Research and Development Expenses Breakdown: RTX Corporation vs Graco Inc.

A Decade of Innovation: R&D Spending Trends

In the ever-evolving landscape of technology and manufacturing, research and development (R&D) expenses are a critical indicator of a company's commitment to innovation. Over the past decade, RTX Corporation and Graco Inc. have demonstrated contrasting approaches to R&D investment.

RTX Corporation, a leader in aerospace and defense, has consistently allocated a significant portion of its resources to R&D, with expenses peaking at nearly $3 billion in 2019. This represents a steady increase of approximately 10% from 2014, underscoring their dedication to technological advancement.

Conversely, Graco Inc., a prominent player in fluid handling systems, has shown a more modest growth in R&D spending. From 2014 to 2024, their expenses rose by about 60%, reaching $87 million. This strategic investment reflects Graco's focus on incremental innovation and efficiency improvements.

These trends highlight the diverse strategies companies employ to maintain competitive edges in their respective industries.