As part of its portfolio realignment, Raytheon Technologies announced it will now be represented as RTX. As announced in January, the company will operate three focused businesses to better align with customer needs – Collins Aerospace, Pratt & Whitney, and Raytheon
“While we honor our legacy, we are always looking to the future – and that future is RTX,” said Chairman and Chief Executive Officer Gregory Hayes.
“Over the past few years, we have solidified our industry-leading positions with a $180 billion backlog across the highest growth commercial aerospace platforms and franchises serving the most critical defense priorities,” Hayes continued. “RTX is leveraging its breadth, scale and operational discipline to serve our customers and deliver value to our shareowners, with a clear path to achieve our 2025 financial commitments. Furthermore, with the business realignment and the strategic investments we continue to make, RTX is uniquely positioned for sustained profitable growth well beyond 2025.”
Positioned for Long-Term Sustainable Growth
As a platform-agnostic company, RTX is uniquely positioned to benefit from the growing commercial aerospace and defense markets. Additionally, strategic investments in next generation technology and expanded capacity are expected to drive the company towards its 2020 to 2025 adjusted annual sales* growth commitment of 6 to 7 percent, and sustain long-term growth well beyond 2025.RTX’s portfolio of differentiated technologies and commitment to innovation will enable the company to capture substantial revenue synergy opportunities across four key areas – connected aviation, sustainable aviation, connected battlespace and integrated solutions.
