WALTHAM, Mass., Dec. 7, 2021 /PRNewswire/ -- Raytheon
Technologies' (NYSE: RTX) Board of Directors authorized today the
repurchase of up to $6 billion of the
company's outstanding common stock. The new authorization replaces
the company's previous program, approved Dec. 7, 2020. Share repurchases may take place
from time to time, subject to market conditions and at the
company's discretion, in the open market, through privately
negotiated transactions or other means.
About Raytheon Technologies
Raytheon Technologies
Corporation is an aerospace and defense company that provides
advanced systems and services for commercial, military and
government customers worldwide. With four industry-leading
businesses ― Collins Aerospace Systems, Pratt & Whitney,
Raytheon Intelligence & Space and Raytheon Missiles &
Defense ― the company delivers solutions that push the boundaries
in avionics, cybersecurity, directed energy, electric propulsion,
hypersonics, and quantum physics. The company, formed in 2020
through the combination of Raytheon Company and the United
Technologies Corporation aerospace businesses, is headquartered in
Waltham, Massachusetts.
Cautionary Statement Regarding Forward-Looking
Statements
This release includes "forward-looking
statements" under the securities laws. All forward-looking
statements involve risks, uncertainties and assumptions that may
cause actual results to differ materially from those expressed or
implied in the forward-looking statements. The company is not
obligated to purchase any shares under this authorization and may
discontinue share repurchases at any time or periodically without
notice. The timing, amount and form of future share repurchases
under this authorization, if any, are subject to a number of risks
and uncertainties. These factors include those described under the
caption "Risk Factors" in our reports on Forms 10-K, 10-Q and 8-K
filed with the SEC from time to time.
Media Contact
C: 202.384.2474
Investor Contact
C: 781.522.5123
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SOURCE Raytheon Technologies