2Q 2023($ millions) | --- | --- | --- | --- | |------------------|----------|-----------|-----------| | | Reported | Adjusted* | YOY Var.* | | Sales | 3,655 | 3,655 | 2% | | Operating Profit | 291 | 297 | (6%) | | ROS | 8.0% | 8.1% | (70 bps) | • Organic sales* up 2% • Adjusted sales* up 2% – Higher sales in Sensing & Effects and Cyber & Services – Lower sales in Command, Control & Communications • Adjusted operating profit* down 6% – Unfavorable mix – Higher operating expenses – Improved productivity – Hig ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 10-Q ____________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-00812 ____________________________________ RTX CORPORATION (Exact name of registrant a ...

Raytheon Technologies Corp. (NYSE:RTX) Q1 2023 Earnings Conference Call April 25, 2023 8:30 AM ET Company Participants Gregory Hayes - Chairman and Chief Executive Officer Christopher Calio - President and Chief Operating Officer Neil Mitchill - Chief Financial Officer Jennifer Reed - Vice President of Investor Relations Conference Call Participants Myles Walton - Wolfe Research Noah Poponak - Goldman Sachs Robert Stallard - Vertical Research Partners Matthew Akers - Wells Fargo Sheila Kahyaoglu - Jefferi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 10-Q ____________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-00812 ____________________________________ RAYTHEON TECHNOLOGIES CORPORATION (Exact n ...

Summary of Raytheon Technologies Corporation Conference Call Company Overview - **Company**: Raytheon Technologies Corporation (NYSE: RTX) - **Date**: February 22, 2023 - **Participants**: Chris Calio (COO), Neil Mitchill (CFO), John Thorton (Citi) Key Industry Insights - **Industry**: Aerospace and Defense (A&D) - **Market Dynamics**: The company is experiencing strong demand across both defense and commercial sectors, with a significant backlog of $175 billion, including nearly $70 billion in defense contracts [5][4]. Financial Performance - **2022 Results**: - Organic sales growth of 6% - Year-over-year EPS growth of 12% - Free cash flow of nearly $5 billion, exceeding expectations [4]. - **2023 Guidance**: - Projected organic sales growth of 7% to 9% - EPS range of $4.90 to $5.05 - Expected free cash flow of $4.8 billion [8]. Strategic Priorities - **Medium-Term Focus Areas**: - Capacity expansions - Investment in skilled workforce - Supply chain improvements - Inflation management [2][10]. - **2025 Targets**: The company remains confident in achieving its 2025 financial targets despite market fluctuations and challenges [6][7]. Supply Chain Management - **Challenges**: The company faced $2 billion in inflation headwinds in 2022, primarily from product and labor costs [14]. - **Actions Taken**: - Engaged approximately 400 supply chain professionals to enhance visibility and quality management [11]. - Signed around 400 long-term agreements (LTAs) to secure supply and improve planning [12]. Investment Strategy - **Investment Focus**: - $5 billion in R&D and capital expenditures in 2023, increasing to $6 billion by 2025 [27]. - Emphasis on sustainable aviation, connected battle space, and data harnessing for predictive maintenance [20][21]. - **Technology Development**: Investments in advanced materials, electrification, and digital engineering to enhance product capabilities [22][23][25]. Organizational Restructuring - **Business Realignment**: Transitioning from four business units to three to improve efficiency and customer alignment [36][37]. - **Operational Synergies**: Expected improvements in operational performance and cost synergies through better resource allocation [42]. Growth Opportunities - **Space Sector**: Identified as a growth area, with a focus on proliferated Low Earth Orbit (LEO) capabilities and recent acquisitions to enhance market position [46][48]. - **Pratt & Whitney**: The GTF engine program is a core growth driver, with ongoing investments to improve performance and reduce costs [54][57]. Conclusion - **Outlook**: Raytheon Technologies is positioned for growth with a strong backlog, strategic investments, and a focus on operational efficiency. The company is committed to maintaining a robust balance sheet while pursuing long-term growth opportunities in the aerospace and defense sectors [29][30].

Raytheon Technologies Corporation (NYSE:RTX) Barclays Industrial Select Conference Call February 22, 2023 9:10 AM ET Company Participants Neil Mitchill - CFO Greg Hayes - Chairman and CEO Conference Call Participants David Strauss - Barclays David Strauss I keep reiterating, he’s been a strong support of this conference, seems to make it every year. So thank you for that. And Neil Mitchill, Chief Financial Officer of Raytheon Technology. So with that, hand it over to Greg for some opening comments and neces ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-00812 RAYTHEON TECHNOLOGIES CORPORATION (Exact name of registrant as specified in its charter) Delaware 06-0570975 (State or Other Jurisdiction of ...

Raytheon Technologies Corp. (NYSE:RTX) Q4 2022 Earnings Conference Call January 24, 2023 8:30 AM ET Company Participants Greg Hayes - Chairman and Chief Executive Officer Chris Calio - Chief Operating Officer Neil Mitchill - Chief Financial Officer Conference Call Participants Robert Stallard - Vertical Research Sheila Kahyaoglu - Jefferies Ronald Epstein - Bank of America Noah Poponak - Goldman Sachs Peter Arment - Baird Myles Walton - Wolfe Research David Strauss - Barclays Cai von Rumohr - Cowen Kristine ...

16 18 Raytheon Technologies: P&W Engine Shipments to Customers | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------|-------|-------|-------------|-------|-------|-------|-------|-----------|-------|-------| | | Q1 | Q2 | 2021 \nQ3 | Q4 | FY | Q1 | Q2 | 2022 \nQ3 | Q4 | FY | | Military | 44 | 61 | 58 | 55 | 218 | 60 | 62 | 49 | 48 | 219 | | Large Commercial 1 | 137 | 144 | 165 | 177 | 623 | 119 | 177 | 192 | 224 | 712 | | Pratt & Whitney Canada 2 | 396 | 467 | 475 ...

Raytheon Technologies Corporation (NYSE:RTX) Baird 52nd Annual Global Industrial Conference 2022 November 8, 2022 9:30 AM ET Company Participants Neil Mitchill - Executive Vice President and Chief Financial Officer Conference Call Participants Peter Arment - Baird Peter Arment Thanks, everyone. Good morning. My name is Peter Arment, the Senior Aerospace Defense Analyst here at Baird. We are delighted to have with us Raytheon Technologies this morning. And from Raytheon, we have Neil Mitchill, as Executive V ...