Comparing Innovation Spending: RTX Corporation and Rockwell Automation, Inc.

Innovation Spending: A Tale of Two Giants

In the ever-evolving landscape of industrial innovation, RTX Corporation and Rockwell Automation, Inc. have emerged as key players. Over the past decade, RTX Corporation has consistently outpaced Rockwell Automation in research and development (R&D) spending. From 2014 to 2024, RTX's R&D expenses grew by approximately 11%, peaking in 2024. In contrast, Rockwell Automation saw a more dramatic increase of around 64% during the same period, highlighting its aggressive push towards innovation.

A Decade of Growth

RTX's R&D investment remained robust, with a notable spike in 2019, while Rockwell Automation's spending surged in 2023, marking its highest investment year. This trend underscores the strategic importance both companies place on innovation to maintain competitive edges in their respective markets. As we look to the future, these investments will likely shape the technological advancements and market dynamics in the industrial sector.