By the numbers 2024 FINANCIALS1 SALES MIX Dollars in billions,except per share data $80.8Adjusted net sales1 $5.73Adjusted earningsper share1 $7.7 Research anddevelopment2 $7.2Cash flowfrom operations $2.48 ABOUT RTX Dividends paidper common share With approximately 186,000 global employees, RTX pushesthe limits of technology and science to redefine how we connectand protect our world. Through industry-leading businesses —Collins Aerospace, Pratt & Whitney and Raytheon — we areadvancing aviation, engineering integrated defense systems,and developing next-generation technology solutions andmanufacturing to help global customers address their most criticalneeds. The company is headquartered in Arlington, Virginia. $218Backlog To learn more, visitwww.rtx.com. Dear Shareowners, have showcased our ability to rapidly and effectivelyintegrate software and hardware technology whilesimultaneously increasing capacity and acceleratingdelivery across established and new programs. At RTX, our team shows up every dayfocused on executing for our customersand delivering the solutions that makethe world safer and more connected. Executing on our commitments This past year was a period of remarkable growth acrossaerospace and defense. In commercial aerospace, airtravel has surged, fully rebounding from the impact of theCOVID-19 pandemic. On the defense side, the importanceof our contributions to national security has driven anunprecedented demand for our products and solutions. In 2025, Pratt & Whitney is set to deliver the first productionengines of the GTF Advantage, featuring greater thrustand better fuel efficiency. We also invested more than$500 million in facilities supporting critical defenseprograms, including breaking ground to increase by50 percent the factory space at our Redstone RaytheonMissile Integration Facility in Huntsville, Alabama. Inaddition, we enhanced capabilities of our Coyote effectoragainst complex drone targets, which we designed,produced and fielded in less than 18 months. And wesimultaneously optimized how we ramp up output, withRaytheon planning to increase Coyote production by93 percent in 2025 and double its current productioncapacity by 2027. In 2024, we made strong progress on our operationaland financial goals by focusing on three strategicpriorities: executing on our commitments, innovatingfor future growth and leveraging our breadth and scale.Our $218 billion backlog reflects our industry-leadingbusinesses and the tremendous call for our capabilitiesand offerings. Raytheon’s systems, like Patriot, NationalAdvanced Surface-to-Air Missile System (NASAMS), andUpgraded Early Warning Radars are protecting more than50 countries around the world. Collins Aerospace has aninstalled base of $170 billion, including avionics, powersystems and advanced structures on more than 115,000aircraft. And Pratt & Whitney has more than 90,000 enginesin service powering aircraft across the commercial anddefense sectors. Leveraging our breadth and scale All of this is possible because of the breadth and scale ofour capabilities across our businesses, which allows us todevelop and deploy best-in-class methods for designing,manufacturing and servicing our products. Meeting ourcommitments to customers is the foundation of our success. Throughout the year, we demonstrated continuedstrength in our operations by delivering adjusted net sales*of $80.8 billion and adjusted earnings per share* of $5.73.We generated $7.2 billion in cash flow from operations,which resulted in $4.5 billion in free cash flow* in 2024. I’m proud to be part of a team that’s united by our values —safety, trust, respect, accountability, collaboration andinnovation — and driven by our mission to connect andprotect the world. I want to thank our employees, whose uncommondedication to our mission and our customers has madeall our achievements possible. Investing for future growth To drive future growth and innovation, in 2024 weinvested $10.3 billion in company- and customer-fundedresearch and development and in capital expenditures.We advanced our technology roadmaps in areas suchas next generation propulsion, hypersonics, advancedmaterials and artificial intelligence. And in doing so we Christopher T. Calio President, Chief Executive Officer Business highlights Collins Aerospace is a leader in integrated and intelligent solutionsfor the global aerospace and defense industries. Collins demonstrated 80 kilowatts of cooling capacity across a rangeof operating conditions for its Enhanced Power and Cooling System.EPACS will more than double the current F-35’s cooling capability,supporting modernization and future upgrades. $28.3BAdjusted net sales* Collins signed a 10-year contract with Air Europa to provide comprehensivemaintenance, repair and overhaul (MRO) services for the airline’s fleetof 787 aircraft. This includes onsite support for a number of 787 systems,including electric power, environmental control, avi