Revenue segments as reported by the company.

Collins Aerospace Systems

Pratt & Whitney

Raytheon Intelligence & Space

Raytheon Missiles & Defense

Eliminations and other

Raytheon

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Raytheon Technologies

Raytheon Technologies Corp. is an aerospace and defense company, which engages in the provision of aerospace and defense systems and services for commercial, military, and government customers. It operates through the following segments: Collins Aerospace Systems, Pratt and Whitney, Raytheon Intelligence and Space, and Raytheon Missiles and Defense. The Collins Aerospace Systems segment manufactures and sells aero structures, avionics, interiors, mechanical systems, mission systems, and power controls. The Pratt and Whitney segment includes the design and manufacture of aircraft engines and auxiliary power systems for commercial, military, and business aircraft. The Raytheon Intelligence and Space segment is involved in the development of sensors, training, and cyber and software solutions. The Raytheon Missiles and Defense segment offers end-to-end solutions to detect, track, and engage threats. The company was founded in 1922 and is headquartered in Arlington, VA.

Earnings data Q1 2021

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Earnings data Q1 2024

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Raytheon Technologies (RTX) posts robust Q4 results amidst supply chain challenges

Raytheon Technologies (RTX) delivered solid financial results in Q4 2022, highlighted by strong sales, bookings, and backlog growth. The company faces challenges in supply chain, labor, and inflation but is proactively addressing these issues. With a focus on innovation and customer alignment, RTX is poised for growth and profitability in 2023.

Raytheon Technologies (RTX) posts strong Q1 results and navigates challenges

Raytheon Technologies (RTX) reported a strong Q1 performance with robust financial results and a record backlog of $180 billion. The company faces challenges with negative engine margin headwinds and working capital impacts but sees opportunities in defense budget support and business realignment. Overall, RTX remains well-positioned for growth and performance.

Raytheon Technologies (RTX) excels in Q2 2023 despite Pratt issue

Raytheon Technologies (RTX) reported a strong Q2 2023 performance with record new orders and backlog, despite challenges from Pratt & Whitney's engine issue. The company's strategic decisions, positive outlook for defense margins, and focus on efficiency improvements position it well for long-term success.

Raytheon Technologies (RTX) reports robust Q3 performance amidst defense opportunities

Raytheon Technologies (RTX) delivered strong financial results in Q3, driven by defense sales and operational improvements. The company is navigating challenges related to the powder metal matter and fleet inspections while capitalizing on growth opportunities in defense spending. RTX's strategic focus on efficiency, innovation, and shareholder returns positions it well for future success.

Raytheon Technologies (RTX) posts record sales and backlog in Q4 2023

Raytheon Technologies (RTX) is poised for growth in 2024, driven by strong demand for its products and strategic initiatives to improve profitability. While facing challenges in certain segments, the company remains committed to enhancing operational efficiency and delivering value to shareholders.

Raytheon Technologies reports robust Q1 performance and strategic growth outlook

Raytheon Technologies (RTX) showcased a strong Q1 performance with sales and profit growth across segments, underlining operational efficiency and financial strength. The company faces challenges in supply chain dynamics and fixed price programs but is leveraging strengths in technology investments and operational excellence for future growth. Opportunities in advanced capabilities, international orders, and strategic shifts position Raytheon well for continued success.

Raytheon Technologies (RTX) posts strong Q2 earnings and outlines growth strategies

Raytheon Technologies (RTX) reported strong Q2 2024 earnings, with solid performance across segments and raised outlook for the year. Strategic priorities focus on meeting customer demand, sales growth, margin expansion, and cash flow generation. Future engine developments and profit alignment offer growth opportunities.

Raytheon Technologies (RTX) excels in Q3, eyes innovation for growth

Raytheon Technologies (RTX) reported a strong performance in Q3 2024, with notable achievements in sales growth, margin expansion, and cash flow generation. The company's strategic priorities include focusing on core initiatives, innovation, and supply chain efficiencies to drive continued growth and profitability.

