Raytheon Technologies Corporation (RTX) is a technology and aerospace company that provides advanced systems and services for commercial, military, and government customers. The company was formed in 2020 through the merger of Raytheon Company and United Technologies Corporation.
Raytheon was founded in 1922 by Laurence K. Marshall, Vannevar Bush, and Charles G. Smith as the American Appliance Company. The company later changed its name to the Raytheon Manufacturing Company and started producing radio tubes. In the 1930s, the company began producing radar equipment for the military and by the 1950s, it had become a major defense contractor.
United Technologies Corporation (UTC) was founded in 1934 as United Aircraft Corporation through the merger of several aviation companies. The company later changed its name to United Technologies Corporation and expanded into other industries, including building systems, aerospace, and industrial products.
The combined company, Raytheon Technologies, operates through four business segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. Collins Aerospace Systems provides aerospace products and services, including aircraft engines, avionics, and aircraft interiors. Pratt & Whitney designs and manufactures aircraft engines and provides aftermarket services. Raytheon Intelligence & Space provides intelligence, surveillance, and cybersecurity solutions. Raytheon Missiles & Defense provides missiles, precision weapons, and other defense products and services.
In the latest quarterly results for the third quarter of 2021, Raytheon Technologies reported revenue of $17.6 billion, an increase of 8% from the same period in the previous year. The company reported net income of $1.3 billion, or $2.10 per share, an increase of 15% from the same period in the previous year. The company's performance was driven by strong demand for its aerospace products and services and improved performance in its defense businesses.
Overall, Raytheon Technologies is a leading technology and aerospace company with a diverse range of products and services for commercial, military, and government customers. The company has a strong track record of financial performance and is well-positioned for growth in the future.
Raytheon Technologies Corp, one of the hottest companies on the stock market, located at 10 farm springs road, farmington, ct, us specializes in the aircraft engines & engine parts industry. It is currently listed on the exchange NYSE in the country USA.
The company's last annual earnings report on 2022-09-30 showed that it had reached a market cap of 137,671,131,000 dollars.
If someone had invested $100 in Raytheon Technologies Corp 10 years ago, their investment would be worth roughly $92.08 today, according to If You Had Invested
If you had invested...
The stock price of a company is a reflection of the company's performance and for RTX, its stock has been burning. If you had invested $1,000 in Raytheon Technologies Corp 1 year ago and held onto your investment until today , here's what would have happened:
Your investment would now be worth roughly $859.77 today.
If you are looking for a company with a high dividend yield then Raytheon Technologies Corp has a dividend yield of 0.0235 making it a good dividend company to invest in. If you are going to buy some RTX stock for dividends make sure you buy before 2022-11-17
In terms of growth Raytheon Technologies Corp has been on the up and up with a Quarterly earnings growth rate of 0.016. At the same time revenue growth has been to the moon with a rate of 0.046.
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