Summary
RTX Corporation, formerly Raytheon Technologies Corporation, has officially changed its corporate name to RTX Corporation, effective July 17, 2023. This name change, approved by the Board of Directors, is reflected in amendments to the company's Certificate of Incorporation and Bylaws. The company's common stock will continue to trade under the ticker symbol 'RTX' on the New York Stock Exchange. However, the stock will trade under the new name, RTX Corporation, starting July 27, 2023, after trading under the former name through July 26, 2023. The CUSIP number remains unchanged. This corporate rebranding is not expected to impact the rights of shareholders.
Key Highlights
- 1Corporate name change from Raytheon Technologies Corporation to RTX Corporation effective July 17, 2023.
- 2Name change approved by the Board of Directors; no shareholder approval required.
- 3Amended Certificate of Incorporation and Bylaws to reflect the new corporate name.
- 4Common stock to continue trading under the ticker symbol 'RTX' on the NYSE.
- 5Stock trading under the new name 'RTX Corporation' begins July 27, 2023.
- 6Trading under the former name 'Raytheon Technologies Corporation' concludes on July 26, 2023.
- 7The name change does not affect shareholder rights or the company's CUSIP number.
Frequently Asked Questions
The company officially changed its name to RTX Corporation effective July 17, 2023. This change was approved by the Board of Directors and reflects a corporate rebranding. While the filing doesn't detail the strategic reasons, name changes often signify a broader evolution of the company's identity or business focus.
The company's common stock will continue to trade under its former name, Raytheon Technologies Corporation, through July 26, 2023. It will then begin trading under the new name, RTX Corporation, on July 27, 2023.
No, the ticker symbol for RTX Corporation's common stock will remain 'RTX' on the New York Stock Exchange.
No, shareholders do not need to take any action. The name change does not affect the rights of its shareowners, and the CUSIP number will remain unchanged.