United Technologies Corporation is a diversified company organized in five sectors of activity: aeronautics, aerial navigation system, elevators, climate engineering and security. Funded by Elisha Otis, who invented the safety elevator in 1852, and one year later, launched the Otis elevator company. The Apollo 11 landed on the moon was supported by environmental control and life support system manufactured by UTC’s branch.
According to Thomson-Reuters’ consensus, the company seems correctly valued with a price earnings ratio of 15x for this financial year, and an enterprise value to revenues of 1.38 for the same year. The company’s revenues are revised regularly upward by analysts covering the enterprise.
Technically, the share is in bullish trend in short and mid-term. This trend is supported by moving average 20 periods. From its low of 67 USD hit in August, the share has retraced more 60% of the downward trend began last July. The share is testing the 85 USD long term resistance. If at trading session’s closure the share is above this level, we could fix a target price at 91 USD, historic higher reached last July. We could place a stop loss around 20-days moving average at 83 USD, in order to cover a position.
RTX Corporation (formerly Raytheon Technologies Corporation) is among the world's leading aeronautics and defense groups. Net sales (including intragroup) break down by sector of activity as follows:
- aerial navigation systems (29.3%; Collins Aerospace): manufacturing of electrical, electronical and mechanical systems for aircrafts (compressors, airplane control, etc.), civil and military helicopters, etc.;
- aeronautics (29.2%; Pratt & Whitney): design and manufacturing of civil and military aircraft engines, gas turbines, rocket engines and propulsion systems;
- missile systems, and integrated air and anti-missile defense systems (21.1%; Raytheon Missiles & Defense): design and manufacturing of weapons systems, missiles, munitions, projectiles, radars systems, control and monitoring equipment, communication, information, detection and imaging systems, etc. ;
- aerospace systems (20.4%; Raytheon Intelligence & Space): production of radars, airborne sensors, tactical airborne communications systems, software-defined radio solutions, advanced tactical networking systems, cryptographic systems, real-time sensor networking systems, etc.
Net sales break down by source of revenue between sales of products (76.7%) and services (24.3%).
Net sales are distributed geographically as follows: the United States (86.3%), Europe (5.8%), Asia/Pacific (2.7%), North Africa and Middle East (0.2%) and other (5%).
RTX CORPORATION 
