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This statistic highlights Raytheon Technologies Revenue by Region, split across the Asia Pacific, Europe, US, EMEA (Europe, Middle East, Africa), Canada, and US, reported on a quarterly basis from Q1 2018 onwards.
Raytheon Technologies Corporation is American multinational aerospace as well as a defense company. It is headquartered in Waltham, Massachusetts. It conducts research, is involved in developing, and manufacturing advanced technology products in the aerospace as well as defense industry which includes aircraft engines, aerostructures, cybersecurity, guided missiles, air defense systems, and satellites.
|Category||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
|Asia Pacific||$1.70||$ 2.00||$ 2.01||12.37%|
|Canada and all other||$0.41||$ 0.52||$ 0.56||3.47%|
|EMEA||$1.06||$ 1.17||$ 1.14||7.03%|
|Europe||$ 2.01||$ 2.32||$ 2.41||14.85%|
|US||$ 9.57||$ 9.87||$ 10.10||62.27%|
|Total||$ 14.75||$ 15.88||$ 16.21||100%|
(All figures in billions, except for percentages)
Raytheon Technologies’ total revenue grew from $14.75 billion in Q3 2020 to $16.21 billion in Q3 2021, marking an increase of 9.8%. It was also increased by 2.08% from $15.88 billion in Q2 2021 to $16.21 billion in Q3 2021 .
Raytheon Technologies ‘ revenue is further bifurcated into the following regions:
Raytheon Technologies’ revenue from Asia Pacific’s region increased from $1.70 billion in Q3 2020 to $2.01 billion in Q3 2021. This indicates an 18.24% increase in Q3 2021. It increased by 0.5% from $2 billion in Q2 2021 to Q3 2021. Asia Pacific contributed 12.37% in the total revenue generated by the company in Q3 2021.
Canada and all other
Raytheon’s revenue from Canada and other countries’ regions showed a gradual increase from $0.41 billion in Q3 2020 to $0.52 billion in Q2 2021 and made it to $0.56 billion in Q3 in 2021. The company was able to increase its revenue by 36.59% in a year from Q3 2020 to Q3 2021. This region captured 3.47% of the total revenue.
EMEA(Europe, middle east, Africa)
The revenue earned from EMEA showed an increase from $1.06 billion in Q3 2020 to $1.17 billion in Q2 2021 but decreased to $1.14 billion in Q3 2021. Comparing it yearly (Q3 2020 to Q3 2021), the company has increased its revenue by $0.08 billion which is a 7.55% hike but comparing it quarterly, the company faced a decline of $0.03 billion (2.63%). This region contributes 7.03% of total revenue.
Raytheon’s revenue from the Europe region increased from $2.01 in Q3 2020 to $2.41 in Q3 2021. This depicts an increase in revenue by 19.9% ($40 billion) in a year. Quarterly, the company generated an increase of only 3.88% revenue between Q2 2021 and Q3 2021. This region contributed 14.85% in the total revenue generated by the company in Q3 2021.
Raytheon technologies earn a major portion of its revenue from the US market. US generated 62.27% of the whole revenue in Q3 2021 with an increase in the revenue of 5.54% from Q3 2020 to Q3 2021. Quarterly, the revenue increased by 2.33% between Q2 2021 and Q3 2021.
Newly established in the year 2020, the company is the result of the merger between the aerospace subsidiaries of United Technologies Corporation (UTC) and the Raytheon Company, completed in April 2020. This company is a huge provider of high technology products and services to the aerospace as well as defense industries. The company is also a major military contractor, with the US government accounting for a significant portion of its revenue. Customers in the commercial aerospace and defense industries are served by Raytheon Technologies. It combines complementary technology offerings and world-class engineering in order to deliver innovative solutions. Raytheon Technologies is working towards advancing aviation and building smarter defense systems. The company has also invested heavily in India’s aerospace and defense sector to expand its footprints in India and offer a wide range of products and services to commercial and government customers and are partnering with Indian-based companies to develop talent and manufacture products locally to support Make in India.
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