Sector: Industrials|Industry: Aerospace & Defense|Market Cap: $156.73B|Employees: 185K
RTX Corporation is a leading aerospace and defense company that provides advanced systems and services for commercial, military, and government customers worldwide. Its primary revenue streams are from the sale of advanced aerospace and defense products and aftermarket services. RTX holds a strong market position due to its technological leadership and global reach, serving key markets in both commercial and government sectors across various geographic regions.
Total net sales increased by 7.7% year-over-year, with product sales up 8.6% and services sales up 5.2%. However, operating profit decreased by 64.5% year-over-year, indicating margin pressure.
Net income attributable to common shareowners decreased by 91.6% year-over-year, primarily due to a significant increase in non-operating expenses, including a $918 million charge related to the Expected Resolution of Certain Legal Matters.
Net cash flows provided by operating activities decreased from $(144) million to $3,075 million year over year, primarily due to a $0.9 billion charge related to the Expected Resolution of Certain Legal Matters.