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RTX Corporation

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RTX Corporation
RTX
FormerlyRaytheon Technologies Corporation (2020–2023)
Company typePublic
ISINUS75513E1010
Industry
Predecessors
FoundedApril 3, 2020;4 years ago(April 3, 2020)
FoundersVannevar Bush
Laurence K. Marshall
Charles G. Smith (asAmerican Appliance Company,laterRaytheonin 1922)
Frederick Rentschler(asUnited Technologiesin 1934)
HeadquartersArlington, Virginia,U.S.
Area served
Worldwide
Key people
Christopher T. Calio
(CEO)
Gregory J. Hayes
(Chairman)
RevenueIncreaseUS$68.92 billion(2023)
DecreaseUS$3.56 billion(2023)
DecreaseUS$3.20 billion(2023)
Total assetsIncreaseUS$161.9 billion (2023)
Total equityDecreaseUS$59.80 billion (2023)
Number of employees
185,000 (2023)
Subsidiaries
Websitertx.com
Footnotes / references
[1][2]

RTX Corporation,formerlyRaytheon Technologies Corporation,[3][4]is an Americanmultinationalaerospaceanddefenseconglomerateheadquartered inArlington, Virginia.It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization, as well as one of the largest providers of intelligence services.[note 1][7]In 2023, the company's seat inForbes Global 2000was 79.[8]RTX manufacturesaircraft engines,avionics,aerostructures,cybersecuritysolutions,guided missiles,air defense systems,satellites,anddrones.The company is also a large military contractor, getting a significant portion of its revenue from the U.S. government.[9][10]

The company is the result of the merger of equals between the aerospace subsidiaries ofUnited Technologies Corporation(UTC) and theRaytheon Company,which was completed on April 3, 2020. Before the merger, UTCspun offits non-aerospace subsidiariesOtis Elevator CompanyandCarrier Corporation.UTC is the nominal survivor of the merger but it changed its name to Raytheon Technologies and moved its headquarters to Waltham, Massachusetts.[2][11]Former UTC CEO and chairmanGregory J. Hayesis chairman and CEO of the combined company.[12]

The company, which changed its name to RTX in July 2023, has three subsidiaries:Collins Aerospace,Pratt & Whitney,andRaytheon(formerlyRaytheon Intelligence & SpaceandRaytheon Missiles & Defense).[3]

History

[edit]

Raytheon

[edit]
Main article:Raytheon Company

The Raytheon Company was founded in 1922 inCambridge, Massachusetts,by Laurence K. Marshall,Vannevar Bush,and Charles G. Smith as theAmerican Appliance Company.[13]Its focus, which was originally on newrefrigerationtechnology, soon shifted toelectronics.The company's first product was a gaseous (helium)rectifierthat was based on Charles Smith's earlierastronomicalresearch of the starZeta Puppis.[14]The electron tube was christened with the nameRaytheon( "light of/from the gods"[15]) and was used in abattery eliminator,a type ofradio-receiverpower supplythat plugged into thepower gridin place of largebatteries.This made it possible to convert householdalternating currenttodirect currentfor radios and thus eliminate the need for expensive, short-lived batteries.

In 1925, the company changed its name to Raytheon Manufacturing Company and began marketing its rectifier under the Raytheon brand name, with commercial success. In 1928, Raytheon merged with Q.R.S. Company, an American manufacturer of electron tubes and switches, to form the successor of the same name, Raytheon Manufacturing Company.[citation needed]By the 1930s, it had already grown to become one of the world's largest vacuum tube manufacturing companies.[citation needed]In 1933 it diversified by acquiring Acme-Delta Company, a producer oftransformers,power equipment, and electronicauto parts.

During World War II, Raytheon mass-manufacturedmagnetrontubes for use inmicrowave radarsets and then completeradar systems.At war's end in 1945, the company was responsible for about 80 percent of all magnetrons manufactured. During the war, Raytheon also pioneered the production of shipboard radar systems, particularly for submarine detection. Raytheon ranked 71st among United States corporations in the value of World War II military production contracts.[16]In 1945, Raytheon'sPercy Spencerinvented themicrowave ovenby discovering that the magnetron could rapidly heat food. In 1947, the company demonstrated the Radarange microwave oven for commercial use.

