false000010182900001018292024-10-222024-10-220000101829us-gaap:CommonStockMember2024-10-222024-10-220000101829rtx:Notes2.150Due2030Member2024-10-222024-10-22

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________ 
FORM 8-K
____________________________________ 

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 22, 2024
____________________________________ 
RTX CORPORATION
(Exact name of registrant as specified in its charter)
____________________________________ 
Delaware001-0081206-0570975
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
1000 Wilson Boulevard,Arlington,Virginia22209
(Address of principal executive offices, including zip code)
(781)522-3000
(Registrant's telephone number, including area code)

(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock ($1 par value)RTXNew York Stock Exchange
(CUSIP 75513E 101)
2.150% Notes due 2030RTX 30New York Stock Exchange
(CUSIP 75513E AB7)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company   



If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ¨
Section 2—Financial Information
Item 2.02. Results of Operations and Financial Condition.
On October 22, 2024, RTX Corporation (the “Company”) issued a press release announcing its third quarter 2024 results.
The press release issued October 22, 2024 is furnished herewith as Exhibit No. 99 to this Report, and shall not be deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section and shall not be deemed to be incorporated by reference into any filing by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Section 9—Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number
Exhibit Description
104Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.





SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
RTX CORPORATION
(Registrant)
Date: October 22, 2024
By:/s/ NEIL G. MITCHILL JR.
Neil G. Mitchill Jr.
Executive Vice President and Chief Financial Officer


Exhibit 99
rtx-logo_rgbxblack.jpg
Media Contact
202.384.2474
Investor Contact
781.522.5123


RTX Reports Third Quarter 2024 Results

RTX delivers strong operational performance;
Increases 2024 outlook for adjusted sales* and adjusted EPS*

ARLINGTON, Va., October 22, 2024 – RTX (NYSE: RTX) reported third quarter 2024 results.

Third quarter 2024
Reported sales of $20.1 billion
Adjusted sales* of $20.1 billion, up 6 percent versus prior year, and up 8 percent organically* excluding the divestiture of the Cybersecurity, Intelligence and Services business
GAAP EPS was $1.09 and included $0.31 of acquisition accounting adjustments and $0.05 of restructuring and other net significant and/or non-recurring charges
Adjusted EPS* of $1.45, up 16 percent versus prior year
Operating cash flow of $2.5 billion; Free cash flow* of $2.0 billion
Company backlog of $221 billion; including $131 billion of commercial and $90 billion of defense
Returned $1.1 billion of capital to shareowners, returning over $32 billion since the merger
Realized $90 million of incremental RTX gross cost synergies, achieving the $2 billion post-merger target

Updates outlook for full year 2024
Adjusted sales* of $79.25 - $79.75 billion, up from $78.75 - $79.5 billion
Adjusted EPS* of $5.50 - $5.58, up from $5.35 - $5.45
Confirms free cash flow* of approximately $4.7 billion

“RTX delivered another strong quarter of organic sales* growth, adjusted segment margin* expansion, and free cash flow*,” said RTX President and CEO Chris Calio. “Demand across our portfolio, particularly within commercial aftermarket and defense, remains robust and gives us the confidence to again raise our full year outlook for adjusted sales* and adjusted EPS*.”

“With a record $221 billion backlog, we are focused on executing our strategic priorities to drive best-in-class performance, deliver for our customers and create long-term shareowner value.”













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*Adjusted net sales (also referred to as adjusted sales), organic sales, adjusted operating profit (loss) and margin, adjusted segment operating profit (loss) and margin, adjusted net income, adjusted earnings per share (“EPS”), adjusted effective tax rate and free cash flow are non-GAAP financial measures. When we provide our expectation for adjusted net sales (also referred to as adjusted sales), adjusted EPS and free cash flow on a forward-looking basis, a reconciliation of these non-GAAP financial measures to the corresponding GAAP measures (expected diluted EPS and expected cash flow from operations) is not available without unreasonable effort due to potentially high variability, complexity, and low visibility as to the items that would be excluded from the GAAP measure in the relevant future period, such as unusual gains and losses, the ultimate outcome of pending litigation, fluctuations in foreign currency exchange rates, the impact and timing of potential acquisitions and divestitures, and other structural changes or their probable significance. The variability of the excluded items may have a significant, and potentially unpredictable, impact on our future GAAP results. See “Use and Definitions of Non-GAAP Financial Measures” below for information regarding non-GAAP financial measures.

.



Third quarter 2024
RTX reported third quarter sales of $20.1 billion. Adjusted sales* were $20.1 billion, up 6 percent over the prior year. GAAP EPS of $1.09 included $0.31 of acquisition accounting adjustments, and $0.05 of restructuring and other net significant and/or non-recurring charges. Adjusted EPS* of $1.45 was up 16 percent versus the prior year.

The company reported net income attributable to common shareowners in the third quarter of $1.5 billion which included $418 million of acquisition accounting adjustments, and $58 million of restructuring and other net significant and/or non-recurring charges. Adjusted net income* of $1.9 billion was up 7 percent versus the prior year driven by growth in adjusted segment operating profit* and a lower effective tax rate. This increase was partially offset by higher interest expense and lower pension income. Operating cash flow in the third quarter was $2.5 billion. Capital expenditures were $552 million, resulting in free cash flow* of $2.0 billion.

The prior year reported results included a charge related to the previously disclosed Pratt powder metal matter which reduced sales by $5.4 billion, net income by $2.2 billion, and GAAP EPS by $1.53.

