Company Overview
RTX Corporation stands as one of the world's premier aerospace and defense conglomerates, operating through three industry-leading business segments: Collins Aerospace, Pratt & Whitney, and Raytheon. Formed through the transformative April 2020 merger of equals between United Technologies Corporation and Raytheon Company, the combined entity represents over a century of aerospace innovation and defense excellence. The company renamed from Raytheon Technologies Corporation to RTX in July 2023, reflecting its evolution as a unified global powerhouse.
With approximately 185,000 employees worldwide and annual sales exceeding $80 billion, RTX serves commercial, military, and business aviation customers across the globe. The company's diverse portfolio spans aircraft engines, avionics, aerostructures, cybersecurity solutions, guided missiles, air defense systems, satellites, and unmanned aerial systems. Roughly two-thirds of revenue derives from commercial aerospace, with the remainder from defense products and services, providing balanced exposure across both sectors.
RTX maintains a commanding backlog of $218 billion, including $125 billion in commercial contracts and $93 billion in defense programs. The company's products power some of the world's most advanced aircraft, including the F-35 Lightning II fighter jet and commercial airliners from Boeing and Airbus. Through continuous innovation and strategic consolidation following the merger, RTX has positioned itself as the second-largest aerospace and defense company globally by sales, trailing only Boeing.
Headquartered in Arlington, Virginia, RTX invests heavily in research and development, allocating over $6 billion annually to maintain technological leadership. The company's mission centers on delivering innovative technology and sustainable solutions for a safer, more connected world. With decades of heritage spanning Raytheon's founding in 1922 and United Technologies' roots in 1929, RTX combines proven legacy with forward-looking innovation to address today's mission-critical challenges while staying ahead of tomorrow's threats.
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RTX Corporation is recognized as a market leader in the Manufacturing sector, demonstrating strong industry presence and customer trust.
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