After the war, Raytheon developed the firstguidance systemfor a missile that could intercept a flying target. In 1948, Raytheon began to manufactureguided missiles,including theSAM-N-2 Lark,and eventually the air-to-airAIM-7 Sparrow,and the ground-to-airMIM-23 Hawkmissiles. In 1959, Raytheon acquired the marine electronics company Apelco Applied Electronics, which significantly increased its strength in commercial marine navigation and radio gear, and changed its name to Raytheon Company.

During the post-war years, Raytheon also made generally low- to medium-powered radio and televisiontransmittersand related equipment for the commercial market. In the 1950s, Raytheon began manufacturingtransistors,including theCK722,priced for and marketed to hobbyists. Under the direction ofThomas L. Phillipsin 1965, it acquiredAmana Refrigeration,Inc., a manufacturer ofrefrigeratorsandair conditioners.Using the Amana brand name and its distribution channels, Raytheon began selling the first countertop householdmicrowave ovenin 1967 and became a dominant manufacturer in the microwave oven business.

In 1991, during thePersian Gulf War,Raytheon'sPatriot missilereceived great international exposure. It was credited for downing IraqiScud missiles.[17]The exposure resulted in a substantial increase in sales for the company outside the United States. By 2006, Raytheon reported $283.9 million in global revenues for its Patriot missile system.[17]

In an effort to establish leadership in the defense electronics business, Raytheon purchased in quick succession Dallas-basedE-Systems(1995);Chrysler Corporation's defense electronics and aircraft-modification businesses, and the defense unit ofTexas Instruments,Defense Systems & Electronics Group(1997).[18]The businesses were purchased for $2.3 billion and $2.95 billion, respectively.[18]Also in 1997, Raytheon acquired the aerospace and defense business ofHughes Aircraft CompanyfromHughes Electronics Corporation,a subsidiary ofGeneral Motors,which included a number of product lines previously purchased by Hughes Electronics, including the formerGeneral Dynamicsmissilebusiness (Pomona facility), the defense portion ofDelco Electronics(Delco Systems Operations), andMagnavox Electronic Systems.[19]Raytheon also divested itself of several nondefense businesses in the 1990s, includingAmana Refrigerationand Seismograph Service Ltd (sold toSchlumberger-Geco-Prakla).

In November 2007, Raytheon purchased robotics companySarcos,[20]and in October 2009, Raytheon acquiredBBN Technologies.[21][22]In December 2010,Applied Signal Technologyagreed to be acquired by Raytheon for $490 million.[23]

In October 2014, Raytheon beat rivalsLockheed MartinandNorthrop Grummanfor a contract to build 3DELRR, a next-generation long-range radar system, for theUS Air Forceworth an estimated $1 billion.[24]The contract award involved the construction of next-generation radar that can track aircraft, missiles, and remotely piloted aircraft.[25]It was immediately protested by Raytheon's competitors. After re-evaluating the bids following the protests,[26]theUS Air Forcedecided to delay awarding the 3DELRR EMD contract until 2017 and was to issue an amended solicitation at the end of July 2016.[27]In 2017 the Air Force again awarded the contract to Raytheon.[28]

In May 2015, Raytheon acquired cybersecurity firm Websense, Inc. from Vista Equity Partners for $1.9 billion[29]and combined it with RCP, formerly part of its IIS segment to form Raytheon|Websense.[30]In October 2015, Raytheon|Websense acquired Foreground Security, a provider of security operations centers, managed security service solutions[buzzword]and cybersecurity professional services,[31]for $62 million.[32]In January 2016, Raytheon|Websense acquired the firewall provider Stonesoft fromIntelSecurity for an undisclosed amount and renamed itself to Forcepoint.[33]

