RTX : new CEO, Chris Calio, reflects on ‘remarkable opportunity ahead’
May 02, 2024 at 01:19 pm EDT
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RTX's new CEO, Chris Calio, reflects on 'remarkable opportunity ahead'
May 02, 2024
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At our Annual Shareowners Meeting this morning, I outlined the remarkable opportunity ahead of us - to be the best aerospace and defense company in the world.
For us, this means being recognized by our customers as a trusted partner that executes on its commitments. It means high-performing teams solving our customers' biggest challenges. It means leveraging our CORE operating system to help drive operational excellence in terms of quality and cost. It means being the provider of differentiated technologies that create a competitive advantage. And it means converting all these attributes into best-in-class financial performance and long-term shareholder value.
We have all the ingredients. The best portfolio in aerospace and defense consisting of industry-leading businesses - Collins Aerospace, Pratt & Whitney, and Raytheon - with a backlog of more than $200 billion. And the most innovative, talented team in aerospace and defense with an uncommon dedication to our mission to connect and protect the world.
Nearly twenty years ago, I joined the company, and today, I am humbled and honored by the chance to lead this incredible organization. Together, we will write the next chapter for RTX.
Chris Calio began as RTX's new chief executive officer on May 2, 2024 and shared this message on LinkedIn.
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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 
