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 to $20.089 billion, up from $13.464 billion in the same quarter last year, with product sales rising to $14.708 billion from $8.615 billion, indicating strong demand for RTX's offerings.
Operating profit improved to $2.028 billion from a loss of $1.396 billion year-over-year, despite a rise in total costs and expenses to $18.195 billion from $14.863 billion, suggesting improved operational efficiency or pricing power.
Net income attributable to common shareowners was $1.472 billion, a significant turnaround from a loss of $0.984 billion in the same quarter last year, indicating a substantial improvement in profitability.