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RTX Raytheon Technologies

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
Website
CEO
Gregory Hayes
Employees
Incorporated
Location
Fiscal year end
Former names
UNITED TECHNOLOGIES CORP /DE/
SEC CIK
IRS number
60570975

RTX stock data

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Calendar

27 Jul 21
2 Aug 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 8.08B 8.08B 8.08B 8.08B 8.08B 8.08B
Cash burn (monthly) 178.67M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 199.64M n/a n/a n/a n/a n/a
Cash remaining 7.88B n/a n/a n/a n/a n/a
Runway (months of cash) 44.1 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jul 21 Ortberg Robert Kelly Common Stock Sell Dispose S No Yes 85.2506 42,570 3.63M 59,133.507
15 Jul 21 Ortberg Robert Kelly Common Stock Sell Dispose S No Yes 84.7453 17,430 1.48M 101,703.507
1 Jun 21 Michael R Dumais Common Stock Sell Dispose S No No 88.9804 6,000 533.88K 50,374
24 May 21 Michael R Dumais Common Stock Sale back to company Dispose D No No 86.23 11,924 1.03M 56,374
24 May 21 Michael R Dumais Common Stock Sell Dispose S No No 86.2702 4,552 392.7K 68,298
24 May 21 Michael R Dumais Common Stock Option exercise Aquire M No No 62.41 16,476 1.03M 72,850
24 May 21 Michael R Dumais Stock Appreciation Right Common Stock Option exercise Dispose M No No 62.41 16,476 1.03M 0
21 May 21 Jimenez Frank R Common Stock Sell Dispose S No No 85.97 1,400 120.36K 50,898
20 May 21 Michael R Dumais Common Stock Sale back to company Dispose D No No 84.6 13,278 1.12M 56,374
20 May 21 Michael R Dumais Common Stock Sell Dispose S No No 84.637 4,722 399.66K 69,652

