#1#2Forward-Looking Statements Note: All results and expectations in the presentation reflect continuing operations unless otherwise noted. This presentation contains statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities laws. From time to time, oral or written forward- looking statements may also be included in other information released to the public. These forward-looking statements are intended to provide RTX Corporation ("RTX") management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid and are not statements of historical fact. Forward-looking statements can be identified by the use of words such as "believe," "expect," "expectations," "plans," "strategy," "prospects," "estimate," "project," "target," "commit," "commitment," "anticipate," "will," "should," "see," "guidance," "outlook," "goals," "objectives," "confident," "on track," "designed to" and other words of similar meaning. Forward-looking statements may include, among other things, statements relating to future sales, earnings, cash flow, results of operations, uses of cash, share repurchases, tax payments and rates, research and development spending, cost savings, other measures of financial performance, potential future plans, strategies or transactions, credit ratings and net indebtedness, targets and commitments (including for share repurchases and free cash flow or otherwise), other anticipated benefits to RTX of its segment realignment, the merger (the "merger") between United Technologies Corporation ("UTC") and Raytheon Company ("Raytheon") or the spin-offs by UTC of Otis Worldwide Corporation and Carrier Global Corporation into separate independent companies (the "separation transactions") in 2020, or the UTC acquisition of Rockwell Collins in 2018, and other statements that are not solely historical facts. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the U.S. Private Securities Litigation Reform Act of 1995. Such risks, uncertainties and other factors include, without limitation: (1) the effect of changes in economic, capital market and political conditions in the U.S. and globally, such as from the global sanctions and export controls with respect to Russia, and any changes therein, including related to financial market conditions, bank failures and other banking industry disruptions, fluctuations in commodity prices or supply (including energy supply), inflation, interest rates and foreign currency exchange rates, disruptions in global supply chain and labor markets, and geopolitical risks; (2) risks associated with U.S. government sales, including changes or shifts in defense spending due to budgetary constraints, spending cuts resulting from sequestration, a continuing resolution, a government shutdown, the debt ceiling or measures taken to avoid default, or otherwise, and uncertain funding of programs; (3) challenges in the development, production, delivery, support, and performance of RTX advanced technologies and new products and services and the realization of the anticipated benefits (including our expected returns under customer contracts), as well as the challenges of operating in RTX's highly- competitive industries; (4) risks relating to RTX's reliance on U.S. and non-U.S. suppliers and commodity markets, including the effect of sanctions, delays and disruptions in the delivery of materials and services to RTX or its suppliers and price increases; (5) risks relating to RTX international operations from, among other things, changes in trade policies and implementation of sanctions, foreign currency fluctuations, economic conditions, political factors, sales methods, and U.S. or local government regulations; (6) the condition of the aerospace industry; (7) the ability of RTX to attract, train and retain qualified personnel and maintain its culture and high ethical standards, and the ability of our personnel to continue to operate our facilities and businesses around the world; (8) risks relating to developments in the coronavirus disease 2019 (COVID-19) pandemic and the impact on RTX's business, supply chain, operations and the industries in which it operates, including the decrease in global air travel, and significant business disruptions;; (9) the scope, nature, timing and challenges of managing acquisitions, investments, divestitures and other transactions, including the realization of synergies and opportunities for growth and innovation, the assumption of liabilities and other risks and incurrence of related costs and expenses; (10) compliance with legal, environmental, regulatory and other requirements, including, among other things, export and import requirements such as the International Traffic in Arms Regulations and the Export Administration Regulations, anti-bribery and anticorruption requirements, such as the Foreign Corrupt Practices Act, industrial cooperation agreement obligations, and procurement and other regulations in the U.S. and other countries in which RTX and its businesses operate; (11) the outcome of pending, threatened and future legal proceedings, investigations and other contingencies, including those related to U.S. government audits and disputes; (12) factors that could impact RTX's ability to engage in desirable capital-raising or strategic transactions, including its capital structure, levels of indebtedness, capital expenditures