RTX Corporation: Difference between revisions - Wikipedia


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'''RTX Corporation''', formerly '''[[Raytheon|Raytheon Technologies Corporation]]''',<ref name="Moore-Carrillo"/><ref name="investors.rtx.com">{{cite web |date=July 17, 2023 |title=Amendments to Articles of Incorporation or Bylaws |url=https://investors.rtx.com/node/40741/html |website=RTX Investors}}</ref> is an American [[multinational corporation|multinational]] [[Aerospace manufacturer|aerospace]] and [[Arms industry|defense]] [[list of conglomerates|conglomerate]] headquartered in [[Arlington, Virginia]]. It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization, as well as one of the largest providers of intelligence services.{{Refn|On June 7, 2022, the company announced plans to move its global headquarters to [[Arlington, Virginia]].<ref name="arlnow.com">{{cite web|url=https://www.arlnow.com/2022/06/07/breaking-arlington-scores-another-major-corporate-headquarters/|title=BREAKING: Arlington scores another major corporate headquarters|date=2022-06-07|access-date=2022-06-07}}</ref> The move was completed in July.<ref name="Maffei">{{cite web|url=https://www.nbcboston.com/boston-business-journal/raytheon-has-quietly-completed-its-headquarters-move/2789580/|title=Raytheon Has Quietly Completed Its Headquarters Move|first=Lucia|last=Maffei|date=July 26, 2022|access-date=September 6, 2022|publisher=NBC Boston}}</ref>|group=note}}<ref>{{Cite web|title=Raytheon 2018 Annual Report, p122|url=http://investor.raytheon.com/static-files/9f429227-9d18-4a7e-a2f6-12d5d71388d2|website=Raytheon}}</ref> In 2023, the company's seat in [[Forbes Global 2000]] was 79.<ref>{{Cite web|language=en|url=https://www.forbes.com/lists/global2000/?sh=51d599675ac0|title=The Global 2000 2023|website=Forbes|access-date=2024-02-07|archive-date=2024-01-29|archive-url=https://web.archive.org/web/20240129031905/https://www.forbes.com/lists/global2000/?sh=4f5ab07e5ac0}}</ref> RTX manufactures [[aircraft engine]]s, [[avionics]], [[aerostructure]]s, [[cybersecurity]] solutions, [[missile|guided missile]]s, [[anti-aircraft warfare|air defense systems]], [[satellite]]s, and [[unmanned aerial vehicle|drone]]s. The company is also a large military contractor, getting a significant portion of its revenue from the U.S. government.<ref>{{cite news |last=Ehrenfreund |first=Max |date=December 5, 2016 |title=CEO: United Tech. considered federal contracts in decision to keep Indiana jobs in deal with Trump |url=https://www.washingtonpost.com/news/wonk/wp/2016/12/05/ceo-united-tech-considered-federal-contracts-in-decision-to-keep-indiana-jobs-in-deal-with-trump |newspaper=The Washington Post |access-date=January 2, 2016 |quote=I also know that about 10 percent of our revenue comes from the U.S. government," [United Technologies chief executive Greg Hayes] said.}}</ref><ref>{{cite web|url=http://www.corpwatch.org/article.php?list=type&type=14|title=CorpWatch : United Technologies|access-date=July 3, 2015|archive-url=https://web.archive.org/web/20150704133159/http://www.corpwatch.org/article.php?list=type&type=14|archive-date=July 4, 2015|url-status=dead}}</ref>

The company is the result of the merger of equals between the aerospace subsidiaries of [[United Technologies Corporation]] (UTC) and the [[Raytheon|Raytheon Company]], which was completed on April 3, 2020. Before the merger, UTC [[corporate spin-off|spun off]] its non-aerospace subsidiaries [[Otis Worldwide|Otis Elevator Company]] and [[Carrier Global|Carrier Corporation]]. UTC is the nominal survivor of the merger but it changed its name to Raytheon Technologies and moved its headquarters to Waltham, Massachusetts.<ref name="mergercomplete"/><ref name="Kilgore">{{cite news | url=https://www.marketwatch.com/story/raytheon-technologies-stock-formerly-united-technologies-starts-trading-in-the-dow-friday-2020-04-03 | title=Raytheon Technologies' stock, formerly United Technologies, starts trading in | first=Tomi | last=Kilgore | work=[[MarketWatch]] | date=April 4, 2020}}</ref> Former UTC CEO and chairman [[Gregory J. Hayes]] is chairman and CEO of the combined company.<ref name="rtxpresidentceo">{{cite web|url=https://www.rtx.com/Our-Company/our-leadership/gregory-j-hayes|title=Gregory J. Hayes|author=Raytheon Technologies}}</ref>