![]() RTX plans to generate $9 billion in free cash flow* in 2025, while making disciplined investments in R&D and CapEx to drive future growth, which remains a key priority. ![]() These initiatives, along with our sales growth, will be a catalyst to achieve the adjusted segment margin* expansion commitment of approximately 550 to 650 basis points from 2020 to 2025.Įxecuting on Capital Deployment PrioritiesĪdditionally, management will discuss how its strong operating performance is expected to result in accelerated free cash flow generation, which will enable the company to return significant cash to shareowners. As a result, RTX is raising its gross cost synergy target from $1.5 billion to $2 billion. The company's CORE Operating System, investments in digital solutions, and the business realignment will drive operational excellence, structural cost reduction, and operational modernization that will enable RTX to better serve customers. Management will discuss how RTX is leveraging its scale and capabilities to achieve best-in-class performance for customers and shareowners. RTX's portfolio of differentiated technologies and commitment to innovation will enable the company to capture substantial revenue synergy opportunities across four key areas – connected aviation, sustainable aviation, connected battlespace and integrated solutions.ĭriving Operational Excellence and Margin Expansion Furthermore, with the business realignment and the strategic investments we continue to make, RTX is uniquely positioned for sustained profitable growth well beyond 2025." ![]() "RTX is leveraging its breadth, scale and operational discipline to serve our customers and deliver value to our shareowners, with a clear path to achieve our 2025 financial commitments. "Over the past few years, we have solidified our industry-leading positions with a $180 billion backlog across the highest growth commercial aerospace platforms and franchises serving the most critical defense priorities," Hayes continued. "While we honor our legacy, we are always looking to the future – and that future is RTX," said Chairman and Chief Executive Officer Gregory Hayes. As announced in January, the company will operate three focused businesses to better align with customer needs – Collins Aerospace, Pratt & Whitney, and Raytheon. Increase gross cost synergy target from $1.5 to $2 billionĪs part of its portfolio realignment, which remains on track for July, the company announced that it will now be represented as RTX. Reaffirm 2025 $9 billion free cash flow* commitmentĮxpand post-merger shareowner capital return commitment to $33 to $35 billion through 2025 Reaffirm 2020 to 2025 sales growth and margin expansion commitments In addition to providing an update on the company's strategy, company leadership will: During the event, RTX Chairman and Chief Executive Officer Greg Hayes, and other members of the senior leadership team, will provide an update on the company's long-term growth strategy, business realignment and financial outlook. Company will evolve from "Raytheon Technologies" to "RTX" Delivers strategy to execute on $180 billion backlog of critical defense and aerospace technologies and drive strong financial returnsĪRLINGTON, Va., J/PRNewswire/ - Raytheon Technologies (NYSE: RTX), in conjunction with the Paris Air Show, will hold its Investor Day tomorrow, June 19, 2023, in-person and via webcast, featuring management presentations from 8:30 a.m.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |