Raytheon Technologies (RTX)

Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With four industry-leading businesses ― Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense ― the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics, and quantum physics. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts.

Company profile

Ticker

RTX

Exchange

NYSE

Website

www.rtx.com

CEO

Gregory Hayes

Incorporated

Delaware

Location

Massachusetts

Fiscal year end

Dec 31

Sector

Manufacturing > Aircraft Engine and Engine Parts Manufacturing

Industry (SIC)

Aircraft Engines & Engine Parts

Honeywell International • Heico • Tat Technologies • SIFCO Industries ...

Former names

UNITED TECHNOLOGIES CORP /DE/

SEC CIK

0000101829

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

B/E Aerospace (UK) Limited • B/E Aerospace B.V. • B/E Aerospace, Inc. • Commonwealth Luxembourg Holdings • Delancey Limited Partnership • Eagle Services Asia Private Limited • Goodrich Actuation Systems Limited • Goodrich Actuation Systems SAS • Goodrich Aerospace Canada Ltd • Goodrich Corporation ...

IRS number

60570975

RTX stock data

1M 1Y 5Y

News

From Benzinga Pro

RBC Capital Maintains Outperform Rating for Raytheon Technologies: Here's What You Need To Know

27 Jul 22

RBC Capital has decided to maintain its Outperform rating of Raytheon Technologies (NYSE:RTX) and lower its price target from $125.00 to $115.00. Shares of Raytheon Technologies are trading up 0.05% over the last 24 hours, at $90.29 per share.

Raytheon Technologies Earnings Perspective: Return On Invested Capital

27 Jul 22

According to Benzinga Pro, during Q2, Raytheon Technologies (NYSE:RTX) earned $1.34 billion, a 20.87% increase from the preceding quarter. Raytheon Technologies also posted a total of $16.31 billion in sales, a 3.81% increase since Q1.

Wells Fargo Maintains Equal-Weight on Raytheon Technologies, Lowers Price Target to $98

27 Jul 22

Wells Fargo analyst Matthew Akers maintains Raytheon Technologies (NYSE:RTX) with a Equal-Weight and lowers the price target from $106 to $98.

RBC Capital Maintains Outperform on Raytheon Technologies, Lowers Price Target to $115

27 Jul 22

Raytheon Slips On Q2 Top-Line Miss, Warning On Supply Chain & Inflation Issues

26 Jul 22

Press releases

From Benzinga Pro

Raytheon Technologies venture capital group invests in VerdeGo Aero

27 Jul 22

Investment in hybrid-electric propulsion innovator to accelerate transformational technologies for advanced air mobility applications ARLINGTON, Va., July 27, 2022 /PRNewswire/ -- Raytheon Technologies' (NYSE:RTX)

Raytheon Technologies Reports Q2 2022 Results

26 Jul 22

Commercial Aerospace continues to drive sales and EPS growth; Q2 defense book-to-bill of 1.35 ARLINGTON, Va., July 26, 2022 /PRNewswire/ -- Raytheon Technologies Corporation (NYSE:RTX) reported second quarter 2022

Raytheon Missiles & Defense, Northrop Grumman complete second hypersonic weapon flight test

18 Jul 22

Test shows maturation of operationally relevant weapon concept TUCSON, Ariz., July 18, 2022 /PRNewswire/ -- Raytheon Missiles & Defense, a Raytheon Technologies (NYSE:RTX) business, in partnership with Northrop

Raytheon Technologies to release second quarter results on July 26, 2022

5 Jul 22

Raytheon Intelligence & Space demonstrates critical Joint All Domain Command and Control capability for U.S. military

28 Jun 22

Analyst ratings and price targets

Last 3 months

Average target

$106.50

Low target

$98.00

High target

$115.00

Calendar

26 Jul 22

12 Aug 22

31 Dec 22

Financial summary

Financial statements Chart RTX financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	4.83B	4.83B	4.83B	4.83B	4.83B	4.83B
Cash burn (monthly)	416.33M	270.67M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	602.69M	391.82M	n/a	n/a	n/a	n/a
Cash remaining	4.23B	4.44B	n/a	n/a	n/a	n/a
Runway (months of cash)	10.2	16.4	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

RTX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
25 Apr 22	O'Sullivan Margaret L.	Phantom Stock Unit Common Stock	Grant	Acquire A	No	No	99.61	1,867.282	186K	11,144.331
25 Apr 22	Pawlikowski Ellen M	Phantom Stock Unit Common Stock	Grant	Acquire A	No	No	99.61	2,047.987	204K	7,683.438
25 Apr 22	Paliwal Dinesh C	Phantom Stock Unit Common Stock	Grant	Acquire A	No	No	99.61	3,915.27	390K	14,747.901
25 Apr 22	George Oliver	Phantom Stock Unit Common Stock	Grant	Acquire A	No	No	99.61	1,867.282	186K	6,984.257
25 Apr 22	Bernard A Harris Jr	Phantom Stock Unit Common Stock	Grant	Acquire A	No	No	99.61	2,047.987	204K	4,625.267

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

RTX institutional ownership history Ownership history

0.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	2	4	-50.0%
Opened positions	1	1	–
Closed positions	3	4	-25.0%
Increased positions	0	0
Reduced positions	0	1	EXIT

13F shares	Current	Prev Q	Change
Total value	573K	6.43M	-91.1%
Total shares	6.33K	73.35K	-91.4%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Westport Asset Management	4.13K	$355K	0.0%
Bennicas & Associates	2.2K	$218K	NEW

Largest transactions	Shares	Bought/sold	Change
Cohen Capital Management	0	-64.1K	EXIT
Winning Points Advisors	0	-2.6K	EXIT
New England Research & Management	0	-2.53K	EXIT
Bennicas & Associates	2.2K	+2.2K	NEW
Westport Asset Management	4.13K	0	0.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Boeing • Esterline Technologies • Taylor Devices • Breeze-eastern • L3Harris • Parsons • Honeywell International • Viasat • AAON • Johnson Controls International plc - Registered Shares

Management Discussion

(1) See “Segment Review” above for definition of organic. A reconciliation of this measure to the reported U.S. GAAP amount is provided in the table above.
Organic sales in the quarter ended June 30, 2022 were relatively consistent with the quarter ended June 30, 2021. Included in the organic change in sales were lower Command, Control and Communications sales of $0.1 billion primarily driven by an anticipated decrease in production volumes on certain tactical communications systems programs, and lower Sensing and Effects sales driven by a decrease in surveillance and targeting systems due to lower production volume, partially offset by an increase in Cyber, Training and Services sales on certain classified cyber programs.
The decrease in operating profit of $100 million, and the related decrease in operating profit margins, in the quarter ended June 30, 2022 compared to the quarter ended June 30, 2021, were primarily due to the net unfavorable change in EAC adjustments of $54 million, which was spread across numerous programs and includes unfavorable adjustments on certain development programs, as well as acquisitions / divestitures, net. Included in mix and other performance is an $18 million gain on a real estate transaction in the quarter ended June 30, 2021.