Jun 202619
RTX agrees to sell Blue Canyon Technologies to MDA Space
Buyer: MDA Space
$620 millionPending
Company
RTX Corp
RTX designs, manufactures and delivers aerospace and defense systems for commercial, military and government customers worldwide. ↗
| Headquarters | Arlington, VA ↗ |
|---|---|
| Founded | 2020 ↗ |
| Engineers | 60,000 engineers ↗ |
| Revenue | $88.6 billion (fiscal 2025) ↗ |
| Department of War obligations | $37.2 billion in prime contracts since fiscal 2022 ↗ |
| Ownership | Public ↗ |
| Shares | RTX ↗ |
| Website | www.rtx.com ↗ |
Products
- RTX's Raytheon business builds the antenna array for the Army's Lower Tier Air and Missile Defense Sensor, a radar that replaces the Patriot system's sensor. ↗
Deals since 2020
Oct 202318
RTX sells Raytheon Cybersecurity, Intelligence and Services business to Blackstone
Buyer: Blackstone
the Cybersecurity, Intelligence and Services (CIS) business within Raytheon Technologies' Raytheon segment
$1.3 billionClosed Mar 29, 2024
Jul 202320
RTX sells Collins Aerospace actuation and flight control business to Safran
Buyer: Safran
The actuation and flight control business within RTX's Collins segment
$1.8 billionClosed Jul 21, 2025
Sep 202114
RTX buys SEAKR Engineering
Seller: Anderson family
UndisclosedClosed Nov 29, 2021
Sep 202110
Raytheon Technologies sells Raytheon global training and services business to Vertex Aerospace
Buyer: Vertex Aerospace · Backed by American Industrial Partners
the global training and services business within Raytheon Technologies' RIS segment
$900 millionClosed Dec 2021
Nov 202010
RTX buys Blue Canyon Technologies
Seller: private owners
$425 millionClosed Dec 22, 2020
Oct 202026
Raytheon Technologies sells Forcepoint to Francisco Partners
Buyer: Francisco Partners
Raytheon Technologies' Forcepoint business
$1.1 billionClosed Jan 8, 2021
Jan 202020
RTX sells Airborne tactical radios business to BAE Systems
Buyer: BAE Systems
$275 millionClosed May 4, 2020
Other acquisitions
- United Technologies, RTX's predecessor, acquired Rockwell Collins in November 2018 for $23 billion, or $30 billion including net debt. ↗
Segments
- RTX operates through three businesses: Collins Aerospace, Pratt & Whitney and Raytheon. ↗
Earnings
Follow the reporting
- EarningsTomahawk and AMRAAM drive RTX’s defense order surgeTwo undefinitized awards dominate Raytheon’s quarterly bookings, while tariff refunds account for nearly half of RTX’s adjusted earnings-per-share increase.
- AssessmentRaytheon and Lockheed Martin lead Golden Dome office contract obligationsContracts naming the Golden Dome office as funder recorded $2.9 billion in obligations through June. Those records do not identify which Treasury account paid.
- AssessmentLockheed Martin and RTX dominate U.S. foreign arms-sale proposalsForeign customers’ share of defense sales moved less than four percentage points in 2021–2025 at the five U.S.-listed companies named on the most proposed arms-sale value.
Our coverage
- IndustryPratt & Whitney starts construction on $100 million engine parts facility in PolandThe Rzeszów expansion will add rotating-component manufacturing, supporting a forging investment in Georgia. Pratt & Whitney expects both projects to be fully operational by 2028.
- Industry · PrimesRTX's defense backlog grows $45 billion in a quarterDefense reached about 48% of RTX's backlog in the third quarter, up from about 41% in the second. RTX also raised its 2026 adjusted sales outlook.
- Week AheadThe week ahead: Oct 19–Oct 30
- Contracts · Space / missile warningRaytheon says it was selected to modernize Space Force early-warning radarsThe company says it will help create a common open architecture that improves sustainment efficiency, avoids vendor lock and simplifies future upgrades to system performance.
- Industry · MunitionsLockheed lines up a share of Avio's rocket motor capacity for PrSM, ER GMLRSInitial work under the strategic cooperation agreement follows qualification, at an Avio USA plant in Hurt, Va., that is still under construction.
- Contracts · Air defenseLockheed weighs Diehl as German partner for PAC-3 production, Defense News reportsA Lockheed executive said Ukraine might start with something like the cheaper ACE, possibly built in nearby countries. The report names no buyer, funding or timeline.
- Week AheadThe week ahead: Oct 12–Oct 23
- Contracts · Air defenseRaytheon-Rafael venture delivers first U.S.-built Iron Dome interceptors from Arkansas plantThe venture's first production contract, worth $1.25 billion, supplies Israel. A U.S. variant for the Marine Corps is planned for the same plant.
- Contracts · Missile defenseMissile Defense Agency awards Raytheon multiyear SM-3 IB contract worth up to $6.3 billionThe Missile Defense Agency award carries a $4.4 billion base value. It is undefinitized, so work can begin before terms, specifications or price are agreed.
- Contracts · MunitionsNavy plans sole-source Raytheon contract for low-rate production of Tomahawk's JMEWS warheadThe award would move the warhead for Tomahawk Block Vb from development into production. The notice gives no quantity, dollar value or contract type.
