In this Description of the Notes, “RTX,” “we,” “us,” “our” and the “Company” refer only to RTX Corporation and any successor obligor, and not to any of its subsidiaries.
The following summary description sets forth certain terms and provisions of the notes and, to the extent inconsistent therewith, replaces the description of the general terms and provisions of the notes set forth in the accompanying prospectus, to which we refer you. Because this description is a summary, it does not describe every aspect of the notes. The notes will be issued under the amended and restated indenture dated as of May 1, 2001 (the “indenture”) between the Company and The Bank of New York Mellon Trust Company, N.A. (as successor to The Bank of New York), as trustee (the “trustee”). This summary is subject to and qualified in its entirety by reference to the indenture, the forms of notes and the related officers’ certificate. The indenture is filed with the SEC and incorporated by reference in this prospectus supplement and in the accompanying prospectus.
The indenture has been qualified under the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”), and you should refer to the Trust Indenture Act for provisions that apply to the notes.
We will issue the notes due 2026 in an initial aggregate principal amount of $1,250,000,000, the notes due 2029 in an initial aggregate principal amount of $500,000,000, the notes due 2031 in an initial aggregate principal amount of $1,000,000,000, the notes due 2034 in an initial aggregate principal amount of $1,500,000,000 and the notes due 2054 in an initial aggregate principal amount of $1,750,000,000, subject, in each case, to reopening.
The notes due 2026 will mature on November 8, 2026, the notes due 2029 will mature on January 15, 2029, the notes due 2031 will mature on March 15, 2031, the notes due 2034 will mature on March 15, 2034, and the notes due 2054 will mature on March 15, 2054.
We will initially issue the notes in book-entry form. See “—Book-Entry Issuance—The Depository Trust Company.” We will issue the notes only in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof.
In some circumstances, we may elect to discharge our obligations on the notes through defeasance or covenant defeasance. See “Description of Debt Securities—Defeasance and Covenant Defeasance” in the accompanying prospectus for more information about how we may do this.
We may, without the consent of the holders of the notes of any series, issue additional notes of such series under the indenture having the same ranking and the same interest rate, maturity and other terms as the notes of such series offered by this prospectus supplement; provided that any such additional notes of such series that are not fungible with the notes of such series offered hereby for U.S. federal income tax purposes will have a separate CUSIP, ISIN and other identifying number than the notes of such series offered hereby. Any such additional notes of such series will, together with the notes of such series offered by this prospectus supplement, constitute a single series of notes under the indenture.
Interest on the Notes
Each series of notes will bear interest at the applicable annual rate shown on the cover of this prospectus supplement and will accrue interest from November 8, 2023, or from the most recent date to which interest has been paid or duly provided for.
Interest will be payable on each series of notes semi-annually in arrears as follows: on May 8 and November 8 of each year, commencing on May 8, 2024 for the notes due 2026, on January 15 and July 15 of each year, commencing on July 15, 2024 for the notes due 2029, on March 15 and September 15 of each year, commencing on March 15, 2024 for the notes due 2031, on March 15 and September 15 of each year, commencing on March 15, 2024 for the notes due 2034 and on March 15 and September 15 of each year, commencing on March 15, 2024 for the notes due 2054, and on the relevant maturity date, to the persons in whose names such notes are registered on the record date; provided that interest payable on the relevant maturity date or any relevant redemption date will be payable to the persons to whom the principal of such notes is payable. If the date on which a payment of interest or principal on the notes is scheduled to be paid is not a