RTX Corporation's (NYSE:RTX) President and COO, Christopher T. Calio, will assume the role of CEO, succeeding Gregory J. Hayes, during the 2024 Annual Shareowners Meeting on May 2.
Hayes will continue to serve as executive chairman of RTX. Calio was also appointed to the company's board of directors, effective December 14, 2023.
In the current role, Calio oversees the company's three business units, as well as its functions for technology, engineering, enterprise services, digital, operations, quality, supply chain, environment, health and safety.
Prior to his current role, Calio was president of Pratt & Whitney, where he led the business that designs, manufactures and services aircraft engines and auxiliary power units.
RTX recently faced issues with the Pratt & Whitney Geared Turbo Fan (GTF) engine fleet arising from the previously disclosed rare condition in powder metal used to manufacture certain engine parts.
Earlier this month, RTX's Collins Aerospace disclosed a collaboration with EasyJet Plc (OTC:ESYJY) to activate GlobalConnectSM connected aircraft services on over 330 Airbus SE (OTC: EADSY) aircraft in its fleet.
In October, the company inked a joint venture pact with Rafael Advanced Defense Systems to build a manufacturing facility in East Camden, Arkansas.
The companies will produce the Tamir missile for the Iron Dome Weapon System and its U.S. variant, SkyHunter.
Read Next: RTX & Rafael To Launch Missile Production Hub In Arkansas: Production Ramp-Up Scheduled For 2025
Price Next: RTX shares are trading higher by 0.43% premarket to $82.21 premarket on the last check Friday.