RTX (Raytheon)
Makes airplane engines, airplane parts and defense systems.
📖 Its story
In 1922, three friends started a company in Massachusetts that was later called Raytheon, and it made tubes for radios. Over the years it grew a lot. In 2020 it joined with United Technologies, and today it's called RTX.
💵 How it makes money
It sells engines (Pratt & Whitney) and airplane equipment to airlines, and defense systems to governments.
🤯 Fun fact
A Raytheon engineer, Percy Spencer, invented the microwave oven after a chocolate bar melted in his pocket near a radar.
👍 The good part
Its engines and parts are in many of the airplanes flying around the world.
⚠️ The risk
It depends a lot on what governments decide to spend, and a problem with its engines can cost it a lot.
🧠 Did you get it?
What kitchen appliance did a Raytheon engineer invent?
🗂️ Quick facts
- Founded in: 1922
- Founded by: Laurence Marshall, Vannevar Bush and Charles G. Smith
- Home: Arlington, Virginia, USA
🔎 How to find it on the stock market
- Search the internet for RTX stock.
- You can also find it in your parents' investing app with the letters RTX.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in RTX (Raytheon). Ask your mom or dad to join the list.
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