Effective July 16, 2021, Michael J. Wood, Corporate Vice President and Controller of Raytheon Technologies Corporation, is taking a medical leave of absence. In connection with Mr. Wood’s medical leave of absence, effective July 16, 2021, Steven A. Forrest, Vice President and Assistant Controller of the Company, was appointed as Acting Controller of the Company and its acting principal accounting officer. Mr. Forrest has served as Vice President and Assistant Controller of the Company since the consummation of the merger of equals transaction between Raytheon Company and United Technologies Corporation on April 3, 2020. Prior to the merger, Mr. Forrest served as Vice President and Assistant Controller of Raytheon Company and had served in other accounting and financial reporting roles of increasing responsibility. Mr. Forrest, age 56, joined Raytheon Company in 1999.
RTX Corporation (formerly Raytheon Technologies Corporation) is among the world's leading aeronautics and defense groups. Net sales (including intragroup) break down by sector of activity as follows:
- aerial navigation systems (29.3%; Collins Aerospace): manufacturing of electrical, electronical and mechanical systems for aircrafts (compressors, airplane control, etc.), civil and military helicopters, etc.;
- aeronautics (29.2%; Pratt & Whitney): design and manufacturing of civil and military aircraft engines, gas turbines, rocket engines and propulsion systems;
- missile systems, and integrated air and anti-missile defense systems (21.1%; Raytheon Missiles & Defense): design and manufacturing of weapons systems, missiles, munitions, projectiles, radars systems, control and monitoring equipment, communication, information, detection and imaging systems, etc. ;
- aerospace systems (20.4%; Raytheon Intelligence & Space): production of radars, airborne sensors, tactical airborne communications systems, software-defined radio solutions, advanced tactical networking systems, cryptographic systems, real-time sensor networking systems, etc.
Net sales break down by source of revenue between sales of products (76.7%) and services (24.3%).
Net sales are distributed geographically as follows: the United States (86.3%), Europe (5.8%), Asia/Pacific (2.7%), North Africa and Middle East (0.2%) and other (5%).
RTX CORPORATION 
