RTX Corporation
Explore RTX
Core profile pages, annual revenue records, and related research hubs for this company.
RTX Corporation
Explore RTX
Core profile pages, annual revenue records, and related research hubs for this company.
Company History
Founded 2020 in Arlington, Virginia
RTX was formed in 2020 when Raytheon Company and United Technologies combined after UTC separated Carrier and Otis. The company inherited Raytheon defense electronics and missiles, Pratt & Whitney engines, and Collins Aerospace systems.
American Appliance Company, later Raytheon, was founded in Cambridge, Massachusetts.
Frederick Rentschler founded Pratt & Whitney Aircraft and built the Wasp engine franchise.
United Technologies acquired Rockwell Collins, creating Collins Aerospace and expanding aircraft systems scale.
Raytheon Company and United Technologies completed their merger after UTC spun off Carrier and Otis.
Raytheon Technologies adopted the RTX name while keeping Collins Aerospace, Pratt & Whitney, and Raytheon as operating businesses.
RTX reported $88.6 billion in 2025 sales and a $268 billion backlog across commercial and defense work.
RTX (formerly Raytheon Technologies) is a massive aerospace and defense conglomerate. It was created in 2020 through a historic 'merger of equals' between two absolute corporate titans: United Technologies Corporation (UTC) and the Raytheon Company.
Before the merger, UTC was a massive industrial conglomerate. They owned Pratt & Whitney (a massive jet engine manufacturer), Collins Aerospace (flight systems), Otis Elevator, and Carrier Air Conditioning. To execute the merger, UTC completely spun off Otis and Carrier into separate, independent companies.
Raytheon was a legendary, massive defense contractor founded in 1922. They were the absolute global leaders in advanced radar, missile defense systems (like the Patriot missile), and hypersonic weapons, heavily reliant on massive Pentagon contracts.
Scale and survival. The CEOs (Greg Hayes of UTC and Tom Kennedy of Raytheon) realized that commercial aviation (airlines) and defense (missiles) operate on different financial cycles. By merging, they created a massive, highly diversified $70 billion behemoth capable of surviving a recession in either sector.
In 2023, the company officially rebranded from 'Raytheon Technologies' to simply 'RTX.' The rebranding was a highly calculated move to signal that the massive integration of the two legacy companies was complete, unifying the three massive divisions under a single, modern corporate identity.