RTX

Raytheon Technologies Corporation is an American multinational conglomerate headquartered in Waltham, Massachusetts. The company is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization. It researches, develops, and manufactures advanced technology products in the aerospace and defense industry, including aircraft engines, avionics, aerostructures, cybersecurity, missiles, air defense systems, and drones. The company is also a large military contractor, getting a significant portion of its revenue from the U.S. government.The company is the result of the merger of equals between the aerospace subsidiaries of United Technologies Corporation (UTC) and the Raytheon Company, which was completed on April 3, 2020. Before the merger, UTC spun-off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation. UTC is the nominal survivor of the merger but it changed its name to Raytheon Technologies and relocated its headquarters to Waltham. Former UTC CEO and chairman Gregory J. Hayes is the CEO of the combined company, and former Raytheon CEO and chairman Thomas A. Kennedy is the Executive Chairman.The company has four subsidiaries: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense.

RTX has been a target of short sellers for a while. The current short interest of 0.92% is roughly at the average of the last 12 months (0.99%).