RTX picks Chris Calio as next CEO

RTX Chief Operating Officer Christopher Calio will step up as the company's CEO in May.

Calio will succeed current CEO Gregory Hayes, who will maintain his role as executive chairman, at RTX’s annual shareholder meeting on May 2, RTX announced last month and reiterated today during its year-end earnings call.

“I’ve worked with Chris for many years, and I can’t think of a better person to take on this role,” Hayes said during the call. “Chris has a deep understanding of our industry, our customers’ needs and our operation, and most importantly, he’s an outstanding leader.”

RTX also announced in the call that it expects this quarter to close the $1.3 billion sale of the Raytheon Cybersecurity, Intelligence and Services business. RTX announced the sale -- without naming the buyer -- in its third quarter results last year.

RTX also plans to sell its Collins Aerospace actuation and flight control business to France-based Safran Group for $1.8 billion. Safran has said it expects to close the sale by the end of June.