RTX Corporation

What does RTX own?
RTX operates three primary business segments: Collins Aerospace (aerospace systems including avionics, navigation, and flight controls), Pratt and Whitney (aircraft engines including the GTF and F135), and Raytheon (defense systems including Patriot, Tomahawk, and AMRAAM missiles). The company supplies both commercial aerospace customers (Boeing, Airbus, airlines) and defense customers (US military and allied forces in over 80 countries).

Is RTX publicly traded?
Yes, RTX Corporation is publicly traded on the New York Stock Exchange under the ticker symbol RTX. The company has been publicly traded since its formation in April 2020 through the merger of Raytheon Company and United Technologies Corporation. Institutional investors including Vanguard Group, BlackRock, and State Street Global Advisors are among the largest shareholders.

Who founded RTX?
RTX was created in 2020 through the merger of Raytheon Company (founded in 1922 in Cambridge, Massachusetts by Laurence K. Marshall, Vannevar Bush, and Charles G. Smith) and United Technologies Corporation (tracing its origins to 1929). The merger was announced in June 2019 and completed on April 3, 2020. The company was initially named Raytheon Technologies and renamed RTX Corporation in July 2023.

Where is RTX headquartered?
RTX is headquartered in Arlington, Virginia, USA. The Arlington location provides proximity to the Pentagon and US defense procurement agencies, reflecting the company's significant defense business. Major manufacturing and engineering facilities are located in Connecticut (Pratt and Whitney), Iowa and North Carolina (Collins Aerospace), and Massachusetts and Arizona (Raytheon).

How many brands does RTX own?
RTX operates three primary brands: Collins Aerospace (aerospace systems), Pratt and Whitney (aircraft engines), and Raytheon (defense systems). Each brand has decades of recognition in its respective market. Pratt and Whitney also operates the EngineWise brand for aftermarket engine services. The company does not operate consumer-facing brands.

Who owns RTX?
RTX is publicly owned with no controlling shareholder. Institutional investors collectively hold the majority of outstanding shares, with Vanguard Group, BlackRock, and State Street Global Advisors among the largest holders. No individual, family, or private equity firm holds a controlling interest. The company is led by Chairman and CEO Chris Calio, who succeeded Greg Hayes in 2024.

What is RTX's revenue?
RTX reported full year 2025 sales of $88.6 billion, up 10% year over year, with adjusted EPS of $6.29 and free cash flow of $7.9 billion. In Q2 2026, the company reported sales of $24.7 billion, up 14% year over year, and raised its full year 2026 outlook to adjusted sales of $95.0 to $96.0 billion and adjusted EPS of $7.10 to $7.25. The company's backlog stood at $289 billion as of Q2 2026.

RTX Corporation was formed on April 3, 2020, from the all-stock merger of Raytheon Company and United Technologies Corporation (UTC). The merger was announced in June 2019 and completed during the early weeks of the COVID-19 pandemic. UTC shareholders received approximately 57% of shares in the combined company, and Raytheon shareholders received approximately 43%.

Raytheon Company was founded in 1922 in Cambridge, Massachusetts, by Laurence K. Marshall, Vannevar Bush, and Charles G. Smith as the American Appliance Company. The company initially manufactured radio tubes and adopted the Raytheon name (from Greek, meaning "ray of light") in 1925. During World War II, Raytheon's expertise in vacuum tube technology led to contracts for radar systems, establishing the company's defense business. Raytheon went on to develop missile systems including the Patriot surface-to-air missile system (first deployed in the 1980s), the Tomahawk cruise missile, and the AMRAAM air-to-air missile.

United Technologies Corporation traced its origins to 1929, when United Aircraft and Transport Corporation was formed as a holding company combining Boeing, Pratt and Whitney, Hamilton Standard, and Sikorsky. The Air Mail Act of 1934 forced the dissolution of the holding company, and United Aircraft became an independent company focused on engines and aerospace systems. Pratt and Whitney, founded in 1925 by Frederick Rentschler in Hartford, Connecticut, became the aircraft engine division. The company was renamed United Technologies Corporation in 1975 to reflect its diversification beyond aerospace.

As part of the 2020 merger, UTC spun off its Otis elevator and Carrier HVAC businesses into separate publicly traded companies, allowing the merged entity to focus exclusively on aerospace and defense. The combined company was initially named Raytheon Technologies Corporation and was renamed RTX Corporation in July 2023 to simplify its brand identity.

The merger created a company with approximately $74 billion in pro forma revenue at formation, split between commercial aerospace (Pratt and Whitney and Collins) and defense (Raytheon). The diversified revenue base was intended to provide stability through commercial aerospace downturns, which the COVID-19 pandemic immediately tested as global air travel collapsed in 2020.

In 2023, Pratt and Whitney discovered a manufacturing defect in the GTF engine powder metal used in certain engine parts, requiring inspections and repairs of approximately 200 to 700 engines. The issue caused significant disruptions for airlines operating A320neo aircraft and resulted in hundreds of millions of dollars in charges for RTX. By 2025, the company had increased GTF MRO (maintenance, repair, and overhaul) output by 26% to support the growing fleet, and the engine program returned to a more stable operational footing.

In May 2024, RTX announced that Chris Calio would succeed Greg Hayes as CEO, with Hayes transitioning to executive chairman. Calio became CEO in May 2024 and chairman in April 2025. Under Calio's leadership, RTX has focused on operational execution, increasing production capacity, and investing in new technologies including hypersonics, directed energy, and advanced propulsion systems.

In Q2 2026, RTX reached an agreement to sell Raytheon's Blue Canyon Technologies small satellite business for $620 million, part of a portfolio rationalization effort to focus on core defense and aerospace programs.

RTX and its predecessor companies have faced several significant controversies and regulatory matters. The GTF engine powder metal manufacturing defect, disclosed in 2023, required inspections of approximately 200 to 700 engines and caused significant operational disruptions for airlines including Spirit Airlines, which faced aircraft groundings. RTX recorded significant charges related to the issue, though the company has since increased MRO capacity and is working through the affected engine fleet.

The company has faced export control and compliance matters related to defense technology transfers. In 2023, RTX agreed to pay approximately $200 million to resolve US government investigations into export control violations involving certain defense technology. The settlement covered alleged violations of the Arms Export Control Act and International Traffic in Arms Regulations (ITAR).

As a major defense contractor, RTX is subject to ongoing scrutiny of its government contracts, procurement practices, and pricing. The company's defense contracts are subject to audits by the Defense Contract Audit Agency (DCAA) and oversight by the Department of Defense Inspector General. Cost overruns and schedule delays on major programs can result in congressional scrutiny and contract modifications.

The merger that created RTX was subject to extensive regulatory review, including antitrust scrutiny by the US Department of Justice and reviews by European and Asian regulators. The merger was approved with limited divestitures, though the company has since divested certain businesses, including the Blue Canyon Technologies small satellite business (agreed in Q2 2026 for $620 million) and the Simmonds Precision Products business (completed in Q4 2025).