Summary Financial Results – Operations Attributable to Common Shareowners
3rd Quarter
($ in millions, except EPS)20242023% Change
Reported
Sales$20,089 $13,464 49 %
Net Income (Loss)$1,472 $(984)250 %
EPS$1.09 $(0.68)260 %
Adjusted*
Sales$20,089 $18,952 %
Net Income$1,948 $1,822 %
EPS$1.45 $1.25 16 %
Operating Cash Flow$2,523 $3,316 (24)%
Free Cash Flow*$1,971 $2,752 (28)%







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Segment Results

Collins Aerospace
3rd Quarter
($ in millions)20242023% Change
Reported
Sales$7,075 $6,629 %
Operating Profit$1,062 $903 18 %
ROS15.0 %13.6 %140 bps
Adjusted*
Sales$7,075 $6,686 %
Operating Profit$1,096 $1,043 %
ROS15.5 %15.6 %(10)bps

Collins Aerospace had third quarter 2024 reported sales of $7,075 million, up 7 percent versus the prior year. The increase in sales was driven by a 14 percent increase in defense and a 9 percent increase in commercial aftermarket, partially offset by an 8 percent decrease in commercial OE. The increase in defense sales was driven by higher volume across multiple programs, and the increase in commercial aftermarket sales was driven by continued growth in commercial air traffic, including higher flight hours. The decrease in commercial OE sales was driven by lower narrowbody volume. Adjusted sales* of $7,075 million, were up 6 percent versus the prior year.

Collins Aerospace reported operating profit of $1,062 million, up 18 percent versus the prior year. The increase in operating profit was driven by drop through on higher commercial aftermarket and defense volume. This increase was partially offset by lower commercial OE volume, unfavorable commercial OE mix, and higher R&D expense. Q3 2024 benefited from the absence of a $57 million charge related to a litigation matter in the prior year, as well as lower restructuring costs. On an adjusted basis, operating profit* of $1,096 million was up 5 percent versus the prior year.

Pratt & Whitney
3rd Quarter
($ in millions)20242023% Change
Reported
Sales$7,239 $926 NM
Operating Profit (Loss)$557 $(2,482)NM
ROS7.7 %NMNM
Adjusted*
Sales$7,239 $6,327 14 %
Operating Profit$597 $413 45 %
ROS8.2 %6.5 %170 bps
NM = Not Meaningful

Pratt & Whitney had third quarter 2024 reported sales of $7,239 million. Adjusted sales* of $7,239 million, were up 14 percent versus the prior year driven by a 13 percent increase in commercial aftermarket, a 20 percent increase in military, and a 9 percent increase in commercial OE. The increase in commercial sales was driven by higher






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aftermarket volume, as well as favorable OE mix in Large Commercial Engines. The increase in military sales was driven by higher sustainment volume across the F135 and F117 platforms, as well as higher development volume driven by the F135 Engine Core Upgrade program.

Pratt & Whitney reported operating profit of $557 million, up versus the prior year. Operationally, the increase was driven by drop through on higher commercial aftermarket and military volume. Favorable mix and lower OE delivery volume in Large Commercial Engines were offset by higher production costs. On an adjusted basis, operating profit* of $597 million, was up 45 percent versus the prior year.

The prior year reported results included a charge related to the previously disclosed powder metal matter which reduced sales by $5,401 million and operating profit by $2,888 million.

Raytheon
3rd Quarter
($ in millions)20242023% Change
Reported
Sales$6,386 $6,472 (1)%
Operating Profit$647 $560 16 %
ROS10.1 %8.7 %140 bps
Adjusted*
Sales$6,386 $6,472 (1)%
Operating Profit$661 $570 16 %
ROS10.4 %8.8 %160 bps

Raytheon had third quarter 2024 reported sales of $6,386 million, down 1 percent versus prior year. Higher volume on land and air defense systems, including Global Patriot, NASAMS and counter-UAS programs, as well as higher volume on advanced technology programs was more than offset by the impact from the divestiture of the Cybersecurity, Intelligence and Services business completed in the first quarter of 2024 and lower volume on air and space defense systems. Excluding the impact of the divestiture, sales were up 5 percent versus prior year*.

Raytheon reported operating profit of $647 million, up 16 percent versus the prior year. Favorable mix, improved net productivity, and drop through on higher volume was partially offset by the impact from the divestiture of the Cybersecurity, Intelligence and Services business. On an adjusted basis, operating profit* of $661 million was up 16 percent versus the prior year.

About RTX
With more than 185,000 global employees, RTX pushes the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2023 sales of $69 billion, is headquartered in Arlington, Virginia.







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Conference Call on the Third Quarter 2024 Financial Results
RTX’s financial results conference call will be held on Tuesday, October 22, 2024 at 8:30 a.m. ET. The conference call will be webcast live on the company's website at www.rtx.com and will be available for replay following the call. The corresponding presentation slides will be available for downloading prior to the call.

Use and Definitions of Non-GAAP Financial Measures
RTX Corporation (“RTX” or “the Company”) reports its financial results in accordance with accounting principles generally accepted in the United States (“GAAP”). We supplement the reporting of our financial information determined under GAAP with certain non-GAAP financial information. The non-GAAP information presented provides investors with additional useful information but should not be considered in isolation or as substitutes for the related GAAP measures. We believe that these non-GAAP measures provide investors with additional insight into the Company’s ongoing business performance. Other companies may define non-GAAP measures differently, which limits the usefulness of these measures for comparisons with such other companies. We encourage investors to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. A reconciliation of the non-GAAP measures to the corresponding amounts prepared in accordance with GAAP appears in the tables in this Appendix. Certain non-GAAP financial adjustments are also described in this Appendix. Below are our non-GAAP financial measures:

Non-GAAP measure
Definition
Adjusted net sales / Adjusted sales
Represents consolidated net sales (a GAAP measure), excluding net significant and/or non-recurring items1 (hereinafter referred to as “net significant and/or non-recurring items”).
Organic sales
Organic sales represents the change in consolidated net sales (a GAAP measure), excluding the impact of foreign currency translation, acquisitions and divestitures completed in the preceding twelve months and net significant and/or non-recurring items.
Adjusted operating profit (loss) and margin

Adjusted operating profit (loss) represents operating profit (loss) (a GAAP measure), excluding restructuring costs, acquisition accounting adjustments and net significant and/or non-recurring items. Adjusted operating profit margin represents adjusted operating profit (loss) as a percentage of adjusted net sales.
Segment operating profit (loss) and margin

