RTX Corp (RTX)

Raytheon Technologies Corporation, formerly United Technologies Corporation, is a global aerospace and defense company incorporated in Delaware in 1934 that provides advanced systems and services to commercial, military and government customers worldwide, operating through four principal business segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space (RIS) and Raytheon Missiles & Defense (RMD), with plans to reorganize into three segments (Collins Aerospace, Pratt & Whitney and Raytheon) in the second half of 2023. Collins Aerospace is a leading global supplier of aerospace and defense products and aftermarket services—including avionics, communications, navigation, electric power, environmental control, flight control, engine components, interiors, lighting, seating, landing systems, and space and defense solutions—serving aircraft manufacturers, airlines, business/general aviation, and defense and space customers, with Boeing and Airbus as its largest commercial customers. Pratt & Whitney is a leading supplier of aircraft engines for commercial, military, business jet and general aviation markets, producing the PW1000G Geared Turbofan family, small engines through Pratt & Whitney Canada, and military engines including the F135 for the F-35 Joint Strike Fighter and engines for the B-21 bomber, serving aircraft manufacturers, airlines, leasing companies and governments, with Airbus as its largest commercial customer.

Raytheon Intelligence & Space provides integrated space, communications, sensor, cyber and software solutions—including ISR systems, radars, electronic warfare, space systems, secure communications, and cyber services—to intelligence, defense, federal and commercial customers such as the DoD, U.S. Intelligence Community, FAA and NASA. Raytheon Missiles & Defense delivers end-to-end detection, tracking and engagement systems across air, land, sea and space, including missiles such as AMRAAM, Javelin, Stinger, Tomahawk and Standard Missile families, along with Patriot, NASAMS and SPY-6 radar systems, serving the U.S. military services, the Missile Defense Agency, and international government customers. The company derives substantial revenue from U.S. government sales (45% of total net sales in 2022) and international sales (39% of total net sales in 2022), reported total backlog of $175 billion as of December 31, 2022, and competes with numerous domestic and foreign manufacturers and defense contractors on price, technology, innovation and past performance, while employing approximately 182,000 people across 52 countries, including around 55,000 engineering professionals.