RTX Corporation Appoints Christopher T. Calio as Chairman of the Board

By Bobby Samwell • Monday, February 03 15:26 • Permanent Link

RTX Corporation (NYSE: RTX) announced the election of Christopher T. Calio as the Chairman of the Board, effective April 30, 2025. This development follows the decision of Gregory J. Hayes, the current Executive Chairman, to step down from his position and as a member of the Board prior to the company's 2025 annual meeting.

Hayes has been in the role of Executive Chairman since May 2024, and prior to that, he was the President and CEO of RTX, following the 2020 merger of Raytheon Company and United Technologies. His tenure has spanned a period of significant aerospace and defense industry change, amounting to 35 years of leadership.

Christopher T. Calio, who joined the RTX board of directors in 2023, was elected as the President and CEO of the company on May 2, 2024. In this capacity, Calio has been responsible for leading over 185,000 employees and generating more than $80 billion in annual sales. His focus has been on operational execution and technology innovation aligned with customer needs.

Hayes will transition to the role of Special Advisor to the CEO through January 2, 2026, effective April 30, 2025. He has had a significant career at United Technologies Corporation (UTC), playing various senior leadership roles across finance, corporate strategy, and business development before becoming CEO in 2014 and chairman in 2016.

RTX, as the world's largest aerospace and defense company, recorded sales of more than $80 billion in 2024. The company is headquartered in Arlington, Virginia and is comprised of industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon.

These changes in leadership and the continued growth and performance of RTX reflect a dynamic period for the company, positioning it for success well into the future. Following these announcements, the company's shares moved 0.9%, and are now trading at a price of $130.12. For more information, read the company's full 8-K submission here.

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