Research and Development: Comparing Key Metrics for RTX Corporation and ITT Inc.

A Decade of Innovation: R&D Trends in Aerospace and Engineering

In the ever-evolving landscape of aerospace and engineering, research and development (R&D) play a pivotal role in driving innovation and maintaining competitive advantage. Over the past decade, RTX Corporation and ITT Inc. have demonstrated distinct trajectories in their R&D investments.

RTX Corporation, a leader in aerospace and defense, has consistently allocated substantial resources to R&D, with expenditures peaking at nearly $3 billion in 2019. This represents a robust 30% increase from 2014, underscoring their commitment to technological advancement. In contrast, ITT Inc., a key player in engineering solutions, has shown a steady yet modest growth in R&D spending, with a 34% increase over the same period, reaching over $100 million in 2023.

While RTX's R&D spending dwarfs that of ITT, both companies exhibit a clear dedication to innovation, albeit on different scales. Notably, RTX's data for 2024 is missing, leaving room for speculation on future trends.