airlines operating 1,800+ GTF-powered aircraft globally, providing 20% fuel burn improvement over previous-generation engines. Raytheon's Patriot missile defense system (deployed in 18 countries), StormBreaker smart weapon, and LTAMDS radar represent the precision defense systems that NATO allies are rapidly procuring in response to the European security environment post-2022. Collins Aerospace's avionics and cabin systems are installed on 75% of global commercial aircraft. The $218B backlog (representing approximately 2.5 years of revenue) provides revenue visibility uncommon in industrial companies and reflects multi-year defense program awards and commercial aircraft aftermarket service agreements.
Competitive Landscape 2025–2026
In 2025, RTX competes in the global aerospace, commercial aviation, and defense technology market with Lockheed Martin (NYSE: LMT, $71B revenue, F-35/missiles focus), Northrop Grumman (NYSE: NOC, $41B revenue, space and B-21 bombers), and Boeing Defense (NYSE: BA, B-52 modernization and rotorcraft) for US and allied defense program awards, commercial jet engine fleet expansion, and next-generation aerospace system development. The Pratt & Whitney GTF powder metal engine disk inspection program (a 2023-identified manufacturing defect requiring accelerated engine removals from 1,000+ aircraft) represents a near-term cost headwind (estimated $7B+ remediation cost) that the 2025 guidance absorbs while maintaining growth trajectory. The 2025 strategy focuses on executing GTF engine inspections and returns, growing Raytheon air defense international sales (Patriot, NASAMS) driven by NATO defense spending increases, and advancing the next-generation defense programs in hypersonics and directed energy.
The RTX Corporation Story
Founders
Company Timeline
Major milestones in RTX Corporation's journey
Leadership Team
Meet the leaders behind RTX Corporation
Christopher T. Calio
Christopher Calio became CEO in May 2024 and Chairman in February 2025, leading over 185,000 employees generating $80+ billion in annual sales. Previously served as President and CEO, and before that as President of Pratt & Whitney, where he led the aircraft engine division. Calio was instrumental in integrating Raytheon and United Technologies following their 2020 merger.
Gregory J. Hayes
Gregory Hayes served as Chairman and CEO of RTX from 2020 through May 2024, leading the company through the transformative Raytheon-UTC merger. Had a 21-year career at United Technologies, serving as CEO from 2014 and Chairman from 2016. Transitioned to Special Advisor to the CEO through January 2026 after stepping down from the board in April 2025.
Toby O'Brien
Toby O'Brien serves as CFO, overseeing financial operations for the $80+ billion aerospace and defense enterprise. Played a key role in the Raytheon-UTC merger integration and manages financial strategy across Collins Aerospace, Pratt & Whitney, and Raytheon divisions.
Open Positions
Reddit Discussions
Key Differentiators
Market Leader
RTX Corporation is recognized as a market leader in the Manufacturing sector, demonstrating strong industry presence and customer trust.
Enterprise Scale
With $80700M in revenue, RTX Corporation operates at enterprise scale with proven market validation.
Frequently Asked Questions
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