Segment operating profit (loss) represents operating profit (loss) (a GAAP measure) excluding Acquisition Accounting Adjustments2, the FAS/CAS operating adjustment3, Corporate expenses and other unallocated items, and Eliminations and other. Segment operating profit margin represents segment operating profit (loss) as a percentage of segment sales (net sales, excluding Eliminations and other).
Adjusted segment sales
Represents consolidated net sales (a GAAP measure) excluding eliminations and other and net significant and/or non-recurring items.
Adjusted segment operating profit (loss) and margin

Adjusted segment operating profit (loss) represents segment operating profit (loss) excluding restructuring costs, and net significant and/or non-recurring items. Adjusted segment operating profit margin represents adjusted segment operating profit (loss) as a percentage of adjusted segment sales (adjusted net sales excluding Eliminations and other).
Adjusted net income
Adjusted net income represents net income (a GAAP measure), excluding restructuring costs, acquisition accounting adjustments and net significant and/or non-recurring items.
Adjusted earnings per share (EPS)
Adjusted EPS represents diluted earnings per share (a GAAP measure), excluding restructuring costs, acquisition accounting adjustments and net significant and/or non-recurring items.






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Adjusted effective tax rate
Adjusted effective tax rate represents the effective tax rate (a GAAP measure), excluding the tax impact of restructuring costs, acquisition accounting adjustments and net significant and/or non-recurring items.
Free cash flow

Free cash flow represents cash flow from operations (a GAAP measure) less capital expenditures. Management believes free cash flow is a useful measure of liquidity and an additional basis for assessing RTX’s ability to fund its activities, including the financing of acquisitions, debt service, repurchases of RTX’s common stock and distribution of earnings to shareowners.
1 Net significant and/or non-recurring items represent significant nonoperational items and/or significant operational items that may occur at irregular intervals.

2 Acquisition Accounting Adjustments include the amortization of acquired intangible assets related to acquisitions, the amortization of the property, plant and equipment fair value adjustment acquired through acquisitions, the amortization of customer contractual obligations related to loss making or below market contracts acquired, and goodwill impairment, if applicable.

3 The FAS/CAS operating adjustment represents the difference between the service cost component of our pension and postretirement benefit (PRB) expense under the Financial Accounting Standards (FAS) requirements of GAAP and our pension and PRB expense under U.S. government Cost Accounting Standards (CAS) primarily related to our Raytheon segment.

When we provide our expectation for adjusted net sales (also referred to as adjusted sales), organic sales, adjusted operating profit (loss) and margin, adjusted segment operating profit (loss) and margin, adjusted EPS, adjusted effective tax rate, and free cash flow, on a forward-looking basis, a reconciliation of the differences between the non-GAAP expectations and the corresponding GAAP measures, as described above, generally are not available without unreasonable effort due to potentially high variability, complexity, and low visibility as to the items that would be excluded from the GAAP measure in the relevant future period, such as unusual gains and losses, the ultimate outcome of pending litigation, fluctuations in foreign currency exchange rates, the impact and timing of potential acquisitions and divestitures, and other structural changes or their probable significance. The variability of the excluded items may have a significant, and potentially unpredictable, impact on our future GAAP results.

Cautionary Statement Regarding Forward-Looking Statements This press release contains statements which, to the extent they are not statements of historical or present fact, constitute “forward-looking statements” under the securities laws. From time to time, oral or written forward-looking statements may also be included in other information released to the public. These forward-looking statements are intended to provide RTX Corporation (“RTX”) management’s current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid and are not statements of historical fact. Forward-looking statements can be identified by the use of words such as “believe,” “expect,” “expectations,” “plans,” “strategy,” “prospects,” “estimate,” “project,” “target,” “anticipate,” “will,” “should,” “see,” “guidance,” “outlook,” “goals,” “objectives,” “confident,” “on track,” “designed to” and other words of similar meaning. Forward-looking statements may include, among other things, statements relating to future sales, earnings, cash flow, results of operations, uses of cash, share repurchases, tax payments and rates, research and development spending, cost savings, other measures of financial performance, potential future plans, strategies or transactions, credit ratings and net indebtedness, the Pratt powder metal matter and related matters and activities, including without limitation other engine models that may be impacted, the merger (the “merger”) between United Technologies Corporation (“UTC”) and Raytheon Company (“Raytheon”) or the spin-offs by UTC of Otis Worldwide Corporation and Carrier Global Corporation into separate independent companies (the “separation transactions”) in 2020, targets and commitments (including for share repurchases or otherwise), and other statements that are not solely historical facts. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the U.S. Private Securities Litigation Reform Act of 1995. Such risks, uncertainties and other factors include, without limitation: (1) the effect of changes in economic, capital market and political conditions in the U.S. and globally, such as from the global sanctions and export controls with respect to Russia, and any changes therein, and including changes related to financial market conditions, banking industry disruptions, fluctuations in commodity prices or supply (including energy supply), inflation, interest rates and foreign currency exchange rates, disruptions in global supply chain






