Highest-materiality recent filing
RTX transfers $2.5B pension obligations to Prudential; expects ~$300M Q4 charge
RTX initiated buy-out of group annuity contract with Prudential transferring ~$2.5B in gross pension obligations.
RTX discloses ransomware incident on MUSE airport passenger processing software
Ransomware on systems supporting MUSE multi-user passenger processing software used by airlines for check-in, baggage handling, and gate resources.
RTX CEO Christopher Calio to become Chairman; Executive Chairman Hayes steps down
Gregory Hayes steps down as Executive Chairman and Board member effective April 30, 2025.
Raytheon enters DPAs with DOJ; SEC order; total payments exceed $950M
DPA-1 resolves FCPA/AECA charges; Raytheon pays $282M criminal penalty and forfeiture to DOJ.
RTX enters $200M consent agreement with State Dept over AECA/ITAR violations
Civil penalty of $200 million; $100 million suspended if used for DTCC-approved remedial compliance measures.
RTX Q2 2024: Adj. EPS $1.41 (+18% YoY), sales $19.7B (+10%), raises full-year guidance
Adjusted sales $19.7B (+10% YoY); GAAP EPS $1.26 (+49%); Adjusted EPS $1.41 (+18%).
RTX Corporation Announces Results of 2024 Annual Meeting, Elects All 13 Director Nominees
All 13 director nominees elected, including Christopher T. Calio and Gregory J. Hayes, with votes for ranging from ~999M to ~1.03B.
RTX names Christopher T. Calio as CEO effective May 2, 2024; Hayes becomes Executive Chairman
Calio succeeds Greg Hayes as CEO at the 2024 Annual Shareowners Meeting on May 2, 2024.
RTX launches $10B accelerated share repurchase and $10B bridge loan
ASR agreements with Morgan Stanley, Citibank, Goldman Sachs for $10B aggregate; initial delivery of ~108.45M shares on Oct 26, 2023.
Pre-tax charge of ~$3B in Q3 2023; total pre-tax impact estimated at $3-3.5B over several years.
Raytheon Technologies shareholders approve charter amendments to eliminate officer liability
Shareholders approved amendment to eliminate personal liability of officers for monetary damages for breach of fiduciary duty, with 897,213,443 votes for, 253,128,687 against.
Raytheon Technologies issues $2.1B new notes & launches $2.1B tender to retire higher-coupon debt
Issued $1.0B of 2.375% Notes due 2032 and $1.1B of 3.030% Notes due 2052.
Gregory J. Hayes, RTX’s current Executive Chairman, has informed the Board of Directors of his intention to not stand for re-election and to step down as Executive Chairman and as a member of the Board, effective April 30, 2025.
the Board elected President and Chief Executive Officer, Christopher T. Calio, to serve as Chairman, President & Chief Executive Officer, effective April 30, 2025.
On July 30, 2024, Robert K. (Kelly) Ortberg notified the Board of Directors (the “Board”) of RTX Corporation (the “Company”) of his intention to resign as a director of the Company, effective as of July 31, 2024.
Troy Brunk, currently president of Collins Aerospace’s Mission Systems business, has been appointed president of Collins Aerospace.
Stephen Timm will be stepping down as president of Collins Aerospace, and retiring from the Company at the end of the first quarter of 2025.
Phil Jasper, currently president of Mission Systems at the Company’s Collins Aerospace business unit, will assume the role of president of Raytheon effective January 7, 2024.
Wesley D. Kremer will be stepping down as president of Raytheon, effective January 7, 2024, and retiring from the Company at the end of the first quarter of 2024.
and a member of the Board, effective December 14, 2023
elected Christopher T. Calio President & Chief Executive Officer, to be effective May 2, 2024
Mr. Hayes will continue to serve as Chairman of the Board and will become Executive Chairman of the Board effective May 2, 2024.
On November 21, 2023, Dinesh C. Paliwal notified the Board of Directors (the “Board”) of RTX Corporation (the “Company”) of his intention to resign as a director of the Company, effective as of December 1, 2023.
On November 21, 2023, the independent directors of the Company’s Board designated Fredric G. Reynolds, a current independent director and Chair of the Audit Committee, to serve as Lead Director, effective December 1, 2023.
Max materiality 0.90 · Median 0.50 · Most common event earnings