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CLAIM #52367 · RTX Corporation (RTX) · 2024Q4 earnings call · Jan 28, 2025 · due Dec 31, 2025

This type of innovation will continue in 2025 as we plan to spend over $7.5 billion again on company and customer-funded R&D to both field new products and develop advanced capabilities that are critical for the next generation of commercial and defense platforms such as fuel efficiency, resilient networks, directed energy, autonomy, AI and advanced materials.

Chris Calio · CEO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
we plan to spend over $7.5 billion again on company and customer-funded R&D
Reported
we invested over $10 billion in CapEx and company and customer funded research and development

How to check this claim

Look at: Total company and customer-funded R&D spending for fiscal year 2025

It came true if: >= $7.5 billion

Where: RTX 10-K / annual report R&D expenditure disclosure

In context

onths, these enhancements showcase our ability to rapidly integrate software and hardware technology into products. And as you may have seen, the Army highlighted the effectiveness of this upgrade with over 170 threats intercepted in recent conflicts. We're leveraging the same rapid development cycle across the company, including on multiple classified programs to meet our customers' urgent need to field improved capabilities. And we continue to make good progress on the GTF Advantage at Pratt with the completion of all engine testing requirements, including a test schedule with more than double the endurance testing of the original program. We're pleased with the results and are on track for engine certification in the first half of this year with deliveries to follow in the second half. This type of innovation will continue in 2025 as we plan to spend over $7.5 billion again on company and customer-funded R&D to both field new products and develop advanced capabilities that are critical for the next generation of commercial and defense platforms such as fuel efficiency, resilient networks, directed energy, autonomy, AI and advanced materials. We're also innovating how we do our work as we continue to implement AI applications across RTX. Last year, we saw benefits in areas including product testing, first article inspections and RFP responses. For example, using Generative AI, Collins' avionics business has seen software testing cycle times improve by 3x, while maintaining our same quality standards. We have a plan this year to deploy another 40 use cases. Through our continued initiatives to leverage machine learning and generative technologies, we expect to improve operational speed, cycle times and capital utilization, while decreasing our dependency on external labor. And lastly, leveraging the breadth and scale of RTX. As part of our broader infrastructure plan to maximize utilization of RTX facilities, Collins is buildin

Verify independently

SEC filings for RTX · Claim quote is verbatim from the 2024Q4 earnings call.