tiprankstipranks
RTX Announces Leadership Transition with New Chairman
Company Announcements

RTX Announces Leadership Transition with New Chairman

Story Highlights

Maximize Your Portfolio with Data Driven Insights:

  • Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
  • Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio

RTX ( (RTX) ) has provided an update.

On February 3, 2025, RTX Corporation announced that Gregory J. Hayes will step down as Executive Chairman and Board member on April 30, 2025, transitioning to a Special Advisor role to the CEO until January 2, 2026. Christopher T. Calio, currently President and CEO, will also assume the role of Chairman, effective April 30, 2025. Hayes, who has led RTX through significant industry changes, will continue with a base salary of $1,100,000 but will forgo annual incentives for 2025. This leadership change is expected to sustain RTX’s strategic priorities and growth trajectory, reinforcing its operations and stakeholder relations.

More about RTX

RTX is the world’s largest aerospace and defense company, focusing on aviation, integrated defense systems, and next-generation technology solutions. The company operates through its leading businesses, Collins Aerospace, Pratt & Whitney, and Raytheon, and generated over $80 billion in sales in 2024. RTX is headquartered in Arlington, Virginia, and employs more than 185,000 people globally.

YTD Price Performance: 11.15%

Average Trading Volume: 4,716,235

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $171.6B

For an in-depth examination of RTX stock, go to TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App