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RTX Corp. is an aerospace and defense company, which engages in the provision of aerospace and defense systems and services for commercial, military, and government customers. It operates through the following segments: Collins Aerospace Systems (Collins), Pratt and Whitney, Raytheon Intelligence and Space (RIS), and Raytheon Missiles and Defense (RMD). The Collins segment manufactures and sells aero structures, avionics, interiors, mechanical systems, mission systems, and power controls. The Pratt and Whitney segment includes the design and manufacture of aircraft engines and auxiliary power systems for commercial, military, and business aircraft. The RIS segment is involved in the development of sensors, training, and cyber and software solutions. The RMD segment offers end-to-end solutions to detect, track, and engage threats. The company was founded in 1922 and is headquartered in Arlington, VA.

Program remains on track to enable Block 4 capabilities in 2029 EAST HARTFORD, Conn. , March 23, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, has received full funding in the recently passed fiscal year 2024 Defense Appropriations bill for its F135 Engine Core Upgrade, which will modernize the F-35's propulsion system to increase durability and fully-enable Block 4 capabilities and beyond starting in 2029.

RTX's Pratt & Whitney receives full funding for F135 Engine Core Upgrade in FY 2024 Defense Appropriations bill

Live fire attended by military leaders from seven countries WHITE SANDS MISSILE RANGE, N.M., March 21, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, today announced that its Lower Tier Air and Missile Defense Sensor, or LTAMDS, continues to advance through its U.S. Army test program with another successful live-fire event.

RTX's Raytheon Lower Tier Air and Missile Defense Sensor detects and engages complex target

Additional Patriots will enhance Germany's air defense and interoperability TUCSON, Ariz. , March 21, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded a $1.2 billion contract to supply Germany with Patriot® air and missile defense systems.

RTX's Raytheon awarded $1.2 billion contract to provide Patriot air and missile defense systems to Germany

Tests will compare emissions from conventional Jet A and 100% SAF  EAST HARTFORD, Conn. , March 21, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business and the Federal Aviation Administration (FAA) will work together with Missouri University of Science and Technology (Missouri S&T), Aerodyne Research, Inc., and the Environmental Protection Agency (EPA) to study non- CO2 aviation emissions, to help understand and reduce the environmental impact of those emissions.

RTX's Pratt & Whitney collaborates with FAA to study non-CO2 emissions under FAA ASCENT program

RTX is an industry leader in aerospace and defense. Ending 2023 with a record backlog positions RTX for growth.

1 Wall Street Analyst Thinks RTX Stock Is Going to $115. Is It a Buy Around $94?

New cabin management and in-flight entertainment solution enhances cabin experience, provides incremental growth paths DALLAS , March 19, 2024 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, unveiled its Venue™ smart monitor at the Aircraft Electronics Association Convention & Trade Show's new product introduction showcase in Dallas, Texas. The new smart monitor can function as a standalone in-flight entertainment (IFE) solution or fully within the Venue cabin management system (CMS).

RTX's Collins Aerospace introduces Venue™ smart monitor

Test demonstrates commitment to supporting greater use of SAF EAST HARTFORD, Conn. , March 18, 2024 /PRNewswire/ -- IAE International Aero Engines AG (IAE) announced it has successfully tested the V2500 engine with 100% sustainable aviation fuel (SAF) at MTU Maintenance Hannover, Germany.

IAE AG successfully tests V2500 engine on 100% Sustainable Aviation Fuel

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As capital goods represent the majority of companies involved with contributing to key aspects of modern, industrialized societies, their respective sizes makes them less likely to exhibit the same kind of volatility that other sectors, like technology, for example, might exhibit.

15 Largest Companies In The Capital Goods Sector

RTX's medium-term aspirations are only on track due to factors that won't repeat. The company may be over the worst of the two issues that blighted it in 2023.

RTX Stock Has 30% Upside, According to 1 Wall Street Analyst

RTX got a boost from an upgrade by a Wells Fargo analyst. The analyst expects the impact of the company's engine issues will fade as the year goes on.

Why RTX Stock Is Gaining Altitude Today

Wells Fargo analyst Matthew Akers upgrades RTX stock to Buy from Hold and boosts his price target to $120 a share from $100.

RTX Stock Is a Buy. Its Jet Engine Problems Will Fade.

Meridian® main cabin seats will fly on an Airbus narrow body platform TANAUAN CITY, Philippines , March 13, 2024 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, recently delivered the first seating shipment from its Tanauan City, Philippines facility to Airbus. The delivery of the Meridian® main cabin seat supports an airline customer's narrow body linefit program, providing passengers with ergonomic comfort, increased living space and ample in-seat storage.

