RTX Corporation reported Q2 2024 revenue of $19.7 billion, an 8% increase from $18.3 billion in Q2 2023, driven by strong growth at Collins Aerospace and Pratt & Whitney. However, net income fell to $111 million from $1.3 billion, primarily due to a $918 million charge related to expected resolution of legal matters and a $575 million charge for a contract termination at Raytheon.Collins Aerospace saw revenue rise 10% to $7.0 billion with operating profit up 24% to $1.1 billion, while Pratt & Whitney's revenue grew 19% to $6.8 billion with operating profit more than doubling to $542 million. Raytheon's revenue declined 3% to $6.5 billion with operating profit dropping 80% to $127 million due to the contract termination charge.The company maintained strong liquidity with $6.0 billion in cash and generated operating cash flow of $3.1 billion in the first half. RTX expects to finalize agreements with DOJ and SEC in the second half of 2024 regarding certain legal matters, with estimated cash outflows of approximately $1.0 billion. The company continues to execute its $10 billion accelerated share repurchase program announced in October 2023.

RTX Corporation reported Q2 2024 revenue of $19.7 billion, an 8% increase from $18.3 billion in Q2 2023, driven by strong growth at Collins Aerospace and Pratt & Whitney. However, net income fell to $111 million from $1.3 billion, primarily due to a $918 million charge related to expected resolution of legal matters and a $575 million charge for a contract termination at Raytheon.Collins Aerospace saw revenue rise 10% to $7.0 billion with operating profit up 24% to $1.1 billion, while Pratt & Whitney's revenue grew 19% to $6.8 billion with operating profit more than doubling to $542 million. Raytheon's revenue declined 3% to $6.5 billion with operating profit dropping 80% to $127 million due to the contract termination charge.The company maintained strong liquidity with $6.0 billion in cash and generated operating cash flow of $3.1 billion in the first half. RTX expects to finalize agreements with DOJ and SEC in the second half of 2024 regarding certain legal matters, with estimated cash outflows of approximately $1.0 billion. The company continues to execute its $10 billion accelerated share repurchase program announced in October 2023.