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and labor markets, and geopolitical risks, including in the middle east and Ukraine; (2) risks associated with U.S. government sales, including changes or shifts in defense spending due to budgetary constraints, spending cuts resulting from sequestration, a continuing resolution, a government shutdown, the debt ceiling or measures taken to avoid default, or otherwise, the effect of the outcome of the November 2024 elections, and uncertain funding of programs; (3) risks relating to our performance on our contracts and programs, including our ability to control costs, and our inability to pass some or all of our costs on fixed price contracts to the customer, and risks related to our dependence on U.S. government approvals for international contracts, and risks related to any termination of these contracts or programs, including the outcome of such terminations and related payments; (4) challenges in the development, production, delivery, support, and performance of RTX advanced technologies and new products and services and the realization of the anticipated benefits (including our expected returns under customer contracts), as well as the challenges of operating in RTX’s highly-competitive industries; (5) risks relating to RTX’s reliance on U.S. and non-U.S. suppliers and commodity markets, including the effect of sanctions, delays and disruptions in the delivery of materials and services to RTX or its suppliers and price increases; (6) risks relating to RTX international operations from, among other things, changes in trade policies and implementation of sanctions, foreign currency fluctuations, economic conditions, political factors, sales methods, and U.S. or local government regulations; (7) the condition of the aerospace industry; (8) the ability of RTX to attract, train and retain qualified personnel and maintain its culture and high ethical standards, and the ability of our personnel to continue to operate our facilities and businesses around the world; (9) the scope, nature, timing and challenges of managing acquisitions, investments, divestitures and other transactions, including the realization of synergies and opportunities for growth and innovation, the assumption of liabilities and other risks and incurrence of related costs and expenses, and risks related to completion of announced divestitures; (10) compliance with legal, environmental, regulatory and other requirements, including, among other things, export and import requirements such as the International Traffic in Arms Regulations and the Export Administration Regulations, anti-bribery and anticorruption requirements, such as the Foreign Corrupt Practices Act, industrial cooperation agreement obligations, and procurement and other regulations in the U.S. and other countries in which RTX and its businesses operate; (11) the outcome of pending, threatened and future legal proceedings, investigations, and other contingencies (including the ultimate outcome of those certain legacy legal matters described above), including those related to U.S. government audits and disputes and the potential for suspension or debarment of U.S. government contracting or export privileges as a result thereof; (12) factors that could impact RTX’s ability to engage in desirable capital-raising or strategic transactions, including its credit rating, capital structure, levels of indebtedness and related obligations, capital expenditures and research and development spending, and capital deployment strategy including with respect to share repurchases, and the availability of credit, borrowing costs, credit market conditions, and other factors; (13) uncertainties associated with the timing and scope of future repurchases by RTX of its common stock or declarations of cash dividends, which may be discontinued, accelerated, suspended or delayed at any time due to various factors, including market conditions and the level of other investing activities and uses of cash; (14) risks relating to realizing expected benefits from, incurring costs for, and successfully managing, strategic initiatives such as cost reduction, restructuring, digital transformation and other operational initiatives; (15) risks of additional tax exposures due to new tax legislation or other developments, in the U.S. and other countries in which RTX and its businesses operate; (16) risks relating to addressing the identified rare condition in powder metal used to manufacture certain Pratt & Whitney engine parts requiring accelerated removals and inspections of a significant portion of the PW1100G-JM Geared Turbofan (GTF) fleet, including, without limitation, the number and expected timing of shop visits, inspection results and scope of work to be performed, turnaround time, availability of new parts, available capacity at overhaul facilities, outcomes of negotiations with impacted customers, and risks related to other engine models that may be impacted by the powder metal matter, and in each case the timing and costs relating thereto, as well as other issues that could impact RTX product performance, including quality, reliability or durability; (17) changes in production volumes of one or more of our significant customers as a result of business, labor, or other challenges, and the resulting effect on its or their demand for our products and services; (18) risks relating to a RTX product safety failure or other failure affecting RTX’s or its customers’ or suppliers’ products or systems; (19) risks relating to cybersecurity, including cyber-attacks on RTX’s information technology infrastructure, products, suppliers, customers and partners, and cybersecurity-related regulations; (20) threats to RTX facilities and personnel, as well as other events outside of RTX’s control such as public health crises, damaging weather or other acts of nature; (21) the effect of changes in accounting estimates for our programs on our financial results; (22) the effect of changes in pension and other postretirement plan estimates and assumptions and contributions; (23) risks relating to an impairment of goodwill and other intangible assets; (24) the effects of climate change and changing climate-related regulations, customer and market demands, products and technologies; and (25) the intended qualification of (i) the merger as a tax-free reorganization and (ii) the separation transactions and other internal restructurings as tax-free to UTC and former UTC shareowners, in each case, for U.S. federal income tax purposes. For additional information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, see the reports of RTX, UTC and Raytheon on Forms S-4, 10-K, 10-Q and 8-K filed with or furnished to the Securities and Exchange Commission from time to time. Any forward-looking statement speaks only as of the date on which it is made, and RTX






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assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law.








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RTX Corporation
Condensed Consolidated Statement of Operations
Quarter Ended September 30,Nine Months Ended September 30,
(Unaudited)(Unaudited)
(dollars in millions, except per share amounts; shares in millions)2024202320242023
Net Sales$20,089 $13,464 $59,115 $48,993 
Costs and expenses:
Cost of sales16,055 12,750 47,940 40,913 
Research and development751 712 2,126 2,048 
Selling, general, and administrative1,389 1,401 4,232 4,364 
Total costs and expenses18,195 14,863 54,298 47,325 
Other income (expense), net134 (390)116 
Operating profit (loss)2,028 (1,396)4,427 1,784 
Non-service pension income(374)(443)(1,134)(1,334)
Interest expense, net496 369 1,376 1,017 
Income (loss) before income taxes1,906 (1,322)4,185 2,101 
Income tax expense (benefit)371 (389)732 194 
Net income (loss)1,535 (933)3,453 1,907 
Less: Noncontrolling interest in subsidiaries’ earnings63 51 161 138 
Net income (loss) attributable to common shareowners$1,472 $(984)$3,292 $1,769 
Earnings (Loss) Per Share attributable to common shareowners:
Basic$1.10 $(0.68)$2.47 $1.22 
Diluted$1.09 $(0.68)$2.45 $1.21 
Weighted Average Shares Outstanding:
Basic shares1,333.2 1,448.1 1,331.4 1,455.7 
Diluted shares1,346.2 1,448.1 1,341.8 1,465.9 