RTX's Collins Aerospace delivers first aircraft seats from Philippines facility

With the ongoing conflicts in Ukraine, Sudan, Gaza, and Ethiopia, the world is facing the harsh reality that the era of peace might be at its end. As governments increase their military spending, companies in the defense sector witness increased demand and new growth prospects.

Military stock on the rise: This defense company is poised for a major breakout

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Market sentiment is bullish but not at extreme levels, suggesting unusual developments in market sentiment, with surprisingly loose financial conditions.

Beware Of Low Returns! Here Are 4 Dividend Stocks With Over 12% Annual Return Potential

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PLEASANTON, Calif. , March 7, 2024 /PRNewswire/ -- Neural Propulsion Systems (NPS) , a pioneer in software-defined radar, today announced it secured a $17.5 million Series B funding round.

NPS Completes $17.5M Series B Funding for Software-Defined Radar Led by Cota Capital with Key Strategic Investment from GM Ventures and RTX Ventures

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Barron's First New-Year Roundtable, published 1/11/24, listed 8 stocks of note for 2024. The follow-up article published 1/22/24 mentioned 27 more and included a buy-recommendation from Andrew Bary for BP.

How Barron's Pro-Picked 2024 Dividend Dogs Run In March

RTX Pratt & Whitney's latest agreement with Icelandair is set to help expand its presence in the commercial aircraft engines market by providing efficient and sustainable solutions.

RTX Arm's GTF Engine Selected by Icelandair for 35 Aircraft

L3Harris

Russia's war industry is expanding rapidly, with defense spending rising and the country's GDP reaching an all-time high. The US and global defense spending, in general, is also increasing, and top defense contractors will likely benefit. Raytheon/RTX Corp., L3Harris, and Boeing are my top defense stock picks due to their strong growth potential and profitability prospects in the coming years.

My Top 3 Defense Stocks To Buy Now

Airline also selects EngineWise® maintenance long-term agreement  EAST HARTFORD, Conn. , March 4, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, today announced that Icelandair has selected GTF engines to power up to 35 new Airbus A320neo family aircraft, comprising a mix of leased and purchased A321XLR and A321LR aircraft.

Icelandair selects RTX's Pratt & Whitney GTF™ engines to power up to 35 Airbus A320neo family aircraft

RTX Corporation used market weakness to increase shareholder value via repurchasing shares on the cheap in 2023. The company reported solid revenue growth and expects organic sales growth of at least 7% in 2024 leading to hitting FCF target of $7.5 billion in 2025. The stock only trades at 15x 2025 EPS targets set for a big boost.

RTX: Moving Beyond Engine Issue

RTX continues to benefit from the uncertain geopolitical landscape and returning passenger travel, as observed in the growing backlog over the next 20 years. The management also offers a promising FY2024 guidance, further demonstrating its profitable growth trend. Despite the growing reliance on debt, investors may be rest assured of its long-term prospects, for so long that RTX delivers its 2025 financial target and cost savings.

RTX Corporation Is Finally Fairly Valued - Still A Compelling Buy

RTX Corporation is a leading aerospace and defense company positioned to benefit from the growth of defense spending and the recovery of the aviation industry. The company has shown strong revenue growth and is expected to continue growing its EPS at an annual rate of ~10% in the medium term. RTX Corporation offers opportunities for growth in the commercial aerospace sector, defense sector, and through its investment in R&D for future innovation.

RTX Corporation: A Buy For 2024, Valuation Leaves Enough Margin For Safety

In February, the U.S. Pentagon informed Congress of a plan to sell missile-detection blimps to Poland. Costing multiple hundred million dollars each, these military blimps are, nonetheless, much cheaper than AWACS aircraft.

Why Is Poland Buying $1.2 Billion in Blimps from RTX Corp?

RTX is a well-positioned defense contractor and aviation equipment manufacturer with strong growth potential in both military and commercial sectors. The company's Collins Aerospace segment is experiencing growth in market share and aftermarket overhauling business, while Pratt & Whitney benefits from engine sales and maintenance visits. RTX expects to see increased demand for defense spending and aircraft upgrades, leading to significant growth in revenue and free cash flow.

RTX Capitalizes On Secular Trends To Drive Dividend Growth

RTX is financially sound and prepared to deal with the fallout from its Pratt and Whitney defects. Earnings growth could accelerate in the coming years.

News for Raytheon Technologies Stock (RTX)