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Raytheon Technologies Corp RTX Stock Quote

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Raytheon Technologies Provides Even Exposure to Commercial Aerospace and Defense

Burkett Huey, CFA Equity Analyst

Business Strategy and Outlook

| Richard Hilgert |

Raytheon Technologies consists of United Technologies' aerospace businesses and legacy Raytheon, which are powerhouses in the commercial aerospace supply chain and defense prime contracting industries, respectively. The combined entity is unique in its relatively even balance between commercial aerospace and defense prime contracting; most other entities in the industry are heavily skewed one way or the other.

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Business Description

Raytheon Technologies is a diversified aerospace and defense industrial company formed from the merger of United Technologies and Raytheon, with roughly equal exposure as a supplier to commercial aerospace manufactures and to the defense market as a prime and subprime contractor. The company operates in four segments: Pratt & Whitney, an engine manufacturer; Collins Aerospace, a diversified aerospace supplier; intelligence, space and airborne systems, a mix between a sensors business and a government IT contractor; and integrated defense and missile systems, a defense prime contractor focusing on missiles and missile defense hardware.

870 Winter Street
Waltham, MA, 02451
T +1 781 522-3000
Industry Aerospace & Defense
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 174,000

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