and research and development spending, and the availability of credit, credit market conditions including the cost of debt, and other factors; (13) uncertainties associated with the timing and scope of future repurchases by RTX of its common stock or declarations of cash dividends, which may be discontinued, accelerated, suspended or delayed at any time due various factors, including market conditions and the level of other investing activities and uses of cash; (14) risks relating to realizing expected benefits from, incurring costs for, and successfully managing, the Company's segment realignment effective July 1, 2023, the merger, and other RTX strategic initiatives such as cost reduction, restructuring, digital transformation and other operational initiatives; (15) risks of additional tax exposures due to new tax legislation or other developments, in the U.S. and other countries in which RTX and its businesses operate; (16) risks relating to addressing the identified rare condition in powdered metal used to manufacture certain Pratt & Whitney engine parts that will require accelerated removals and inspections of a significant portion of the PW 1100G-JM fleet, including the timing and costs relating thereto, as well as issues that could impact RTX product performance, including quality, reliability or durability (17) risks relating to a RTX product safety failure or other failure affecting RTX's or its customers' or suppliers' products or systems; (18) risks relating to cyber-attacks on RTX's information technology infrastructure, products, suppliers, customers and partners, threats to RTX facilities and personnel, as well as other events outside of RTX's control such as public health crises, damaging weather or other acts of nature; (19) the effect of changes in accounting estimates for our programs on our financial results; (20) the effect of changes in pension and other postretirement plan estimates and assumptions and contributions; (21) risks relating to an impairment of goodwill and other intangible assets; (22) the effects of climate change and changing climate-related regulations, customer and market demands, products and technologies; and (23) the intended qualification of (i) the merger as a tax-free reorganization and (ii) the separation transactions and other internal restructurings as tax-free to UTC and former UTC shareowners, in each case, for U.S. federal income tax purposes. For additional information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, see the reports of RTX, UTC and Raytheon on Forms S-4, 10-K, 10-Q and 8-K filed with or furnished to the Securities and Exchange Commission from time to time. Any forward-looking statement speaks only as of the date on which it is made, and RTX assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law. RTX 1#32Q 2023 Highlights Sales up 13% organically* year-over-year with 26% adjusted segment operating profit* growth Commercial aerospace momentum continues with aftermarket sales up 27% and OE up 17% year-over-year Defense backlog execution drives 5% year-over-year defense sales growth Realized $70M of incremental cost synergies; achieving previous $1.5B target Record RTX backlog of $185B; Received $25B of new awards; 1.34 Q2 book-to-bill Returned $1.4B of capital to shareowners in Q2; including $596M of share repurchases Sales RTX *See Appendix for additional information regarding these non-GAAP financial measures. Organic sales growth %* Adjusted EPS* Free cash flow* Full Year Outlook $73.0B - $74.0B Prior: $72.0B - $73.0B 9% - 10% Prior: 7% - 9% $4.95 - $5.05 Prior: $4.90 $5.05 Adjusted segment margin* expansion of 110 basis points; revising 2023 outlook ~$4.3B Prior: $4.8B ↑ ↓ 2#42Q 2023 $16.3B 2022 Sales 13% organic growth* $18.3B 2023 RTX *See Appendix for additional information regarding these non-GAAP financial measures. GAAP EPS from continuing operations Up 2% $0.88 2022 $0.90 2023 Adjusted* $1.16 2022 Up 11% 2022 Excludes: Acq. Accounting Adj. ($0.23) Restructuring Other ($0.01) ($0.04) $1.29 2023 2023 ($0.26) ($0.04) ($0.09) $0.7B Cash Flow from continuing operations Cash Flow ($0.5B) CapEx Delivered organic sales* growth of 13% and adjusted EPS* growth of 11% $0.2B Free Cash Flow* 3#5Raytheon Missiles & Defense Segment Highlights 2Q 2023 ● ● ● Sales Operating Profit ROS Reported - 4,000 415 Adjusted operating profit* up 23% Adjusted* 4,000 427 Backlog $35 billion 10.4% Organic sales* up 13% Adjusted sales* up 12% Higher volume in Air Power, Advanced Technology, and Land Warfare & Air Defense 10.7% Favorable net program efficiencies Higher volume YOY Var.* 12% - ($ millions) 23% 90 bps Unfavorable mix resulting from early stage production programs 2Q book-to-bill ratio 0.92, YTD book-to-bill ratio 1.17 $1.2B for AMRAAM $294M of classified bookings $265M for Javelin $251M for AIM-9X $237M for CLEAVAR RTX *See Appendix for additional information regarding these non-GAAP financial measures. RMD was awarded a $1.2 billion contract for C-8 AMRAAMⓇ and AIM-120 D-3 missiles. This is the largest AMRAAM missile contract to date and the fifth production lot of the highly advanced missiles developed under the Form, Fit, Function Refresh, which updates the missile's hardware and allows for agile software upgrades. 4#6#7#8#9#10#11#12#13#14#15#16#17#18#19#20#21#22#23#24#25#26#27#28#29#30#31