Performance Metrics

Achieving strong financial performance during the year, including: Net sales growth of 17.1% (GAAP), 8.8% (adjusted) and organic sales growth of 11%. Diluted EPS of $3.55 (GAAP) and $5.73 (adjusted). $7.2 billion in cash flow from operations and over $2.6 billion invested in capital expenditures, resulting in $4.5 billion in free cash flow. Adjusted segment margin expansion at each of our business units. $112 billion of new bookings during the year, and increasing our year-over-year backlog by 11% to $218 billion. Delivering on the promise of the Merger, including: Returning $3.7 billion to shareowners through dividends and share buybacks in 2024, bringing our total to over $33 billion since the Merger, which exceeds our original goal of $20 billion by 2025, and puts us on track to achieve our revised $36 to $37 billion goal. Exceeding our $2 billion gross cost synergy commitment one year ahead of schedule. Leveraging the breadth and scale of RTX to drive down costs, improve performance and deliver groundbreaking technologies, including: Simplifying our digital footprint through the elimination of over 250 systems, to streamline our engineering, supply chain and manufacturing processes. Executing 60 long-term supplier agreements for unique alloys that we, and our suppliers, can leverage to reduce lead time and increase cost savings. Completing the divestiture of two noncore businesses during the year—Raytheon’s Cybersecurity, Intelligence & Service business and Collins Aerospace’s Hoist & Winch business. Making significant progress toward the resolution of the Pratt & Whitney powder metal matter, where we saw increased maintenance, repair and overhaul (“MRO”) capacity, remained on track with our financial and operational assumptions, and entered into support agreements with most of our impacted customers.