RTX Corporation is an aerospace and defense company providing advanced systems and services to commercial, military, and government customers worldwide. RTX serves commercial and government customers in both the original equipment and aftermarket parts and services segments of the aerospace industry. The company's defense business serves both domestic and international customers as a prime contractor or subcontractor on a broad portfolio of defense and related programs for military and government customers.

RTX operates through three principal business segments:

• Collins Aerospace: Provides technologically advanced aerospace and defense products and aftermarket service solutions for various customers including civil and military aircraft manufacturers and commercial airlines.
• Pratt & Whitney: Supplies aircraft engines for commercial, military, business jet, and general aviation customers, also provides fleet management services and aftermarket maintenance, repair, and overhaul services.
• Raytheon: Offers defensive and offensive threat detection, tracking and mitigation capabilities for U.S. and foreign government and commercial customers.

RTX's largest commercial customers are Boeing and Airbus.

• Employees: 185,000 (as of December 31, 2023)
• Geographic Footprint: Operates in 51 countries with facilities in approximately 30 countries.
• Headquarters: Arlington, Virginia
• Founded: 1934
• Number of locations/facilities: Approximately 230 manufacturing, production or overhaul facilities.
• Revenue: $68.92 billion (FY2023)
• Key Subsidiaries/Brands: Collins Aerospace, Pratt & Whitney, Raytheon

• CEO & Chairman: Gregory J. Hayes
• President & COO: Christopher T. Calio
• CFO: Neil G. Mitchill, Jr.
• Other Key Executives: Kevin G. DaSilva (Corporate Vice President, Treasurer), Shane G. Eddy (President, Pratt & Whitney), Philip J. Jasper (President, Raytheon), Amy L. Johnson (Corporate Vice President, Controller), Ramsaran Maharajh, Jr. (Executive Vice President and General Counsel), Stephen J. Timm (President, Collins Aerospace), Dantaya M. Williams (Executive Vice President & Chief Human Resources Officer)

• Annual Revenue: $68.92 billion (FY2023)
• Net Income: $3.195 billion (FY2023)
• Total Assets: $161.869 billion (FY2023)
• Key Financial Highlights (FY2023):
  • Organic sales growth of $7.3 billion
  • Net sales charge of $5.4 billion related to the Powder Metal Matter at Pratt & Whitney
  • Operating cash flow from continuing operations of $7.883 billion

RTX offers a diverse range of products and services through its three business segments:

• Collins Aerospace:
  • Electric power generation, management, and distribution systems
  • Environmental and flight control systems
  • Engine control systems and components
  • Interior and exterior lighting, aircraft cargo and evacuation systems
  • Landing systems
  • Communication, navigation, and surveillance systems
  • Integrated avionics and propeller systems
  • Cabin interiors (seating, oxygen systems, galley systems, lavatories)
  • Connected aviation solutions and services
• Pratt & Whitney:
  • Aircraft engines for commercial, military, business jet, and general aviation customers
  • Military and commercial auxiliary power units
  • Fleet management services
  • Aftermarket maintenance, repair, and overhaul services
• Raytheon:
  • Integrated air and missile defense systems
  • Smart weapons and missiles
  • Advanced sensors and radars
  • Interceptors and space-based systems
  • Hypersonics and missile defense technologies

RTX operates through three reportable segments: Collins Aerospace, Pratt & Whitney, and Raytheon.

• Collins Aerospace: Net Sales $26.253 billion, Operating Profit $3.825 billion (FY2023)
• Pratt & Whitney: Net Sales $18.296 billion, Operating Loss $(1.455) billion (FY2023)
• Raytheon: Net Sales $26.35 billion, Operating Profit $2.379 billion (FY2023)

Effective July 1, 2023, RTX realigned its business segments from four to three, impacting segment reporting. Prior periods have been recast to reflect the current structure.

RTX's current strategic priorities include:

• Investing in research and development to enhance existing products and services and develop future technologies.
• Focusing on operational excellence through the CORE operating system.
• Implementing cost reduction initiatives, including facility consolidation and advanced manufacturing capabilities.
• Pursuing strategic acquisitions and divestitures to complement existing offerings and expand into new markets.
• Investing in digital transformation to modernize operations and reduce costs.

RTX operates in the highly competitive aerospace and defense industry. Key competitors vary by segment and product/service offering. The industry is subject to economic cycles, government budgets and spending levels, technological advancements, and regulatory changes.

• Global economic and political instability: Impacts demand, supply chains, and financial markets.
• U.S. government defense spending changes: Affects a significant portion of RTX's revenue.
• Supply chain disruptions: Lead to delays and increased costs.
• Cybersecurity threats: Pose risks to operations and data security.
• Powder Metal Matter at Pratt & Whitney: Requires accelerated inspections and engine removals, impacting financial performance and reputation.