What risks could affect RTX's earnings in 2025?

Raytheon Technologies (RTX) faces several risks that could impact its earnings in 2025: 1. **Supply Chain Constraints**: Ongoing supply chain issues, particularly in structural castings and isothermal forgings, pose a challenge to RTX's performance. The company has anticipated a $0.15 headwind from lower FAS/CAS and non-service pension income in 2025. 2. **Powder Metal Compensation Impacts**: The company is dealing with ongoing powder metal compensation impacts, expected to be between $1.1 billion and $1.3 billion in 2025. 3. **Inventory Destocking Risk**: There is a potential risk of inventory destocking at airlines, which could impact Collins' aftermarket growth. 4. **Inflation and Lower-than-Expected OE Volumes**: Ongoing inflation and lower-than-expected Original Equipment (OE) volumes pose challenges to RTX's margins and profitability. 5. **Divestitures and Pension Income**: RTX anticipates a $0.07 EPS headwind from divestitures and a $0.15 headwind from lower FAS/CAS and non-service pension income in 2025. In summary, RTX's earnings in 2025 could be affected by supply chain constraints, powder metal compensation impacts, inventory destocking risk, inflation, lower-than-expected OE volumes, and divestitures and pension income.