Research and Development Expenses Breakdown: RTX Corporation vs Axon Enterprise, Inc.

A Decade of Innovation: R&D Spending Trends

In the ever-evolving landscape of technology and defense, research and development (R&D) expenses are a critical indicator of a company's commitment to innovation. Over the past decade, RTX Corporation and Axon Enterprise, Inc. have demonstrated contrasting trajectories in their R&D investments.

From 2014 to 2023, RTX Corporation consistently allocated substantial resources to R&D, with expenses peaking at approximately $2.8 billion in 2023, reflecting a steady growth of around 6% from 2014. In contrast, Axon Enterprise, Inc. showcased a remarkable surge in R&D spending, escalating from a modest $14.9 million in 2014 to an impressive $303.7 million in 2023, marking a staggering increase of over 1,900%.

This divergence highlights RTX's stable investment strategy in defense technologies, while Axon's exponential growth underscores its aggressive push in the tech sector. Notably, data for 2024 is incomplete, leaving room for speculation on future trends.