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RTX Corporation
Segment Net Sales and Operating Profit (Loss)
Quarter EndedNine Months Ended
(Unaudited)(Unaudited)
September 30, 2024September 30, 2023September 30, 2024September 30, 2023
(dollars in millions)ReportedAdjustedReportedAdjustedReportedAdjustedReportedAdjusted
Net Sales
Collins Aerospace$7,075 $7,075 $6,629 $6,686 $20,747 $20,747 $19,133 $19,190 
Pratt & Whitney7,239 7,239 926 6,327 20,497 20,497 11,857 17,258 
Raytheon6,386 6,386 6,472 6,472 19,556 19,626 19,464 19,464 
Total segments20,700 20,700 14,027 19,485 60,800 60,870 50,454 55,912 
Eliminations and other(611)(611)(563)(533)(1,685)(1,685)(1,461)(1,431)
Consolidated$20,089 $20,089 $13,464 $18,952 $59,115 $59,185 $48,993 $54,481 
Operating Profit (Loss)
Collins Aerospace$1,062 $1,096 $903 $1,043 $3,029 $3,289 $2,699 $2,861 
Pratt & Whitney557 597 (2,482)413 1,511 1,564 (1,837)1,283 
Raytheon647 661 560 570 1,770 2,000 1,775 1,816 
Total segments2,266 2,354 (1,019)2,026 6,310 6,853 2,637 5,960 
Eliminations and other(14)(14)(69)(39)(55)(55)(34)(82)
Corporate expenses and other unallocated items100 (71)(63)(31)(926)(103)(165)(99)
FAS/CAS operating adjustment210 210 272 272 636 636 845 845 
Acquisition accounting adjustments(534)— (517)— (1,538)— (1,499)— 
Consolidated$2,028 $2,479 $(1,396)$2,228 $4,427 $7,331 $1,784 $6,624 
Segment Operating Profit (Loss) Margin
Collins Aerospace15.0 %15.5 %13.6 %15.6 %14.6 %15.9 %14.1 %14.9 %
Pratt & Whitney7.7 %8.2 %(268.0)%6.5 %7.4 %7.6 %(15.5)%7.4 %
Raytheon10.1 %10.4 %8.7 %8.8 %9.1 %10.2 %9.1 %9.3 %
Total segment10.9 %11.4 %(7.3)%10.4 %10.4 %11.3 %5.2 %10.7 %







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RTX Corporation
Condensed Consolidated Balance Sheet
September 30, 2024December 31, 2023
(dollars in millions)(Unaudited)(Unaudited)
Assets
Cash and cash equivalents$6,682 $6,587 
Accounts receivable, net10,097 10,838 
Contract assets14,684 12,139 
Inventory, net13,465 11,777 
Other assets, current6,836 7,076 
Total current assets51,764 48,417 
Customer financing assets2,306 2,392 
Fixed assets, net15,886 15,748 
Operating lease right-of-use assets1,846 1,638 
Goodwill53,759 53,699 
Intangible assets, net34,159 35,399 
Other assets5,102 4,576 
Total assets$164,822 $161,869 
Liabilities, Redeemable Noncontrolling Interest, and Equity
Short-term borrowings$220 $189 
Accounts payable11,834 10,698 
Accrued employee compensation2,673 2,491 
Other accrued liabilities15,971 14,917 
Contract liabilities18,436 17,183 
Long-term debt currently due3,113 1,283 
Total current liabilities52,247 46,761 
Long-term debt38,823 42,355 
Operating lease liabilities, non-current1,592 1,412 
Future pension and postretirement benefit obligations2,230 2,385 
Other long-term liabilities7,071 7,511 
Total liabilities101,963 100,424 
Redeemable noncontrolling interest33 35 
Shareowners’ Equity:
Common stock37,276 37,040 
Treasury stock(27,141)(26,977)
Retained earnings52,948 52,154 
Accumulated other comprehensive loss(1,969)(2,419)
Total shareowners’ equity61,114 59,798 
Noncontrolling interest1,712 1,612 
Total equity62,826 61,410 
Total liabilities, redeemable noncontrolling interest, and equity$164,822 $161,869 







11


RTX Corporation
Condensed Consolidated Statement of Cash Flows
Quarter Ended September 30,Nine Months Ended September 30,
(Unaudited)(Unaudited)
(dollars in millions)2024202320242023
Operating Activities:
Net income (loss)$1,535 $(933)$3,453 $1,907 
Adjustments to reconcile net income (loss) to net cash flows provided by operating activities:
Depreciation and amortization1,094 1,074 3,225 3,152 
Deferred income tax benefit(304)(28)(119)(728)
Stock compensation cost105 107 328 319 
Net periodic pension and other postretirement income(326)(386)(992)(1,164)
Gain on sale of business, net of transaction costs— — (415)— 
Change in:
Accounts receivable349 (214)936 (913)
Contract assets(996)267 (2,453)(1,163)
Inventory(344)(108)(1,705)(1,430)
Other current assets(459)(244)(242)(878)
Accounts payable and accrued liabilities1,082 3,571 2,327 3,422 
Contract liabilities684 174 1,196 429 
Other operating activities, net103 36 59 219 
Net cash flows provided by operating activities2,523 3,316 5,598 3,172 
Investing Activities:
Capital expenditures(552)(564)(1,556)(1,610)
Dispositions of businesses, net of cash transferred— 1,283 
Increase in other intangible assets(129)(222)(447)(536)
Receipts (payments) from settlements of derivative contracts, net32 (63)(18)
Other investing activities, net(66)(16)(38)97 
Net cash flows used in investing activities(715)(859)(755)(2,061)
Financing Activities:
Proceeds from long-term debt— — — 2,974 
Repayment of long-term debt— (172)(1,700)(175)
Change in commercial paper, net— — 473 
Change in other short-term borrowings, net(12)92 31 68 
Dividends paid on common stock(823)(838)(2,415)(2,472)
Repurchase of common stock(294)(1,429)(394)(2,587)
Other financing activities, net(29)(33)(271)(190)
Net cash flows used in financing activities(1,158)(2,377)(4,749)(1,909)
Effect of foreign exchange rate changes on cash and cash equivalents23 (15)11 
Net increase (decrease) in cash, cash equivalents and restricted cash673 65 105 (794)
Cash, cash equivalents and restricted cash, beginning of period6,058 5,432 6,626 6,291 
Cash, cash equivalents and restricted cash, end of period6,731 5,497 6,731 5,497 
Less: Restricted cash, included in Other assets, current and Other assets49 41 49 41 
Cash and cash equivalents, end of period$6,682 $5,456 $6,682 $5,456 
12


