Christopher T. Calio
Also at RTX Corp
About
Christopher T. Calio, born in 1974, is 51 years old as of February 3, 2025. His early years and personal background set a foundation for a distinguished professional journey, characterized by a commitment to excellence and transformational leadership.
He holds a B.A. in Political Science from Trinity College and earned both a J.D. and an MBA from the University of Connecticut. These credentials have been instrumental in shaping his analytical and strategic approach in the aerospace and defense sectors.
Beginning his RTX career in 2005 as Counsel, he progressively assumed greater responsibilities, serving in key roles such as Vice President & General Counsel, President of Commercial Engines, and President of Pratt & Whitney before taking on executive roles as Chief Operating Officer and then President of RTX. His leadership culminated in his election as President & CEO on May 2, 2024, and he is set to assume the Chairmanship on April 30, 2025, underscoring his pivotal role in the company’s strategic growth.
Throughout his tenure, Calio has been recognized for driving operational excellence and innovation, realigning the company’s business segments and steering RTX through significant periods of transformation.
$RTX Performance Under Christopher T. Calio
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| RTX Corporation | President & Chief Executive Officer (CEO) | May 2, 2024 - April 29, 2025 | Led over 185,000 employees and generated over $80 billion in annual sales |
| RTX Corporation | President | March 2023 - May 1, 2024 | Oversaw three business units and various corporate functions |
| RTX Corporation | Chief Operating Officer (COO) | March 2022 - February 2023 | Managed operations across business units |
| Pratt & Whitney | President, Pratt & Whitney | January 2020 - February 2022 | Led design, manufacturing, and servicing of aircraft engines and auxiliary power units |
| Pratt & Whitney | President, Commercial Engines | February 2017 - December 2019 | Focused on the commercial engines segment |
| United Technologies Corporation | Chief of Staff to the Chairman and CEO | February 2015 - January 2017 | N/A |
| UTC Aerospace Systems | Vice President and General Counsel | N/A | Held legal role prior to leadership roles at Pratt & Whitney |
| Pratt & Whitney | Vice President and Counsel, Commercial Engines | N/A | Held legal role within the organization |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $986,667 | Annual | 2023 base salary component |
| RTX Compensation Deferral Plan - Executive Contributions | $143,700 | Annual | Contribution made by executive in 2023 |
| RTX Compensation Deferral Plan - Registrant Contributions | $248,873 | Annual | RTX contribution on behalf of executive for 2023 |
Performance Compensation
Annual Incentive Award
| Metric | Weight | Threshold / Target / Maximum | 2023 Result / Details |
|---|---|---|---|
| Earnings (Adjusted Net Income) | 40% | Threshold: N/A / Target: N/A / Maximum: N/A | Result: 101%; Contributed 40.4% weight |
| Free Cash Flow | 40% | Threshold: N/A / Target: N/A / Maximum: N/A | Result: 100%; Contributed 40.0% weight |
| Total Representation % | 5% | Threshold: 42.6% / Target: 43.3% / Maximum: 44.6% | Result: 42.9%; Performance Factor: 71% |
| Employee Retention Rate | 5% | Threshold: 92.0% / Target: 93.3% / Maximum: 95.5% | Result: 95.0%; Performance Factor: 177% |
| GHG Emissions | 5% | Threshold: 1,694,499 metric tons / Target: 1,472,665 metric tons / Maximum: 1,275,242 metric tons | Result: 1,452,220 metric tons; Performance Factor: 110% |
| Water Usage | 5% | Threshold: 1,743,109,069 gallons / Target: 1,586,117,140 gallons / Maximum: 1,439,015,871 gallons | Result: 1,613,500,499 gallons; Performance Factor: 91% |
- Overall RTX Performance Factor (calculated): 103%
- Final RTX Performance Factor after Committee discretion: 98%
- Calio's Adjusted Performance Factor: 93%
- Award Payout: $1.41 million (reflecting the 93% performance factor)
Vesting & Conditions
- Performance Stock Units (PSUs): Vest based on four performance metrics and continued employment; vesting occurs after a three-year performance period; payout range from 3.75% (threshold) to 200% (maximum); TSR-related metrics capped at 100% if negative three-year TSR.
- Stock Appreciation Rights (SARs): Vest and become exercisable three years from the grant date, subject to continued employment or qualifying conditions.
Long-Term Incentive Award
| Detail | Value |
|---|---|
| Performance Metrics | TSR relative to S&P 500; TSR vs. RTX Core A&D peers; plus two undisclosed metrics |
| Payout Ranges | Threshold: 3.75% (for one TSR metric weighted at 15%); Target: 100%; Maximum: 200%; TSR cap at 100% if negative |
| Grant Date | February 8, 2023 |
| Grant Date Fair Value (PSUs) | $5,922,384 |
| Grant Date Fair Value (SARs) | $3,992,454 |
| Grant Date Stock Price | $97.65 per share |
| Number of Target PSUs | 61,445 |
| Number of SARs Granted | 161,900 |
| Vesting Period | 3 years; vesting contingent on achieving performance metrics and continued employment |
| Settlement | Vested PSUs settled in unrestricted RTX shares following Committee review |
| Dividend Equivalents | Unvested PSUs do not earn dividend equivalents |
This detailed breakdown covers both the annual and long-term performance compensation components for 2023 with exact amounts, performance metrics, targets, vesting schedules, and other conditions as provided in the documents.