Raytheon Technologies changes name to RTX

Raytheon Technologies, one of the world's largest defense contractors, is changing its name to RTX, per an announcement from the company on LinkedIn.

The company previously announced a corporate restructuring earlier this year into three businesses -- Raytheon, Collins Aerospace and Pratt & Whitney.

“This is more than a new brand,” the company said on its website. “It is a signal of the next step in our company’s transformation. Now, three market-leading businesses -- Collins Aerospace, Pratt & Whitney and Raytheon -- are working as one to answer the biggest questions and solve the hardest problems in aerospace and defense.”

The corporate rebranding as RTX comes three years after The Raytheon Co. merged with United Technologies Corp., changed its name to Raytheon Technologies and moved its corporate headquarters from Waltham, MA, to Arlington, VA.

Raytheon was founded in 1922 in Cambridge, MA.