In July 2016,Poland'sDefence MinisterAntoni Macierewiczplanned to sign a letter of intent with Raytheon for a $5.6 billion deal to upgrade its Patriot missile-defence shield,[34][35]and in 2017,Saudi Arabia signed business dealsworth billions of dollars with multiple American companies, including Raytheon.[36][37]

In February 2020, Raytheon completed the first radar antenna array for the US Army's new missile defense radar, known as the Lower Tier Air and Missile Defense Sensor (LTAMDS), to replace the service's Patriot air and missile defense system sensor.[38]

In February 2024,Pratt & Whitneyexpanded Singapore's Eagle Services Asia engine center, and this year the GTF will increase by two-thirds.[39]In the same month, the unit was awarded a $355 million maintenance contract forF-15andF-16engines.[40]

United Technologies Corporation

[edit]
Main article:United Technologies

In 1929,William Boeing'sBoeing Airplane & Transport Corporationteamed up withFrederick Rentschler'sPratt & Whitneyto form theUnited Aircraft and Transport Corporation,a large,vertically integrated,amalgamatedfirm, uniting business interests in all aspects ofaviation—a combination ofaircraft engine and airframe manufacturingandairlinebusiness, to serve all aviation markets, bothcivil aviation(cargo, passenger,private,air mail) andmilitary aviation.[41]After theAir Mail scandalof 1934, the U.S. government concluded that such large holding companies as United Aircraft and Transport were anti-competitive, and newantitrustlaws were passed forbidding airframe or engine manufacturers from having interests in airlines.[42]

United Aircraft Corporationwas formed in 1934 from United Aircraft and Transport's manufacturing interests east of theMississippi River(Pratt & Whitney, Sikorsky, Vought, andHamilton StandardPropeller Company), headquartered inHartfordwithFrederick Rentschler,founder of Pratt & Whitney, as president.[42][43]

United Aircraft became a component of theDow Jones Industrial Averageon March 4, 1939, when United Aircraft andAT&Twere added to replaceNash MotorsandInternational Business Machines.The company and its successors remained a component of the Dow Jones Industrial Averagethrough August 2020. It was announced that starting August 31, 2020, Raytheon Technologies would be substituted in theDow Jones Industrial AveragebyHoneywell International.[44][45]

During World War II, United Aircraft ranked sixth among United States corporations in the value of wartime production contracts.[16]At the close of the war, United Aircraft entered the emerging markets forjet enginesandhelicopters,via Pratt & Whitney and Sikorsky, respectively.[42]

In the 1950s, United Aircraft began developing jet engines, including thePratt & Whitney J57,the most powerful jet engine on the market for some years.[42]In the 1960s, Pratt & Whitney produced thePratt & Whitney JT9Dfor theBoeing 747.[42]

In 1974,Harry Jack GrayleftLitton Industriesto become the CEO of United Aircraft.[42]He pursued a strategy of growth and diversification, changing the parent corporation's name to United Technologies Corporation (UTC) in 1975 to reflect the intent to diversify into numeroushigh techfields beyond aerospace.[46](The change became official on May 1, 1975.) The diversification was partially to balance civilian business against any overreliance on military business.[42]UTC became amergers and acquisitions(M&A)–focused organization, with various forced takeovers of unwilling smaller corporations.[42]The next year (1976), UTC forcibly acquiredOtis Elevator.[47]In 1979,Carrier Refrigerationwas acquired;[48]

At one point the military portion of UTC's business, whose sensitivity to "excess profits" and boom/bust demand drove UTC to diversify away from it, actually carried the weight of losses incurred by the commercial M&A side of the business.[42]Although M&A activity was not new to United Aircraft, the M&A activity of the 1970s and 1980s was higher-stakes and arguably unfocused. Rather than aviation being the central theme of UTC businesses,high tech(of any type) was the new theme. Some Wall Street watchers questioned the true value of M&A at almost any price, seemingly for its own sake.[42]