RTX Corporation
Reconciliation of Adjusted (Non-GAAP) Results
Adjusted Sales, Adjusted Operating Profit & Operating Profit Margin
Quarter Ended September 30,Nine Months Ended September 30,
(Unaudited)(Unaudited)
(dollars in millions - Income (Expense))2024202320242023
Collins Aerospace
Net sales$7,075 $6,629 $20,747 $19,133 
Charges related to a litigation matter (1)
— (57)— (57)
Adjusted net sales$7,075 $6,686 $20,747 $19,190 
Operating profit$1,062 $903 $3,029 $2,699 
Restructuring(12)(64)(30)(72)
Charge associated with initiating alternative titanium sources (1)
— — (175)— 
Segment and portfolio transformation costs(22)(19)(55)(33)
Charges related to a litigation matter (1)
— (57)— (57)
Adjusted operating profit$1,096 $1,043 $3,289 $2,861 
Adjusted operating profit margin15.5 %15.6 %15.9 %14.9 %
Pratt & Whitney
Net sales$7,239 $926 $20,497 $11,857 
Powder Metal charge (1)
— (5,401)— (5,401)
Adjusted net sales$7,239 $6,327 $20,497 $17,258 
Operating profit (loss)$557 $(2,482)$1,511 $(1,837)
Restructuring(13)(7)(46)(51)
Insurance settlement— 27 — 
Powder Metal charge (1)
— (2,888)— (2,888)
Charges related to a customer insolvency (1)
— — — (181)
Expected settlement of a litigation matter (1)
(34)— (34)— 
Adjusted operating profit$597 $413 $1,564 $1,283 
Adjusted operating profit margin8.2 %6.5 %7.6 %7.4 %
Raytheon
Net sales$6,386 $6,472 $19,556 $19,464 
Contract termination (1)
— — (70)— 
Adjusted net sales$6,386 $6,472 $19,626 $19,464 
Operating profit$647 $560 $1,770 $1,775 
Restructuring(14)(9)(30)(33)
Gain on sale of business, net of transaction and other related costs (1)
— — 375 — 
Segment and portfolio transformation costs— (1)— (8)
Contract termination (1)
— — (575)— 
Adjusted operating profit$661 $570 $2,000 $1,816 
Adjusted operating profit margin10.4 %8.8 %10.2 %9.3 %
Eliminations and Other
Net sales$(611)$(563)$(1,685)$(1,461)
Prior year impact from R&D capitalization IRS notice (1)
— (30)— (30)
Adjusted net sales$(611)$(533)$(1,685)$(1,431)
Operating loss$(14)$(69)$(55)$(34)
Prior year impact from R&D capitalization IRS notice (1)
— (30)— (30)
Gain on sale of land— — — 68 
Charges related to a customer insolvency (1)
— — — 10 
Adjusted operating loss$(14)$(39)$(55)$(82)
13


Corporate expenses and other unallocated items
Operating profit (loss)$100 $(63)$(926)$(165)
Restructuring(6)(24)(9)(46)
Tax audit settlements (1)
— — (68)— 
Segment and portfolio transformation costs(3)(8)(8)(20)
Legal matters (1)
— — (918)— 
Tax matters and related indemnification (1)
180 — 180 — 
Adjusted operating loss$(71)$(31)$(103)$(99)
FAS/CAS Operating Adjustment
Operating profit$210 $272 $636 $845 
Acquisition Accounting Adjustments
Operating loss$(534)$(517)$(1,538)$(1,499)
Acquisition accounting adjustments(534)(517)(1,538)(1,499)
Adjusted operating profit$— $— $— $— 
RTX Consolidated
Net sales$20,089 $13,464 $59,115 $48,993 
Total net significant and/or non-recurring items included in Net sales above (1)
— (5,488)(70)(5,488)
Adjusted net sales$20,089 $18,952 $59,185 $54,481 
Operating profit (loss)$2,028 $(1,396)$4,427 $1,784 
Restructuring(45)(104)(115)(202)
Acquisition accounting adjustments(534)(517)(1,538)(1,499)
Total net significant and/or non-recurring items included in Operating profit above (1)
128 (3,003)(1,251)(3,139)
Adjusted operating profit$2,479 $2,228 $7,331 $6,624 
(1)    Refer to “Non-GAAP Financial Adjustments” below for a description of these adjustments.
14


RTX Corporation
Reconciliation of Adjusted (Non-GAAP) Results
Adjusted Income, Earnings Per Share, and Effective Tax Rate
Quarter Ended September 30,Nine Months Ended September 30,
(Unaudited)(Unaudited)
(dollars in millions - Income (Expense))2024202320242023
Net income (loss) attributable to common shareowners$1,472$(984)$3,292$1,769
Total Restructuring(45)(104)(115)(202)
Total Acquisition accounting adjustments(534)(517)(1,538)(1,499)
Total net significant and/or non-recurring items included in Operating profit (loss) (1)
128(3,003)(1,251)(3,139)
Significant and/or non-recurring items included in Non-service Pension Income
Non-service pension restructuring(4)(9)(2)
Pension curtailment related to sale of business (1)
9
Significant non-recurring and non-operational items included in Interest Expense, Net
Tax audit settlements (1)
78
Tax matters and related indemnification(11)(11)
Tax effect of restructuring and net significant and/or non-recurring items above1488263641,092
Significant and/or non-recurring items included in Income Tax Expense (Benefit)
Tax audit settlements (1)
296
Prior year R&D state tax item (1)
(8)(8)
Tax matters and related indemnification(156)(156)
Significant and/or non-recurring items included in Noncontrolling Interest
Noncontrolling interest share of charges related to an insurance settlement(2)(9)
Noncontrolling interest share of customer insolvency charges (1)
17
Less: Impact on net income (loss) attributable to common shareowners(476)(2,806)(2,342)(3,741)
Adjusted net income attributable to common shareowners$1,948$1,822$5,634$5,510
Diluted Earnings (Loss) Per Share$1.09$(0.68)$2.45$1.21
Impact on Diluted Earnings Per Share(0.36)(1.93)(1.75)(2.55)
Adjusted Diluted Earnings Per Share$1.45$1.25$4.20$3.76
Effective Tax Rate 19.5%29.4%17.5%9.2%
Impact on Effective Tax Rate 4.2%10.8%(0.1)%(9.2)%
Adjusted Effective Tax Rate 15.3%18.6%17.6%18.4%
(1)    Refer to “Non-GAAP Financial Adjustments” below for a description of these adjustments.
15


