RTX Business Summary

RTX Corporation operates as a premier aerospace and defense conglomerate, generating revenue through a diversified mix of high-technology products and services across three primary segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The company’s business model is anchored by long-term government defense contracts, commercial aircraft engine sales, and a high-margin global aftermarket services business. In 2025, RTX reported $88.6 billion in revenue, supported by a record $268 billion backlog, with its portfolio strategically balanced between commercial aerospace and defense. Its primary competitors include Lockheed Martin, Boeing, Northrop Grumman, and General Dynamics; RTX distinguishes itself as the world’s largest aerospace and defense company by revenue, maintaining a dominant market share in turbofan engines and integrated air and missile defense systems. The company is led by Chairman and CEO Christopher T. Calio, who assumed the role in 2024 and previously served as RTX’s Chief Operating Officer and President of Pratt & Whitney. The executive leadership team includes Executive Vice President and CFO Neil G. Mitchill Jr. and Chief Technology Officer Juan M. de Bedout, who oversees the firm’s $10.5 billion annual R&D and capital investment program. RTX’s heritage traces back to the 1922 founding of Raytheon by Vannevar Bush and the 1934 establishment of United Technologies by Frederick Rentschler, culminating in their 2020 merger. The Board of Directors features prominent figures such as Lead Independent Director Fredric Reynolds and former military leaders like Admiral James Winnefeld and General Ellen Pawlikowski, reflecting a strategic blend of industrial expertise and high-level defense pedigree.