In 1999, UTC acquiredSundstrand Corporationand merged it into UTC's Hamilton Standard unit to formHamilton Sundstrand.In 2003, UTC entered the fire and security business by purchasingChubb Security.In 2004, UTC acquired theSchweizer Aircraft Corporationwhich planned to operate as a wholly owned subsidiary under theirSikorsky Aircraftdivision.[49]In 2005, UTC further pursued its stake in the fire and security business by purchasingKidde.Also in 2005, UTC acquired Boeing'sRocketdynedivision, which was merged into thePratt & Whitneybusiness unit and renamedPratt & Whitney Rocketdyne(later sold toAerojetand merged intoAerojet Rocketdyne). In November 2008, UTC'sCarrier Corporationacquired NORESCO, anenergy service company.[50]

In 2010, UTC conducted its largest acquisition to date,General Electric's security equipment business for US$1.8 billion, a move to supportUTC's Fire & Security unit.[51]

In September 2011, UTC acquired an $18.4 billion deal (including $1.9 billion in net debt assumed) for aircraft components makerGoodrich Corporation.[52]In July 2012, United Technologies acquiredGoodrichand merged it withHamilton Sundstrand,formingUTC Aerospace Systems.

In November 2018, UTC acquiredRockwell Collinsfor $23 billion ($30 billion including Rockwell Collins' net debt).[53][54]As part of the deal,Pratt and Whitneyand the newly-formedCollins Aerospaceremained under United Technologies, whileOtis ElevatorandUTC Climate, Controls & Security(doing business asCarrier) were spun off as two independent companies.[55]The spin off was completed in March 2020.[56]

Raytheon Technologies

[edit]
Raytheon Technologies logo used from 2020 to 2023

In June 2019, United Technologies announced the intention to merge with the Raytheon Company. The combined company, valued at more than $100 billion after planned spinoffs, would be the world's second-largest aerospace-and-defense company by sales behind Boeing.[57]Although UTC was the legal survivor, the merged company took the name Raytheon Technologies and based its headquarters at Raytheon's former campus inWaltham, Massachusetts,rather than UTC's former base inFarmington, Connecticut.[58]The merger was completed in April 2020.[11]Raytheon Technologies began trading at $51 per share, on the New York Stock Exchange under the ticker RTX.[59][60]

A U.S. soldier firing aJavelin

On July 28, 2020, the company announced cutting of over 8,000 jobs in its commercial aviation division due to travel slowdown induced by the globalCOVID-19 pandemic.[61]

In December 2020, the Board of Directors authorized a $5 billion repurchase of common stock.[62][63]

In 2022, during theRussian invasion of Ukraine,major arms manufacturers, including Raytheon Technologies,[64]reported a sharp increase in interim sales and profits.[65][66][67]

On June 7, 2022, the company announced plans to move its global headquarters toArlington, Virginia.[5]The move was completed in July.[6]

In January 2023, Raytheon Technologies announced it would combine its missiles and defense division and intelligence and space division into a single business unit, effective July 1. The reorganization created three divisions at Raytheon Technologies: Collins Aerospace, Pratt & Whitney, and Raytheon.[68]The reorganization was preceded by the rebranding to RTX in June 2023.

RTX

[edit]
Protesters inGoleta, California,gathered outside the RTX office on November 9, 2023, to protest arms shipments toIsrael.

In July 2023, Raytheon Technologies Corporation changed its name to RTX Corporation.[4]

RTX's supply of weapons to Israel led to protests against the company during the2023 Israel–Hamas war.[69]On December 14, 2023, for example, protestors blocked the entrance to an RTX facility in Arizona.[70]In early 2024, 15 people were arrested after blocking access to RTX andBAE Systemsfacilities inLouisville, Kentuckyin protest against supplying weapons to Israel.[71]

In December 2023, RTX announced that CEO Greg Hayes would step down the following May and be replaced by company president Christopher Calio.[72]

Business units

[edit]

After the 2020 merger, Raytheon Technologies Corporation consisted of four business units:

In 2023, the company changed its name to RTX Corporation and re-organized into three business units:[73][74]

