Gross Profit Comparison: RTX Corporation and L3Harris Technologies, Inc. Trends

A Tale of Two Giants: RTX Corporation vs. L3Harris Technologies

In the competitive landscape of the defense and aerospace industry, RTX Corporation and L3Harris Technologies, Inc. have been pivotal players. Over the past decade, these companies have showcased contrasting trends in their gross profit margins. From 2014 to 2023, RTX Corporation consistently outperformed L3Harris, with gross profits peaking in 2019 at approximately $20 billion. However, the pandemic year of 2020 saw a significant dip, with RTX's profits dropping by nearly 57% compared to the previous year.

L3Harris, on the other hand, demonstrated a more volatile trajectory. Their gross profits surged by over 130% from 2018 to 2019, reaching a high of around $5.4 billion in 2021. Despite this, the company faced fluctuations, with profits dipping in 2022 before rebounding in 2023. As we look to the future, the data for 2024 remains incomplete, leaving room for speculation on the next chapter in this corporate rivalry.