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change

Financial report summary

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Risks
  • Our Business May be Adversely Affected by Changes in Global Economic, Capital Market and Political Conditions.
  • Coronavirus Disease 2019 (COVID-19) Has Affected and Will Continue to Affect Our Business, Supply Chains, Operations and the Industries in which We Operate.
  • Changes in U.S. Government Defense Spending Could Negatively Impact Our Financial Position, Results of Operations, Liquidity and Overall Business.
  • We Face Risks Relating to Our U.S. Government Contracts and the Mix of Our U.S. Government Contracts and Programs that Could Negatively Impact our Financial Condition, Results of Operations, Liquidity and Overall Business.
  • Our International Operations Subject Us to Economic Risk As Our Results of Operations and Liquidity May Be Adversely Affected by Changes in Foreign Currency Fluctuations, Economic Conditions, Political Factors, Trade Policies, Sales Methods, and Changes in Local Government Regulation.
  • Our Financial Performance Is Dependent on the Condition of the Aerospace Industry.
  • We Design, Manufacture and Service Products that Incorporate Advanced Technologies; The Introduction of New Products and Technologies Involves Risks and We May Not Realize the Degree or Timing of Benefits Initially Anticipated; Competition May Reduce Our Revenues and Segment Share and Limit Our Future Opportunities.
  • We Use a Variety of Raw Materials, Supplier-Provided Parts, Components, Sub-Systems and Contract Manufacturing Services in Our Businesses, and Significant Shortages, Supplier Capacity Constraints, Supplier Production Disruptions or Price Increases Could Increase Our Operating Costs and Adversely Impact the Competitive Positions of Our Products.
  • Exports and Imports of Certain of Our Products Are Subject to Various Export Control, Sanctions and Import Regulations and May Require Authorization From the U.S. Department of State, the U.S. Department of Commerce, the U.S. Department of the Treasury, the U.S. Department of Homeland Security, the U.S. Department of Justice or Regulatory Agencies of Other Countries.
  • Our Products Must Meet or Exceed Stringent Performance and Reliability Standards.
  • We Depend On the Recruitment and Retention of Qualified Personnel, and Our Failure to Attract, Train and Retain Such Personnel and to Maintain our Corporate Culture and High Ethical Standards Could Seriously Harm Our Business.
  • Our Business and Financial Performance May Be Adversely Affected By Cyber-attacks on Information Technology Infrastructure and Products
  • Our Business and Financial Performance May Be Adversely Affected By Threats to Our Physical Security and Other Events Outside Our Control
  • We Depend On Our Intellectual Property, and Have Access to Certain Intellectual Property and Information of Our Customers and Suppliers; Infringement or Failure to Protect Our Intellectual Property Could Adversely Affect Our Future Growth and Success.
  • As a U.S. Government Contractor, We are Subject to Risks Relating to U.S. Government Audits, Investigations, and Disputes.
  • We Are Subject to Litigation, Environmental, Product Safety and Reliability, Anti-Corruption and Other Legal and Compliance Risks.
  • We Use Estimates in Accounting For Many of Our Programs, and Changes in our Estimates Could Adversely Affect Our Future Financial Results.
  • Significant Changes in Key Estimates and Assumptions, Such as Discount Rates and Assumed Long-term Return on Plan Assets (ROA), as well as Our Actual Investment Returns on Our Pension Plan Assets and Other Actuarial Factors, Could Affect Our Earnings, Equity and Pension Contributions in Future Periods.
  • Additional Tax Expense or Additional Tax Exposures Could Affect Our Future Profitability.
  • Goodwill and Other Intangible Assets Represent a Significant Portion of Our Assets, and Any Impairment of These Assets Could Negatively Impact Our Results of Operations and Financial Condition.
  • We May Be Unable to Realize Expected Benefits From Our Cost Reduction and Restructuring Efforts and Our Profitability May Be Hurt or Our Business Otherwise Might Be Adversely Affected.
  • We May Be Unable to Successfully Integrate the Legacy Businesses of United Technologies Corporation (UTC) and Raytheon and Realize the Anticipated Benefits of the Raytheon Merger.
  • We May Not Be Able to Engage in Desirable Capital-Raising or Strategic Transactions.
  • If Either Distribution, Together with Certain Related Transactions, Were to Fail to Qualify as a Transaction that is Generally Tax-Free, Including as a Result of Subsequent Acquisitions of Our Stock (Including Pursuant to the Raytheon Merger) or the Stock of Carrier or Otis, We Could Be Subject to Significant Tax Liabilities.
  • If We Fail to Manage Potential Future Acquisitions, Investments, Divestitures, Joint Ventures and Other Transactions Successfully, These Activities Could Adversely Affect Our Future Financial Results.
  • Quarterly Cash Dividends and Share Repurchases Are Subject to a Number of Uncertainties, and May Affect the Price of Our Common Stock.
Management Discussion
  • (1)    We provide the organic change in net sales for our segments. We believe that this measure is useful to investors because it provides transparency to the underlying performance of our business, which allows for better year-over-year comparability. The organic change excludes acquisitions and divestitures, net, and the effect of foreign currency exchange rate translation fluctuations and other significant non-recurring and non-operational items (“Other”). A reconciliation of this measure to the reported U.S. GAAP amount is provided in the table above.
  • The organic sales increase of $165 million in the quarter ended June 30, 2021 compared to the quarter ended June 30, 2020 was primarily driven by higher net sales of $64 million on certain Airborne Intelligence, Surveillance and Reconnaissance (ISR) programs within sensing and effects primarily due to increased production driven by customer demand, and higher volume of $45 million on certain classified cyber programs within cyber, training and services primarily due to increases in customer-determined activity levels.
  • The increase in operating profit of $106 million and the related increase in operating profit margins in the quarter ended June 30, 2021 compared to the quarter ended June 30, 2020, was primarily due to the net change in EAC adjustments of $53 million, which was spread across numerous programs and primarily a result of the Raytheon Merger and the associated reset to zero percent complete for contracts accounted for on a percentage of completion basis. Included in mix and other performance is a $18 million gain on a real estate transaction in the quarter ended June 30, 2021.
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