Footnotes

[edit]
  1. ^On June 7, 2022, the company announced plans to move its global headquarters toArlington, Virginia.[5]The move was completed in July.[6]

References

[edit]
  1. ^"Raytheon Technologies Form 10-K Annual Report".U.S. Securities and Exchange Commission.February 5, 2024.
  2. ^ab"United Technologies and Raytheon Complete Merger of Equals Transaction".www.rtx.com(Press release). Raytheon Technologies. April 3, 2020.RetrievedApril 3,2020.
  3. ^abMoore-Carrillo, Jaime (June 20, 2023)."Raytheon rebrands as RTX".DefenseNews.com.Defense News.RetrievedJune 21,2023.
  4. ^ab"Amendments to Articles of Incorporation or Bylaws".RTX Investors.July 17, 2023.
  5. ^ab"BREAKING: Arlington scores another major corporate headquarters".June 7, 2022.RetrievedJune 7,2022.
  6. ^abMaffei, Lucia (July 26, 2022)."Raytheon Has Quietly Completed Its Headquarters Move".NBC Boston.RetrievedSeptember 6,2022.
  7. ^"Raytheon 2018 Annual Report, p122".Raytheon.
  8. ^"The Global 2000 2023".Forbes.Archived fromthe originalon January 29, 2024.RetrievedFebruary 7,2024.
  9. ^Ehrenfreund, Max (December 5, 2016)."CEO: United Tech. considered federal contracts in decision to keep Indiana jobs in deal with Trump".The Washington Post.RetrievedJanuary 2,2016.I also know that about 10 percent of our revenue comes from the U.S. government, "[United Technologies chief executive Greg Hayes] said.
  10. ^"CorpWatch: United Technologies".Archived fromthe originalon July 4, 2015.RetrievedJuly 3,2015.
  11. ^abKilgore, Tomi (April 4, 2020)."Raytheon Technologies' stock, formerly United Technologies, starts trading in".MarketWatch.
  12. ^Raytheon Technologies."Gregory J. Hayes".
  13. ^Raytheon Australia.History.ArchivedAugust 30, 2007, at theWayback MachineRaytheon Marketing Material.
  14. ^Otto J. Scott, The Creative Ordeal, (New York, Atheneum, 1974),16–32
  15. ^Raytheon Company: The Early Days.Raytheon.com. September 30, 2007. Retrieved on February 4, 2012.ArchivedApril 15, 2009, at theWayback Machine
  16. ^abPeck, Merton J.&Scherer, Frederic M.The Weapons Acquisition Process: An Economic Analysis(1962)Harvard Business Schoolp.619
  17. ^abSorenson, David S. (2009).The Process and Politics of Defense Acquisition: A Reference Handbook: A Reference Handbook.Westport, CT: Praeger Security International. p. 188.ISBN978-0-313-34843-3.
  18. ^abNolan, Peter (2001).China and the Global Business Revolution.Hampshire, UK: Springer. p. 147.ISBN978-1-349-42100-8.
  19. ^Pavelec, S. Mike (2010).The military-industrial complex and American society.ABC-CLIO.ISBN9781598841886.
  20. ^Jump up ^ Staff (November 14, 2007). "Business Briefs". The Lowell Sun (MediaNews Group)
  21. ^Raytheon Announces Agreement to Purchase BBN TechnologiesArchivedMay 11, 2012, at theWayback MachineWALTHAM, Mass., September 1, 2009. PRNewswire.
  22. ^Raytheon Completes Acquisition of BBN TechnologiesMCKINNEY, Texas, October 26, 2009. PRNewswire.
  23. ^Hubler, David (December 20, 2010)."Raytheon buys Applied Signal Technology".Washington Technology.RetrievedAugust 21,2019.
  24. ^Raytheon wins deal for next-generation U.S. Air Force radar.Reuters,October 7, 2014
  25. ^Air Force Magazine, Issues 1-10.2017. p. 20.
  26. ^Mehta, Aaron (January 22, 2015)."US Air Force to Reevaluate 3DELRR Award".RetrievedAugust 7,2017.
