What drove RTX's revenue growth in 2024?

Raytheon Technologies (RTX) experienced a modest revenue growth of 0.17% in Q4 2024, with the total revenue reaching $80.74 billion for the year. The growth drivers for RTX's revenue in 2024 include: 1. **Aerospace and Defense Contracts**: RTX's revenue growth was supported by significant contracts in the aerospace and defense sectors. The company secured a modification contract for the Patriot missile program, worth $946.4 million. This contract is a part of the broader trend of increased global defense spending, which has benefited RTX's missile manufacturing capabilities. 2. **Market Position and Financial Health**: RTX's strong market position and financial health have contributed to its revenue growth. The company's stock reached an all-time high, indicating investor confidence and robust performance. RTX's strategic initiatives and consistent dividend payments have also bolstered its market reputation. In summary, RTX's revenue growth in 2024 was driven by aerospace and defense contracts, market position, and financial health. The company's strategic initiatives and consistent dividend payments have contributed to its robust performance in the aerospace and defense sectors.