RTX Corporation
Reconciliation of Adjusted (Non-GAAP) Results
Segment Operating Profit Margin and Adjusted Segment Operating Profit Margin
Quarter Ended September 30,Nine Months Ended September 30,
(Unaudited)(Unaudited)
(dollars in millions - Income (Expense))2024202320242023
Net Sales$20,089 $13,464 $59,115 $48,993 
Reconciliation to segment net sales:
Eliminations and other611 563 1,685 1,461 
Segment Net Sales$20,700 $14,027 $60,800 $50,454 
Reconciliation to adjusted segment net sales:
Net significant and/or non-recurring items (1)
— (5,458)(70)(5,458)
Adjusted Segment Net Sales$20,700 $19,485 $60,870 $55,912 
Operating Profit (Loss)$2,028 $(1,396)$4,427 $1,784 
Operating Profit (Loss) Margin10.1 %(10.4)%7.5 %3.6 %
Reconciliation to segment operating profit (loss):
Eliminations and other14 69 55 34 
Corporate expenses and other unallocated items(100)63 926 165 
FAS/CAS operating adjustment(210)(272)(636)(845)
Acquisition accounting adjustments534 517 1,538 1,499 
Segment Operating Profit (Loss)$2,266 $(1,019)$6,310 $2,637 
Segment Operating Profit (Loss) Margin10.9 %(7.3)%10.4 %5.2 %
Reconciliation to adjusted segment operating profit:
Restructuring (39)(80)(106)(156)
Net significant and/or non-recurring items (1)
(49)(2,965)(437)(3,167)
Adjusted Segment Operating Profit$2,354 $2,026 $6,853 $5,960 
Adjusted Segment Operating Profit Margin11.4 %10.4 %11.3 %10.7 %
(1)    Refer to “Non-GAAP Financial Adjustments” below for a description of these adjustments.
16


RTX Corporation
Free Cash Flow Reconciliation
Quarter Ended September 30,
(Unaudited)
(dollars in millions)
20242023
Net cash flows provided by operating activities$2,523 $3,316 
Capital expenditures(552)(564)
Free cash flow $1,971 $2,752 
Nine Months Ended September 30,
(Unaudited)
(dollars in millions)20242023
Net cash flows provided by operating activities$5,598 $3,172 
Capital expenditures(1,556)(1,610)
Free cash flow$4,042 $1,562 
17


RTX Corporation
Reconciliation of Adjusted (Non-GAAP) Results
Organic Sales Reconciliation
Quarter ended September 30, 2024 compared to the Quarter Ended September 30, 2023
(Unaudited)
(dollars in millions)
Total Reported ChangeAcquisitions & Divestitures ChangeFX / Other ChangeOrganic Change
Prior Year Adjusted Sales (1)
Organic Change as a % of Adjusted Sales
Collins Aerospace$446 $— $59 $387 $6,686 %
Pratt & Whitney6,313 — 5,414 899 6,327 14 %
Raytheon(86)(430)337 6,472 %
Eliminations and Other (2)
(48)— 20 (68)(533)13 %
Consolidated$6,625 $(430)$5,500 $1,555 $18,952 %
(1)    For the full Non-GAAP reconciliation of adjusted sales refer to “Reconciliation of Adjusted (Non-GAAP) Results - Adjusted Sales, Adjusted Operating Profit & Operating Profit Margin.”
(2)    FX/Other Change includes the transactional impact of foreign exchange hedging at Pratt & Whitney Canada, which is included in Pratt & Whitney’s FX/Other Change, but excluded for Consolidated RTX.

Nine Months Ended September 30, 2024 compared to the Nine Months Ended September 30, 2023
(Unaudited)
(dollars in millions)
Total Reported ChangeAcquisitions & Divestitures ChangeFX / Other ChangeOrganic Change
Prior Year Adjusted Sales (1)
Organic Change as a % of Adjusted Sales
Collins Aerospace$1,614 $— $60 $1,554 $19,190 %
Pratt & Whitney8,640 — 5,409 3,231 17,258 19 %
Raytheon92 (862)(62)1,016 19,464 %
Eliminations and Other (2)
(224)— (12)(212)(1,431)15 %
Consolidated$10,122 $(862)$5,395 $5,589 $54,481 10 %
(1)    For the full Non-GAAP reconciliation of adjusted sales refer to “Reconciliation of Adjusted (Non-GAAP) Results - Adjusted Sales, Adjusted Operating Profit & Operating Profit Margin.”
(2)    FX/Other Change includes the transactional impact of foreign exchange hedging at Pratt & Whitney Canada, which is included in Pratt & Whitney’s FX/Other Change, but excluded for Consolidated RTX.





