Comparing Innovation Spending: RTX Corporation and The Boeing Company

Innovation Spending: A Decade of Investment by RTX and Boeing

In the competitive aerospace industry, innovation is the lifeblood of progress. Over the past decade, RTX Corporation and The Boeing Company have been at the forefront, investing heavily in research and development (R&D) to maintain their competitive edge. From 2014 to 2024, Boeing consistently outspent RTX, with an average R&D expenditure of approximately $3.2 billion annually, compared to RTX's $2.6 billion. Notably, Boeing's R&D spending peaked in 2016, reaching nearly 40% more than RTX's expenditure that year. However, RTX has shown a steady increase in its R&D budget, culminating in a 28% rise from 2014 to 2024. This trend underscores the strategic importance both companies place on innovation, as they navigate the challenges and opportunities of the aerospace sector. As we look to the future, these investments will likely play a pivotal role in shaping the next generation of aerospace technology.