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

Analyst ratings and price targets

Last 3 months
Current price
Average target
$106.50
Low target
$98.00
High target
$115.00
Wells Fargo
Maintains
Equal-Weight
$98.00
27 Jul 22
RBC Capital
Maintains
Outperform
$115.00
27 Jul 22

Calendar

26 Jul 22
12 Aug 22
31 Dec 22
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

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
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%

Financial report summary

?
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.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: DHS, DOMino, Homeland, indemnification, party, Tomahawk
Removed: depreciation, unit, working

Patents

Utility
Powder Evacuation Systems
11 Aug 22
An additive manufacturing system includes a build chamber housing a recoater and a sintering laser.
Utility
Multi-functional Interface/surface Layer for Thermoplastic Components
11 Aug 22
A joint between dissimilar thermoplastic materials comprising a first thermoplastic material layer; a second thermoplastic material layer having a melting point temperature different from a melting point temperature of the first thermoplastic material layer; and an interface layer coupled between the first thermoplastic material layer and the second thermoplastic material layer; wherein the interface layer is configured to join the first thermoplastic material layer and the second thermoplastic material layer together to form the joint, wherein the interface layer comprises a melting point temperature having a value selected from the group consisting of between the melting point temperature of the first thermoplastic material layer and the melting point temperature of the second thermoplastic material layer; or lower than the melting point temperature of the first thermoplastic material layer and the melting point temperature of the second thermoplastic material layer.
Utility
Actuator Assembly
11 Aug 22
An actuator system includes a motor and an actuator positioning member to be driven by the motor from a start position to an actuated position.
Utility
Rotor Stack Bushing with Adaptive Temperature Metering for a Gas Turbine Engine
11 Aug 22
A rotor stack for a gas turbine engine includes a first rotor disk with a first rotor spacer arm, the first rotor spacer arm having a first flange with an outboard flange surface and an inboard flange surface, a first hole along an axis through the first flange, the first hole having a counterbore in the outboard flange surface; a second rotor disk with a web having a second hole along the axis; a third rotor disk with a third rotor spacer arm, the third rotor spacer arm having a third flange with an outboard flange surface and an inboard flange surface, a third hole along the axis through the third flange, the third hole having a counterbore in the inboard flange surface; and a bushing with a tubular body and a flange that extends therefrom, the tubular body comprising at least one axial groove along an outer diameter thereof, the bushing extends through the first hole, the second hole and partially into the counterbore in the inboard flange surface of the third hole.
Utility
Tail Cone Mounted Generator Input Shaft for an Aircraft
11 Aug 22
A jet engine includes a housing, an intake portion leading into the housing, and an exhaust portion leading from the housing.