RTX Corporation
RTX Board Elects Christopher T. Calio as Chairman; Gregory J. Hayes to Transition to Special Advisor
Summary
On February 3, 2025, RTX Corporation announced that Gregory J. Hayes, its Executive Chairman, will not stand for re-election and will step down as Executive Chairman and Board member, effective April 30, 2025. He will transition to the role of Special Advisor to the CEO until January 2, 2026. Concurrently, the Board elected Christopher T. Calio, the current President and CEO, to serve as Chairman, President & CEO, effective from April 30, 2025. The Board also approved compensation and benefits for Mr. Hayes in his new role, including his annual base salary and continued participation in benefit plans. A press release detailing these changes is furnished as Exhibit 99.1.
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Exhibits (1)
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About RTX Corporation
RTX Corporation, previously known as Raytheon Technologies, is a prominent aerospace and defense company headquartered in Arlington, Virginia. This corporation's primary function lies in providing advanced systems and technologies to both commercial aerospace manufacturers and defense sectors worldwide. Key offerings include missile defense systems, radar technologies, avionics, and cyber protection solutions, highlighting its integral role in national and international security. The company is a notable player in the aerospace and defense industry, impacting sectors such as military defense, commercial aviation, and space exploration. Through divisions like Pratt & Whitney and Collins Aerospace, RTX Corporation delivers state-of-the-art jet engines and avionics technologies widely used by numerous airlines and defense agencies globally. In the financial markets, RTX holds a significant position due to its size, innovation, and strategic partnerships, influencing manufacturing and technology standards across the globe. Its continuous investment in research and development underscores its commitment to leading technological advancements in defense and aerospace, addressing the evolving needs of modern warfare and air travel.
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