RTX Corporation
American multinational aerospace and defense conglomerate
Follow RTX Corporation on Notably News to receive short updates to your email — rarely!
| October 16 2024 | RTX Corporation (formerly Raytheon) agreed to pay over $950 million to resolve federal investigations involving bribery, government contracting violations, and export control breaches. The settlement includes penalties for bribing a Qatari official and defrauding the U.S. Defense Department in procurement contracts. |
| August 2024 | RTX was fined US$200 million for International Traffic in Arms Regulations violations, including exchanging data and products with prohibited countries like China. |
| January 2024 | 15 people were arrested after blocking access to RTX and BAE Systems facilities in Louisville, Kentucky, protesting the company's weapons supply to Israel. |
| December 2023 | RTX announced that CEO Greg Hayes would step down in May 2024, to be replaced by company president Christopher Calio. |
| December 14 2023 | Protesters blocked the entrance to an RTX facility in Arizona during the Gaza war, demonstrating against the company's weapons supply to Israel. |
| July 2023 | Raytheon Technologies Corporation officially changed its name to RTX Corporation. |
| 2020 | End of a nearly two-decade period during which Raytheon paid over $30 million to a Qatari agent related to the Qatari Emir, despite the agent lacking a background in defense contracting. |
| 2020 | Raytheon Technologies Corporation was formed through a merger, creating four initial business units: Pratt & Whitney, Collins Aerospace, Raytheon Intelligence & Space (RIS), and Raytheon Missiles & Defense (RMD). |
| August 31 2020 | Raytheon Technologies replaced United Technologies in the Dow Jones Industrial Average. |
| March 2020 | UTC completed spin-off of Otis Elevator and Carrier as independent companies, while Pratt and Whitney and Collins Aerospace remained under United Technologies. |
| February 2020 | Completed the first radar antenna array for the US Army's new Lower Tier Air and Missile Defense Sensor (LTAMDS). |
| November 2018 | UTC acquired Rockwell Collins for $23 billion ($30 billion including net debt). |
| July 2016 | Poland's Defence Minister planned to sign a letter of intent with Raytheon for a $5.6 billion Patriot missile-defence shield upgrade. |
| May 2015 | Acquired cybersecurity firm Websense, Inc. from Vista Equity Partners for $1.9 billion. |
| October 2014 | Won contract to build 3DELRR, a next-generation long-range radar system for the US Air Force, worth an estimated $1 billion. |
| July 2012 | United Technologies completed acquisition of Goodrich and merged it with Hamilton Sundstrand, forming UTC Aerospace Systems. |
| September 2011 | UTC acquired Goodrich Corporation for $18.4 billion, including $1.9 billion in net debt. |
| 2010 | UTC conducted its largest acquisition to date, purchasing General Electric's security equipment business for US$1.8 billion to support its Fire & Security unit. |
| December 2010 | Acquired Applied Signal Technology for $490 million. |
This contents of the box above is based on material from the Wikipedia article RTX Corporation, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.