Raytheon Technologies Corporation (NYSE: RTX)
Aerospace & Defense · Arlington, VA, United States · Founded 1922
- Market capitalization: $160.0 billion
- Annual revenue: $80.74 billion
- Net income: $6.73 billion
- Employees: 185,000
- Sector: Industrials
- Headquarters: Arlington, United States
- Founded: 1922
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RTX (formerly Raytheon Technologies) is the world's largest aerospace and defense company by revenue at about $69 billion. It was formed from the 2020 merger of Raytheon and United Technologies' aerospace businesses (Pratt & Whitney, Collins Aerospace). The company makes everything from Patriot missile systems to Pratt & Whitney jet engines to avionics and sensors. RTX is a critical supplier to both commercial aviation and global defense.
Three segments: Collins Aerospace (avionics, interiors, mechanical systems), Pratt & Whitney (jet engines — military and commercial), and Raytheon (missiles, defense electronics, cybersecurity). Commercial aerospace aftermarket and defense contracts provide two distinct revenue streams with different cycles. The Pratt & Whitney GTF engine powers the Airbus A320neo family.
United Technologies and Raytheon merged in April 2020, simultaneously spinning off Otis Elevator and Carrier. Raytheon's history goes back to 1922; United Technologies traces to Pratt & Whitney's founding in 1925. The GTF engine's powder metal contamination issue, disclosed in 2023, required hundreds of engine inspections and removals, costing billions. CEO Chris Calio took over in 2024.
| Market Capitalization | $160.0B |
| Annual Revenue | $80.74B |
| Net Income | $6.73B |
| Profit Margin | 8% |
| Revenue per Employee | $436432K |
| Stock Exchange | NYSE |
| Ticker Symbol | RTX |
Financial data is approximate and based on most recent annual filings.
The Patriot missile system, made by RTX, became globally famous during the Gulf War and has seen surging demand due to the Ukraine conflict. The GTF engine contamination issue will require inspecting and potentially replacing parts in roughly 3,000 engines through 2026 — a massive operational and financial headwind. Pratt & Whitney's engines have accumulated over 1 billion flight hours.
The GTF engine issue is a near-term drag, but the defense backlog and commercial aerospace recovery provide strong tailwinds. RTX is too big and too important to both the Pentagon and airlines to fail — the question is how quickly the engine problems get resolved.
What is Raytheon Technologies Corporation's revenue?
Raytheon Technologies Corporation generates approximately $80.74 billion in annual revenue.
How many employees does Raytheon Technologies Corporation have?
Raytheon Technologies Corporation employs approximately 185,000 people worldwide.
What is Raytheon Technologies Corporation's market cap?
Raytheon Technologies Corporation (RTX) has a market capitalization of approximately $160.0 billion on the NYSE.
When was Raytheon Technologies Corporation founded?
Raytheon Technologies Corporation was founded in 1922 and is headquartered in Arlington, VA, United States.
Who is the CEO of Raytheon Technologies Corporation?
Chris Calio is the current CEO of Raytheon Technologies Corporation.
What is Raytheon Technologies Corporation's website?
Raytheon Technologies Corporation's official website is rtx.com.
| CEO | Chris Calio |
| Sector | Industrials |
| Industry | Aerospace & Defense |
| Founded | 1922 |
| HQ | Arlington, VA |
| Country | United States |
| Website | rtx.com |
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