US defense contractor Raytheon Technologies dropped its century-old name this week. Company
What is known
The manufacturer of MIM-104 Patriot anti-aircraft missile systems, Tomahawk cruise missiles and other weapons is now called RTX. Do not confuse with new video cards from NVIDIA.
The rebranding took place three years afterhow Raytheon teamed up with aerospace manufacturer United Technologies Corp. and formed Raytheon Technologies. Since then, the shares have been traded on the exchange under the ticker RTX.
In the summer of 2022, the company announced the transferheadquarters in Arlington, Virginia. This year, plans were announced to reorganize into three brands: Collins Aerospace, Pratt & Whitney and Raytheon.
Restructuring is necessary for a betteraligning the company's business with customer priorities, improving productivity and making better use of resources. This spring was announced by Christopher Calio, chief operating officer of RTX.