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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 .
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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 .
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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 .
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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 | |
|---|---|---|---|---|
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. | View Report → |
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. | |
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. | |
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. | |
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. | |
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. | |
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. | |
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. | |
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. | |
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. | |
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. | |
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. |
- 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 press releases and 8-K filings for RTX.
- RTX reported Q1 2025 sales of $20.3 billion, up 5% YoY with 8% organic growth .
- Order backlog reached $217 billion (with $125 billion in commercial orders and $92 billion in defense awards), up 8% YoY with new awards exceeding $19 billion .
- Adjusted segment profit grew to $2.5B, reflecting 18% growth and a 120 bps margin expansion .
- EPS improved with GAAP of $1.14 and adjusted EPS of $1.47 (up 10% YoY) .
- Operational performance delivered $1.3B operating cash flow and $0.8B free cash flow, alongside robust free cash flow improvements .
- Full-year guidance provided adjusted sales of $83.0–$84.0B, adjusted EPS of $6.00–$6.15, and free cash flow of $7.0–$7.5B .
- Reported an estimated $850 million net tariff impact mitigated through regulatory and operational strategies, with an emphasis on leveraging strong European defense spending and stabilizing the supply chain amid global trade challenges .
- RTX has moved its Lower Tier Air and Missile Defense Sensor (LTAMDS) from prototype to production after completing a rigorous U.S. Army flight test program and achieving Milestone C, validating the radar's performance.
- The initial delivery of six LTAMDS units has been completed, with production ramping up from 8 to 12 units annually to meet global demand, including contracts for both the U.S. Army and Poland.
- Pratt & Whitney has developed a new additive manufacturing repair process for critical GTF engine components using Directed Energy Deposition, reducing process time by over 60% .
- Pratt & Whitney and Delta TechOps announced an agreement to expand GTF engine overhaul capacity by over 30%, enabling up to 450 shop visits annually .
- The innovative repair solution is expected to recover $100 million worth of parts over the next five years and will be scaled across a global GTF MRO network .
- The development involved collaboration with the Connecticut Center for Advanced Technology and the RTX Research Center, enhancing repair efficiency and reducing setup complexities .
- Expanded capacity supports maintenance services for PW1100G-JM and PW1500G engines, servicing aircraft including the Airbus A320neo and A220 .
- The agreement aligns with both companies celebrating their 100-year anniversaries in 2025, reinforcing a long-term strategic partnership .
- Raytheon, a business of RTX Corp, has been awarded a follow-on contract from the U.S. Army Futures Command to expand its advanced defense analysis solution using its RCADE modeling and simulation capability.
- The contract builds on prior work where Raytheon developed extensive theater scenarios, and it now aims to establish a continuous experimentation environment for strategic force design and operational decision-making.
- This development underscores RTX’s role as a major aerospace and defense leader, leveraging technological innovation to address evolving defense challenges.
- Collins Aerospace, an RTX business, won an $80 million contract to upgrade the avionics systems for U.S. Army Black Hawk helicopters under the H-60M MOSA Avionics Architecture Solution program.
- The upgrade will utilize the Mosarc family of Modular Open Systems Approach products to enable an open systems architecture, allowing rapid integration of new capabilities.
- The solution is designed to reduce sustainment costs and support swift technology updates in complex battlefield environments, with work conducted in Cedar Rapids, Iowa, and Huntsville, Alabama.
- Collins Aerospace, an RTX business, has received approval for Full Rate Production of its MAPS GEN II system, which is key for U.S. Army and Marines combat vehicles.
- The MAPS GEN II system combines the NavHub™-100 navigation system with the Multi-Sensor Antenna System to provide jam-and-spoof-resistant navigation, supporting multiple mission sets including artillery, air defense, and ship-to-shore operations.