Raytheon Technologies, Otis And Carrier Begin Regular Way Trading [Forbes]
RTX Corporation (RTX)
Company Research
Source: Forbes
(Photo credit should read JIM WATSON,NOVA SAFO/AFP via Getty Images)On November 26, 2018, United Technologies Corp.UTXOn April 3, 2020, United Technologies Corp, renamed as Raytheon Technologies (NYSE: RTX, $49.93, Market Capitalization: $75.7 billion) completed the tax-free spin-off of Otis Worldwide Corp (NYSE: OTIS, $47.32, Market Capitalization $20.5 billion) and Carrier Global Corp (NYSE: CARR, $16.92, Market Capitalization $14.7 billion).United Technologies shareholders received one (1) ordinary share of Carrier common stock, and one-half (0.5) share of Otis common stock for every one ordinary share of UTX held as of the record date of 3/19. Following the spin-offs of Otis and Carrier by United Technologies (UTX), the remaining company merged with Raytheon Co, and the combined company is named as Raytheon Technologies. Post spin-off, Raytheon will focus on defence and aerospace business while Otis will consist of Elevator business, which will focus on its electrical enclosures,
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RTX
News
- RTX Co. (NYSE: RTX) was upgraded by analysts at Royal Bank of Canada from a "sector perform" rating to an "outperform" rating. They now have a $140.00 price target on the stock, up previously from $130.00.MarketBeat
- RTX aims to boost India headcount by 14% in 3 years, execs say [Yahoo! Finance]Yahoo! Finance
- RTX's Raytheon and Ursa Major conduct successful flight test [Yahoo! Finance]Yahoo! Finance
- RTX's Raytheon and Ursa Major conduct successful flight testPR Newswire
- iBase-t Appoints Aerospace & Defense Industry Veteran as Vice President of Professional Services [Yahoo! Finance]Yahoo! Finance
RTX
Earnings
- 10/22/24 - Beat
RTX
Sec Filings
- 12/19/24 - Form 4
- 10/22/24 - Form 10-Q
- 10/22/24 - Form 8-K
- RTX's page on the SEC website