18


Non-GAAP Financial Adjustments

Non-GAAP AdjustmentsDescription
Charges related to a litigation matter
The quarter and nine months ended September 30, 2023 includes a net sales reduction of $57 million and a corresponding net operating profit reduction of $57 million related to the settlement of a customer litigation matter at Collins. Management has determined that the nature and significance of the settlement is considered unusual and therefore, not indicative of the Company’s ongoing operational performance.
Charge associated with initiating alternative titanium sources
The nine months ended September 30, 2024 includes a net pre-tax charge of $0.2 billion related to the recognition of unfavorable purchase commitments and an impairment of contract fulfillment costs associated with initiating alternative titanium sources at Collins. These charges were recorded as a result of the Canadian government’s imposition of new sanctions in February 2024, which included U.S.- and German-based Russian-owned entities from which we source titanium for use in our Canadian operations. Management has determined that these impacts are directly attributable to the sanctions, incremental to similar costs incurred for reasons other than those related to the sanctions and has determined that the nature of the charge is considered significant and unusual, and therefore, not indicative of the Company’s ongoing operational performance.
Powder Metal charge
The quarter and nine months ended September 30, 2023 includes a net pre-tax charge of $2.9 billion related to the Pratt powder metal matter during the third quarter of 2023. The charge is reflected in the Condensed Consolidated Statement of Operations as a reduction of sales of $5.4 billion which was partially offset by a net reduction of cost of sales of $2.5 billion primarily representing our partners’ 49% share of this charge. The charge includes the Company’s current best estimate of expected customer compensation for the estimated duration of the disruption as well as the third quarter Estimate-at-Completion (EAC) adjustment impact of this matter to Pratt & Whitney’s long-term maintenance contracts. Management has determined that these items are directly attributable to the powder metal matter, incremental to similar costs (or income) incurred for reasons other than those related to the powder metal matter and not expected to recur, and therefore, not indicative of the Company’s ongoing operational performance.
Charges related to a customer insolvency
The nine months ended September 30, 2023 includes a net pre-tax charge of $0.2 billion related to a customer insolvency during the second quarter of 2023. The charge primarily relates to Contract assets and Customer financing assets exposures with the customer. Management has determined that the nature and significance of the charge is considered unusual and, therefore not indicative of the Company’s ongoing operational performance.
Expected settlement of a litigation matter
The quarter and nine months ended September 30, 2024 includes a pre-tax charge of $34 million reflecting the expected settlement value relating to a litigation matter at Pratt and Whitney. Management has determined that the impact is directly attributable to the expected legal settlement and that the nature of the charge is considered non-operational and therefore, not indicative of the Company’s ongoing operational performance.
Contract termination
The nine months ended September 30, 2024 includes a pre-tax charge of 0.6 billion related to the anticipated termination of a fixed price development contract with a foreign customer at Raytheon. The charge includes the write-off of remaining contract assets and our best estimate of the expected settlement in conjunction with this termination. Management has determined that these impacts are directly attributable to the expected termination, incremental to similar costs incurred for reasons other than those attributable to the termination and has determined that the nature of the pre-tax charge is considered significant and unusual and therefore, not indicative of the Company’s ongoing operational performance.
Gain on sale of business, net of transaction and other related costs
The nine months ended September 30, 2024 includes a pre-tax gain, net of transaction and other related costs, of $0.4 billion associated with the completed sale of the Cybersecurity, Intelligence and Services (CIS) business at Raytheon. Management has determined that the nature of the net gain on the divestiture is considered significant and non-operational and therefore, not indicative of the Company’s ongoing operational performance.
19


Prior year impact from R&D capitalization IRS notice
The quarter and nine months ended September 30, 2023 includes a net pre-tax charge of $30 million and a tax expense increase of $8 million related to the 2022 impact of an IRS notice issued in September 2023 related to the capitalization of research and experimental expenditures for tax purposes. Management has determined that these items are directly attributable to the IRS notice and represents the impact to 2022, incremental to similar costs (or income) incurred for reasons other than the tax law change and not expected to recur, and therefore, not indicative of the Company’s ongoing operational performance.
Tax audit settlements
The nine months ended September 30, 2024 includes a tax benefit of $0.3 billion recognized as a result of the closure of the examination phase of multiple federal tax audits. In addition, there was a pre-tax charge of $68 million for the write-off of certain tax related indemnity receivables and a pre-tax gain on the reversal of $78 million of interest accruals, both directly associated with these tax audit settlements. Management has determined that the nature of these impacts related to the tax audit settlements is considered significant and non-operational and therefore, not indicative of the Company’s ongoing operational performance.
Legal matters
The nine months ended September 30, 2024 includes charges of $0.9 billion related to the expected resolution of several outstanding legal matters. The charge includes an additional accrual of $0.3 billion to resolve the previously disclosed criminal and civil government investigations of defective pricing claims for certain legacy Raytheon Company contracts entered into between 2011 and 2013 and in 2017; an additional accrual of $0.4 billion to resolve the previously disclosed criminal and civil government investigations of improper payments made by Raytheon Company and its joint venture, Thales-Raytheon Systems, in connection with certain Middle East contracts since 2012; and an accrual of $0.3 billion related to certain voluntarily disclosed export controls violations, primarily identified in connection with the integration of Rockwell Collins and, to a lesser extent, Raytheon Company, including certain violations expected to be resolved pursuant to a consent agreement with the Department of State. Management has determined that these impacts are directly attributable to these legacy legal matters and that the nature of the charges are considered significant and unusual and therefore, not indicative of the Company’s ongoing operational performance.
Tax matters and related indemnification
The quarter and nine months ended September 30, 2024 includes the impact of a recent favorable international tax court ruling related to certain tax payments made by a previously separated entity. As a result of this ruling, and the expected reimbursement of international taxes to the previously separated entity, the Company will owe additional U.S. income tax of $0.2 billion and related interest. The Company recorded a pre-tax benefit of $0.2 billion to recognize recovery of the additional taxes and interest owed pursuant to a tax matters agreement entered into in connection with the separation. There was no net income impact in the third quarter of 2024 as a result of this adjustment. We also recognized an income tax benefit of $56 million in response to favorable U.S. Tax Court rulings issued to unrelated taxpayers, but with facts similar to ours. The nature of the tax item in the rulings is subject to the tax matters agreement with previously separated entities and therefore we recorded a pre-tax charge of $32 million for the indemnified amounts. Management has determined that the nature of these impacts to both pre-tax income and income tax expense is considered significant and non-operational and therefore, not indicative of the Company’s ongoing operational performance.
20
v3.24.3
Document and Entity Information Document
Oct. 22, 2024
Document Type 8-K
Document Period End Date Oct. 22, 2024
Entity Registrant Name RTX CORPORATION
Entity Incorporation, State or Country Code DE
Entity File Number 001-00812
Entity Tax Identification Number 06-0570975
Entity Address, Address Line One 1000 Wilson Boulevard,
Entity Address, City or Town Arlington,
Entity Address, State or Province VA
Entity Address, Postal Zip Code 22209
City Area Code (781)
Local Phone Number 522-3000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Amendment Flag false
Entity Central Index Key 0000101829
Common Stock [Member]  
Title of 12(b) Security Common Stock ($1 par value)
Trading Symbol RTX
Security Exchange Name NYSE
Notes 2.150% Due 2030 [Member]  
Title of 12(b) Security 2.150% Notes due 2030
Trading Symbol RTX 30
Security Exchange Name NYSE

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