Raytheon Technologies’ Revenue by Segment (2016-2023)

Exclusive Data

You need the Pro Plan to access KPI data

Pro Plan

$49 per month*

60% discount ends in:

00
Days
00
Hours
00
Mins.
00
Seconds

.

About

This statistic highlights Raytheon Technologies’ Revenue by Segment, split between Product and Service segments, reported on a quarterly basis from Q1 2016 onwards.

Become a smarter investor today.

Access KPIs & Segment Financials on US stocks

This statistic highlights Raytheon Technologies’ Revenue by Segment, split between Product and Service segments, reported on a quarterly basis from Q1 2016 onwards.

Raytheon Technologies’ Revenue by Segment

Segment Q3 2020 Q2 2021 Q3 2021 Contribution in Q3 2021
Product $ 11.46 $ 12.18 $ 12.33 76.06%
Service $ 3.28 $ 3.70 $ 3.88 23.94%
Total $ 14.74 $ 15.88 $ 16.21 100%

(All figures are in billions, except percentages)

Raytheon Technologies’ total revenue by segment increased from $14,74 billion in Q3 2020 to $16.21 billion in Q3 2021, marking approximately 10% growth on a year-on-year basis. It also rose from $15.88 billion in Q2 2021 to $16.21 billion in Q3 2021 i.e., 2.09% growth on a quarter-on-quarter basis.

Raytheon Technologies’ revenue is further bifurcated into Product and Services segments:

Product

RTX investigates, evolves, and produces high-tech products in the aeronautical and defense/ safety industry. It produces aircraft engines, aero-structure, guided missiles, cybersecurity, avionics, satellites, and drones. The company gets a huge portion of its revenue from the Government of the United States as it is a large military dealer to the Govt. The products of this company include Joint Strike missile, Storm Breaker Smart weapon, Pave-way bomb, etc. of the Air Warfare section. The Counter UAS includes products such as Phaser High power missile system. Many products also are part of Counter UAS, Hyper-sonics, Land warfare, Missile defense, and Naval warfare.

The product segment generates the maximum revenue by segment which accounts for 76.06% of the total revenue by all segments as of Q3 2021. The revenue increased from $11.46 billion in Q3 2020 to $12.33 billion in Q3 2021, marking a rise of 7.5% on a year-on-year basis. Further, it also grew from $12.18 billion in Q2 2021 to $12.33 billion in Q3 2021, which accounts for a rise of 1.2% on a quarter-on-quarter basis.

Services

Raytheon Technologies Corporation supports hundred millions of users across the globe. The learning technology services of RTX include evaluation and appointment, execution, consolidation, and management. This public company is advancing significant suggestions to resolve some of the Earth’s substantial problems by bringing out the most brilliant and creative minds across space, defense, and aviation.

The services segment generated 23.94% of the total revenue generated by the two segments altogether as of Q3 2021. The revenue from the service segment increased by $0.6 billion, i.e., by 18.42% on a year-on-year basis. Further, it also increased on a quarter-on-quarter basis from $3.70 billion in Q2 2021 to $3.88 billion in Q3 2021, i.e., by 4.89%.

About the Company

Raytheon was started in 1922 in Cambridge in the United States of America with headquarters in Waltham in Massachusetts in the United States of America. In the year 2020, United Technologies Corporation was merged with Raytheon Company and hence, the name was changed to Raytheon Technologies Corporation. It is a public company that comes under the Aerospace Defense Information Security Electronics Industry. The company consists of four dominant industry businesses – Pratt and Whitney, Raytheon Missiles and Defense, Collins Aerospace, Raytheon Intelligence, and Space.

It is a global aviation and shielding corporation that provides advanced equipment and services to retail, military, and government customers. It is one of the biggest aerospace, intuitive services contributors in the globe by market and revenue subsidization. It is also a major dealer of defense products to the Government of the United States of America. So, the Government is a major source of revenue generation. The number of employees in the company as of the year 2020 is 1,80,000 and the current CEO is Gregory J. Hayes. It is traded on the New York Stock Exchange under the ticker symbol RTX.

Did you like Raytheon Technologies’ Revenue by Segment statistic?

Access Key Performance Indicator (KPI) data points and segment financials on US stocks, with Business Quant.

You can get started here.

Read more

Our Plans

Always know what you’ll pay. No hidden costs or surprises.

  • Annual
  • Monthly

Basic

Get to know us

  • Access basic data
  • No credit card required
$0
per month
Start for Free

60% discount until this Sunday

Pro

For serious investing

  • Company KPI data Access segment financials, non-GAAP metrics and KPI data from presentations and filings. Examples include financials by segment / region / product category, AT&T's broadband subscriber trends, Tesla's deliveries by model and lots more.
  • Stock research tools Features include : stock screener, stock comparison, industry financials, stock warnings, advanced charting tools, timeseries tables, scatter charts, financial statements, stock reports, SEC filings, stock ratings, institutional and insider ownership data. There are 200+ financial items and ratios on thousands of US stocks.
  • Industry data & tools Access premium operating data on 40+ industries. Examples include market share, smartphone shipments by vendor, subscribers by wireless carrier, historical gold production. There are 20,000+ such statistics.
$49
$19
per month*
Buy Now

Enterprise

For tailored workflows

  • All of Pro plan Get unfettered access to all our dashboards and dossiers.
  • Custom built features Get tailored dashboards built specially for you , based on your set of requirements, to simplify your research workflow.
  • Admin billing Back-end documentation support and multi-seat licensing.
$99
per month, onwards*
Contact Us

* Billed annually, local taxes extra. 

Basic

Get to know us

  • Access basic data
  • No credit card required
$0
per month
Start for Free

60% discount on Annual plan

Pro

For serious investing

  • Company KPI data Access segment financials, non-GAAP metrics and KPI data from presentations and filings. Examples include financials by segment / region / product category, AT&T's broadband subscriber trends, Tesla's deliveries by model and lots more.
  • Stock research tools Features include : stock screener, stock comparison, industry financials, stock warnings, advanced charting tools, timeseries tables, scatter charts, financial statements, stock reports, SEC filings, stock ratings, institutional and insider ownership data. There are 200+ financial items and ratios on thousands of US stocks.
  • Industry data & tools Access premium operating data on 40+ industries. Examples include market share, smartphone shipments by vendor, subscribers by wireless carrier, historical gold production. There are 20,000+ such statistics.
$49
per month*
Buy Now

Enterprise

For tailored workflows

  • All of Pro plan Get unfettered access to all our features.
  • Custom built features Get tailored dashboards built specially for you , based on your set of requirements, to simplify your research workflow.
  • Admin billing Back-end documentation support and multi-seat licensing.
$99
per month, onwards*
Contact Us

* Local taxes extra. 

BQ Star Yellow 60%

Get Pro for 60% off

  • Access all features immediately
  • Datasets updated every day
  • Export data in CSV and XLSX formats

Offer Ends In

Starting from $49 $19 / month

.

BQ Star Yellow 60%

Get Pro for 60% off

  • Access all features immediately
  • Datasets updated every day
  • Export data in CSV and XLSX formats

Offer Ends In

Starting from $49 $19 / month

.