R&D Spending Showdown: RTX Corporation vs CNH Industrial N.V.

R&D Spending: A Decade of Innovation

In the ever-evolving landscape of industrial innovation, research and development (R&D) spending is a key indicator of a company's commitment to future growth. Over the past decade, RTX Corporation and CNH Industrial N.V. have been at the forefront of this race.

RTX Corporation: Leading the Charge

RTX Corporation has consistently outpaced CNH Industrial in R&D investment, with an average annual spend of approximately $2.6 billion. This represents a staggering 160% more than CNH Industrial's average of around $1 billion. Notably, RTX's R&D expenditure peaked in 2019, reaching nearly $3 billion, a testament to their aggressive pursuit of technological advancement.

CNH Industrial: Steady Progress

While CNH Industrial's R&D spending has been more modest, it has shown resilience and growth, particularly in 2021, when it reached its highest point of $1.24 billion. This reflects a strategic focus on innovation, albeit at a more measured pace.

The Road Ahead

As we look to the future, RTX's continued investment suggests a strong commitment to maintaining its competitive edge, while CNH Industrial's steady increase in R&D spending indicates a promising trajectory. The absence of data for 2024 for CNH Industrial leaves room for speculation, but RTX's projected increase to $2.93 billion underscores its unwavering dedication to innovation.