You might also like
RTX Corporation is a global aerospace and defense company that operates through three principal business segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The company provides advanced aerospace and defense products and aftermarket service solutions for civil and military aircraft manufacturers, commercial airlines, and defense and commercial space operations . RTX sells electric power systems, environmental control systems, flight control systems, integrated avionics, aircraft engines, and advanced capabilities in integrated air and missile defense, smart weapons, missiles, and advanced sensors .
-
Collins Aerospace - Provides advanced aerospace and defense products and aftermarket service solutions for civil and military aircraft manufacturers, commercial airlines, and defense and commercial space operations. Offerings include electric power systems, environmental control systems, flight control systems, and integrated avionics .
-
Pratt & Whitney - Supplies aircraft engines for commercial, military, business jet, and general aviation customers. Produces engines for wide- and narrow-body aircraft and military aircraft such as the F-35 Lightning II .
-
Raytheon - Delivers advanced capabilities in integrated air and missile defense, smart weapons, missiles, and advanced sensors for U.S. and foreign government and commercial customers .
| Name | Position | External Roles | Short Bio | Start Date |
|---|---|---|---|---|
Christopher T. Calio ExecutiveBoard | President & CEO, Chairman (from April 30, 2025) | None | Christopher T. Calio became CEO on May 2, 2024, after serving as COO and President. He has been with RTX since 2005 and has held various leadership roles, including President of Pratt & Whitney. | May 2, 2024 |
Amy L. Johnson Executive | Corporate VP & Controller | None | Amy L. Johnson has been Corporate VP & Controller since September 2021. She oversees financial reporting and internal controls. Previously held finance leadership roles at Pratt & Whitney. | September 2021 |
Dantaya M. Williams Executive | EVP & CHRO | None | Dantaya M. Williams has been EVP & CHRO since June 2020. She oversees RTX's human resources strategy, including workforce development and DE&I initiatives. | June 2020 |
Neil G. Mitchill, Jr. Executive | EVP & CFO | None | Neil G. Mitchill, Jr. has been CFO since April 2021. He oversees RTX's financial strategy, including capital allocation and financial reporting. Previously held senior finance roles at Pratt & Whitney and UTC. | April 2021 |
Philip J. Jasper Executive | President, Raytheon | None | Philip J. Jasper became President of Raytheon in January 2024. He has over 30 years of experience at RTX, previously leading Collins Aerospace's Mission Systems business unit. | January 7, 2024 |
Shane G. Eddy Executive | President, Pratt & Whitney | None | Shane G. Eddy has been President of Pratt & Whitney since March 2022. He focuses on engine production and sustainable propulsion technologies. Previously served as COO of Pratt & Whitney. | March 2022 |
Troy Brunk Executive | President, Collins Aerospace | None | Troy Brunk became President of Collins Aerospace in July 2024. He has over 30 years of experience at RTX, previously leading multiple business units within Collins Aerospace. | July 2024 |
Brian C. Rogers Board | Independent Director | Lowe’s Companies, Brookings Institution, Harvard Management Company, Johns Hopkins Medicine | Brian C. Rogers has been a director since 2016. He brings financial and investment expertise from his career at T. Rowe Price, where he served as Chairman and CIO. | 2016 |
Fredric G. Reynolds Board | Independent Lead Director | Pinterest, Inc. | Fredric G. Reynolds has been a director since 2016 and became Lead Director in December 2023. He brings financial and risk management expertise from his career at CBS Corporation and Viacom. | December 1, 2023 |
Leanne G. Caret Board | Independent Director | Deere & Company, FIRST, George W. Bush Institute Women’s Initiative, Kansas State University Foundation, USO Board of Governors, AIAA, Royal Aeronautical Society | Leanne G. Caret joined the RTX Board in January 2023. She brings extensive aerospace and defense expertise from her career at Boeing, where she served as President & CEO of Defense, Space & Security. | January 16, 2023 |
Robert O. Work Board | Independent Director | Govini, SparkCognition Government Services, System High | Robert O. Work has been a director since 2020. He brings defense and national security expertise from his roles as Deputy Secretary of Defense and Undersecretary of the Navy. | 2020 |
Tracy A. Atkinson Board | Independent Director | Citizens Financial Group, United States Steel Corporation, Affiliated Managers Group | Tracy A. Atkinson has been a director since 2020. She chairs the Human Capital & Compensation Committee and brings financial and risk management expertise from her career at State Street Corporation. | 2020 |
- Given the challenges in the airborne and space systems leading to slower growth, can you elaborate on the specific strategies you're implementing to strengthen these areas, and what is the expected time frame for seeing tangible results?
- With the ongoing evaluation of your space business portfolio, how do you plan to address unprofitable segments, and what criteria will determine whether you invest further or exit these markets?
- Considering the importance of your GTF fleet management plan and the progress of powdered metal inspections, how confident are you in your current assumptions about fallout rates and financial impacts, and what potential risks could alter your outlook?
- As new defense technology companies gain traction, such as Palantir, how does RTX plan to stay competitive, and do you see these companies as competitive threats or potential partners?
- With the expectation of flat commercial OE at Collins and reliance on restarting shipments to Boeing, what contingency plans are in place if shipments don't resume as expected, and how will this affect your growth projections?
| Customer | Relationship | Segment | Details |
|---|---|---|---|
U.S. Government | Defense prime/subcontractor (largest customer) | All | Accounted for 40% of total net sales in 2024 ($32,246 million). |
Airbus | Largest commercial customer for Pratt & Whitney (GTF engine programs) | Pratt & Whitney | Accounted for 31% of Pratt & Whitney’s total segment sales in 2024. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
FlightAware | 2021 | RTX acquired FlightAware, a digital aviation company that operates flight tracking and data platforms, to integrate its capabilities into the Collins Aerospace segment, enhancing digital aviation services such as health monitoring, diagnostics, and prognostics. The deal, agreed upon on August 30, 2021, was part of a combined $1.0 billion cash outlay (with SEAKR Engineering) and was subject to customary closing conditions, including regulatory approvals. |
SEAKR Engineering | 2021 | RTX acquired SEAKR Engineering, Inc., a supplier of advanced space electronics, to bolster its space-based capabilities within the Raytheon Intelligence & Space segment and improve the reliability of satellite bus hardware and customized space electronics. This strategic bolt-on acquisition, aimed at filling key technology gaps, was executed as part of the broader transaction with expected combined cash outflows of approximately $1.0 billion, subject to standard closing conditions and regulatory approvals. |
Recent developments and announcements about RTX.
Earnings
New Earnings (Q4 2024)
·Jan 28, 2025, 5:06 PMView full earnings summary →RTX projects a $500M GTF aftermarket drop-through in 2024, boosting Pratt & Whitney profits even as engine margin headwinds of $150–$200M loom for 2025. Meanwhile, Collins expects ~40% incremental margins, positioning RTX for strong growth despite supply chain pressures.
8-K Filings
8-K Filing
·Feb 19, 2025, 9:34 PMFinancial ExhibitsLeadership ChangesView full 8-K filing →RTX announced Executive Chairman Gregory J. Hayes will step down and serve as Special Advisor until January 2026, with his base salary continuing at $1.1M. President & CEO Christopher T. Calio is elected Chairman, effective April 30, 2025.
Press Releases
Press Release
·Feb 12, 2025, 1:49 AMView full press release →Collins Aerospace, an RTX business, has received approval for Full Rate Production of its MAPS GEN II system, set to deliver thousands of jam-and-spoof-resistant units for U.S. Army and Marines. The milestone supports DOD modernization and cost reduction.