RTX (formerly Raytheon Technologies) is the world's largest aerospace and defense company by revenue, formed by the 2020 merger of Raytheon and United Technologies, with revenues of approximately $80 billion in 2025 across Collins Aerospace, Pratt & Whitney, and Raytheon. RTX's overall backlog hit a record $251 billion in 2025. The Raytheon segment reported a book-to-bill ratio of 2.27 in Q3 2025, driven by record demand for Patriot air defense systems and precision-guided munitions. In January 2026, Raytheon secured a $1.7 billion deal to supply Spain with four Patriot fire units. Pratt & Whitney's GTF engine powers the A320neo family and is ramping to meet record delivery schedules.
This report provides significant competitor information, analysis, and insight critical to the development and implementation of effective marketing and R&D programs.
Topics Covered
• Strategic Directions — Raytheon Demand, P&W Ramp, Collins Recovery, and Priorities Through 2030
• Financial Performance — Revenue, Adjusted EPS, Backlog, Free Cash Flow, and R&D 2023-2025
• SWOT Analysis — Competitive Advantages, Structural Vulnerabilities, Opportunities, and Risks
• Technological Know-How — Patriot, GTF Engine, NASAMS, Advanced Missiles, and Avionics
• Latest Products and Services — Patriot Orders, GTF Programs, Collins Innovations, and Pipeline
• M&A — Acquisitions, Divestitures, Joint Ventures, and Alliances 2023-2025
• Marketing Tactics — FMS Strategy, Patriot Expansion, Commercial Aviation Positioning, and Program Capture
• Organization and Management — Leadership, Three-Segment Structure, and Workforce Developments
Table of Contents
1. Executive Summary
2. Company Overview
3. Strategic Directions
4. Financial Performance
5. SWOT Analysis
6. Business Segment Analysis
7. Technology and Innovation
8. M&A and Partnerships
9. Competitive Positioning
10. Strategic Conclusions
11. Appendix
List of Tables
Table 1. RTX — Key Financial Metrics Summary 2023-2025
Table 2. RTX — Revenue by Segment 2023-2025
Table 3. RTX — Revenue by Geography 2023-2025
Table 4. RTX — R&D Investment and Backlog 2023-2025
Table 5. RTX — SWOT Analysis Summary
Table 6. RTX — Core Technology Capabilities and Key Programs
Table 7. RTX — Key Products and Platform Portfolio
Table 8. RTX — M&A Activity Summary 2023-2025
Table 9. RTX — Key Management and Leadership Team
Table 10. RTX — Strategic Priorities and Investment Areas 2025-2030