RTX Corp
rtx.comWhat Do They Do?
Sells aircraft engines, aerospace systems and services, and defense systems to commercial aviation, military, and government customers.
10-K for FY2025, filed Feb 6, 2026RTX Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military, and government…View ↗
Collins Aerospace is a leading global provider of technologically advanced aerospace and defense products. Collins’ solutions include…View ↗
Pratt & Whitney is among the world’s leading suppliers of aircraft engines for commercial, military, business jet, and general aviation…View ↗
Raytheon is a leading provider of defensive and offensive threat detection, tracking and mitigation capabilities for U.S. and foreign…View ↗
How Do They Make Money?
Customers pay for engines, aerospace components and spare parts when they ship; defense contracts and some long-term aerospace contracts are paid in installments as work progresses. Long-term aftermarket service customers pay over the contract period, sometimes before or after delivery.
10-K for FY2025, filed Feb 6, 2026Performance obligations are satisfied as of a point-in-time for certain aerospace components, engines, and spare parts. Revenue is…View ↗
Substantially all of our defense business revenue, which primarily relates to our Raytheon segment, and to a lesser extent Pratt & Whitney…View ↗
For certain of our long-term aftermarket contracts, revenue is recognized over the contract period. We generally account for such contracts…View ↗
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10-K for FY2025, filed Feb 6, 2026
FY2025 revenue by product or service ↗
$88.6B
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10-K for FY2025, filed Feb 6, 2026
$88.6B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Products
|
72%
FY2022: 76%
|
Products, FY2025
$64.2B Sources
|
|
|
Services
Recurring
10-K for FY2025, filed Feb 6, 2026 |
28%
FY2022: 24%
|
Services, FY2025
$24.4B Sources
|
Recurring |
Who Are Their Customers?
Aircraft makers, airlines and operators, governments, and defense contractors buy aerospace products and services; Collins also sells through independent distributors, while Raytheon serves government programs as a prime contractor or major subcontractor.
10-K for FY2025, filed Feb 6, 2026Collins sells aerospace and defense products and services to aircraft manufacturers, airlines, airports and other aircraft operators, the…View ↗
Pratt & Whitney sells products and services principally to aircraft manufacturers, airlines and other aircraft operators, aircraft leasing…View ↗
Raytheon serves as a prime contractor or major subcontractor on numerous programs with the U.S. Department of War (DoW) (formerly referred…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 8 cents of every revenue dollar as net income in FY2025 and turned 9 cents into free cash flow.
10-K for FY2025, filed Feb 6, 2026
$9.3BView ↗
10-K for FY2025, filed Feb 6, 2026
$6.7BView ↗
10-K for FY2025, filed Feb 6, 2026
$7.9BView ↗
How Are They Changing?
10-Q for Q3 FY2026, filed Oct 20, 2026
Open tableView ↗
Growing. Revenue grew 38% in 4 years, from $64.4B in FY2021 to $88.6B in FY2025, about 8% a year.
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