  27. ^USAF delays awarding 3DELRR EMD contract until 2017.Janes,July 15, 2016
  28. ^Mehta, Aaron (August 8, 2017)."Raytheon awarded 3DELRR radar contract for second time".DefenseNews.RetrievedAugust 20,2019.
  29. ^Jaisinghani, Sagarika (April 25, 2015)."Raytheon to buy cybersecurity firm Websense in $1.9 billion deal".Reuters.RetrievedOctober 30,2018.
  30. ^Bach, James (January 14, 2016)."Raytheon-Websense joint cyber venture changes name to Forcepoint".Washington Business Journal.RetrievedOctober 31,2018.
  31. ^"Raytheon broadens cyber capabilities with acquisition of Foreground Security".PR Newswire.October 5, 2015.RetrievedOctober 31,2018.
  32. ^"Raytheon Paid $62M for Foreground Security".TransactionView.RetrievedOctober 31,2018.
  33. ^Riley, Duncan (January 14, 2016)."Raytheon|Websense acquires Stonesoft from Intel Security, renames combined company Forcepoint".SiliconANGLE.RetrievedOctober 31,2018.
  34. ^"Rocketing around the world".The Economist.ISSN0013-0613.RetrievedJuly 23,2016.
  35. ^"Poland moves towards multi-billion-euro Patriot missile deal".RetrievedJuly 23,2016.
  36. ^"Saudi Arabia agrees to buy $7 billion in precision munitions from U.S. firms: sources".Reuters. November 23, 2017.
  37. ^"Raytheon Arm Wins $302M Deal to Boost Saudi Arabia's Defense".Nasdaq.com. December 13, 2017.
  38. ^Judson, Jen (February 21, 2020)."Raytheon completes first antenna for US Army's new missile defense radar".Defense News.RetrievedFebruary 21,2020.
  39. ^"RTX's Pratt & Whitney opens expansion site at Singapore facility".Seeking Alpha.February 19, 2024. Archived fromthe originalon February 20, 2024.RetrievedFebruary 27,2024.
  40. ^"Pratt & Whitney gets $355M engine sustainment contract for South Korea's F-15s, F-16s".Seeking Alpha.February 13, 2024. Archived fromthe originalon February 13, 2024.RetrievedFebruary 27,2024.
  41. ^Sobel, Robert(1972).The Age of Giant Corporations: a Microeconomic History of American Business, 1914-1970.Westport, Conn., Greenwood Press: Greenwood Press.ISBN978-0-8371-6404-5.OCLC488208.
  42. ^abcdefghijFernandez, Ronald (1983),Excess Profits: The Rise of United Technologies,Boston: Addison-Wesley,ISBN9780201104844.
  43. ^Herman, Arthur.Freedom's Forge: How American Business Produced Victory in World War II,p. 6, Random House, New York, NY, 2012.ISBN978-1-4000-6964-4.
  44. ^Stevens, Pippa (August 24, 2020)."Salesforce, Amgen and Honeywell added to Dow in major shake-up to the average".CNBC.RetrievedAugust 26,2020.
  45. ^Bomey, Nathan."Exxon Mobil, Pfizer removed from Dow Jones Industrial Average; Salesforce, Honeywell added".USA TODAY.RetrievedAugust 26,2020.
  46. ^Fernandez 1983,p. 246.
  47. ^Fernandez 1983,pp. 246–251.
  48. ^Fernandez 1983,pp. 260–264.
  49. ^Schweizer acquisition press releaseArchivedApril 10, 2008, at theWayback Machine
  50. ^"Carrier Acquires Noresco to Expand Energy Solutions Capabilities".Carrier Corporation. November 21, 2008. Archived fromthe originalon December 30, 2013.RetrievedApril 25,2013.
  51. ^abGershon, Eric (January 1, 2010)."UTC Boss Looks To Make His Mark".Hartford Courant.Vol. CLXXIV, no. 1. Hartford, Connecticut: The Hartford Courant Company. pp. A1, A8 – via Newspapers.com.The main citation is for Page A1; Page A8 appearsin this clipping.
