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Raytheon Technologies Corporation is a multinational conglomerate headquartered in Waltham, Massachusetts. It researches, develops, and manufactures advanced technology products in the aerospace and defense industry, including aircraft engines, avionics, aerostructures, cybersecurity, missiles, air defense systems, and drones. The company is also a large military contractor, getting a significant portion of its revenue from the U.S. government. Former United Technologies CEO and chairman Gregory J. Hayes is the CEO of the combined company,and former Raytheon CEO and chairman Thomas A. Kennedy is the Executive Chairman. The company is the result of the merger of equals between the aerospace subsidiaries of United Technologies Corporation (UTC) and the Raytheon Company, which was completed on April 3, 2020. Before the merger, UTC spun-off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation. UTC is the nominal survivor of the merger but it changed its name to Raytheon Technologies and relocated its headquarters to Waltham. The company is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization. Through its predecessors, including UTC, its stock has been one of the most durable constituents of the US blue-chip index Dow Jones Industrial Average for more than 80 years. The stock trades on the New York Stock Exchange and the ticker symbol is RTX. The company has four subsidiaries: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense.
