Aerospace & Defense Industry | Industrials Sector | Mr. Gregory J. Hayes CEO | XSTU Exchange | US75513E1010 ISIN |
US Country | 185,000 Employees | 16 Aug 2024 Last Dividend | - Last Split | 2 Jan 1970 IPO Date |
RTX Corporation, initially known as Raytheon Technologies Corporation until its renaming in July 2023, stands as a prominent entity within the aerospace and defense industry. The corporation engages in the provision of advanced systems and services catering to a wide range of customers that include commercial, military, and government sectors both within the United States and on a global scale. Established in the year 1934 and currently headquartered in Arlington, Virginia, RTX Corporation operates through a structural division comprising three significant segments: Collins Aerospace, Pratt & Whitney, and Raytheon. Each of these segments plays a crucial role in ensuring the company’s contributions to aerospace and defense are innovative, reliable, and meet the comprehensive needs of their diverse clientele.
This segment delivers a broad assortment of aerospace and defense products alongside aftermarket service solutions, targeting civil and military aircraft manufacturers, commercial airlines, and operations in defense and commercial space. Its product lineup encompasses cabin interiors – with oxygen systems, galley systems, food and beverage preparation and storage, and lavatory and wastewater management systems. Moreover, it includes battlespace, test and training range systems, crew escape systems, alongside simulation and training solutions. Among its services are information management and extensive aftermarket support such as spare parts, overhaul and repair, engineering and technical support, training and fleet management solutions, plus asset and information management services.
Specializing in the realm of aircraft engines, this segment furnishes the aerospace market with engines for various applications including commercial, military, business jet, and general aviation. Pratt & Whitney's expertise extends to the production, sale, and servicing of both military and commercial auxiliary power units, demonstrating its commitment to innovation and excellence in aviation propulsion.
Focused on the defense aspect of RTX Corporation's operations, this segment excels in providing state-of-the-art defensive and offensive threat detection, tracking, and mitigation solutions. Serving an extensive clientele that includes the U.S government, foreign governments, and commercial entities, the Raytheon segment ensures top-tier security solutions that are crucial for national defense and security operations worldwide.