  52. ^"United Technologies to acquire Goodrich in USD 18.4 bn deal".September 23, 2011. Archived fromthe originalon June 5, 2012.RetrievedSeptember 25,2011.
  53. ^"United Technologies To Acquire Rockwell Collins For $30 Billion"(Press release). United Technologies. September 4, 2017.
  54. ^Craver, Richard (November 27, 2018)."UTC completes $30B deal for Rockwell Collins, announces three-way split of company".Winston-Salem Journal.
  55. ^Mattioli, Dana; Gryta, Thomas (November 26, 2018)."United Tech to Break Itself Into Three Companies".Wall Street Journal.RetrievedJune 10,2019– via www.wsj.com.
  56. ^"United Technologies Board Of Directors Approves Separation Of Carrier And Otis And Declares Spin Off Distribution Of Carrier And Otis Shares".StreetInsider.com.RetrievedMarch 12,2020.
  57. ^Lombardo, Cara; Cameron, Doug (June 10, 2019)."United Technologies Strikes Deal to Merge With Raytheon".The Wall Street Journal.ISSN0099-9660.RetrievedJune 10,2019.
  58. ^Singer, Stephen (June 9, 2019)."United Technologies says it's merging with defense contractor Raytheon and moving headquarters to Boston area from Connecticut".Hartford Courant.RetrievedJune 10,2019.
  59. ^Aitoro, Jill (April 3, 2020)."Raytheon Technologies Corp. begins trading on NYSE".Defense News.RetrievedDecember 27,2020.
  60. ^Jen Judson(24 Nov 2021) Raytheon CTO says merged company is finding new ways to work togethersynergies: Mark Russell, CTO
  61. ^"Raytheon sheds 8,000 aerospace jobs amid collapse in air travel".The Seattle Times.July 28, 2020.RetrievedJuly 29,2020.
  62. ^Technologies, Raytheon."Raytheon Technologies Board of Directors Authorizes $5 Billion Share Repurchase Program".www.prnewswire.com(Press release).RetrievedDecember 27,2020.
  63. ^Assis, Claudia."Raytheon's board OKs $5 billion share buyback".MarketWatch.RetrievedDecember 27,2020.
  64. ^"Defense Companies Secure Record Orders".The Wall Street Journal.January 24, 2023.
  65. ^Bedi, Rahul (February 28, 2022)."Russia's Invasion of Ukraine Bodes Good Business for Arms Manufacturers Worldwide".The Wire.Archivedfrom the original on March 2, 2022.
  66. ^"Ukraine war: How weapons makers are profiting from the conflict".Sky News.June 10, 2022.
  67. ^"Raytheon's profit more than doubles as Ukraine war boosts defense budgets".MarketWatch.January 25, 2023.
  68. ^"Raytheon to Combine Missiles and Defense Division with Intel and Space Business".Defense One.January 24, 2023.RetrievedMarch 13,2023.
  69. ^"Protesters Are Targeting Defense Contractors That Bragged About Profits from Gaza".Vice.November 17, 2023.
  70. ^"Anti-weapons" die-in "protest blocks Raytheon entrance during morning commute".Arizona Public Media.November 2, 2023.
  71. ^"15 people arrested during peaceful 'free Palestine' protest in Louisville".whas11.com.February 2, 2024.RetrievedFebruary 5,2024.
  72. ^Weisgerber, Marcus (December 15, 2023)."RTX CEO Greg Hayes to step down in May".Defense One.RetrievedDecember 15,2023.
  73. ^Moore-Carrillo, Jaime (June 20, 2023)."Raytheon rebrands as RTX".Defense News.RetrievedJune 23,2023.
  74. ^Wilkers, Ross (April 25, 2023)."Raytheon Technologies shows more of its new alignment".Washington Technology.RetrievedJune 23,2023.
[edit]
  • Official website
  • Business data for RTX Corporation:
Retrieved from "https://en.wikipedia.org/w/index.php?title=RTX_Corporation&oldid=1234680240"