Chief Executive Officer & Chairman, Rtx
Search every verified Gregory Hayes interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Gregory Hayes, CEO and Chairman of RTX, has been discussing the company's performance and the geopolitical landscape in recent interviews and earnings calls. He stated that RTX is seeing "unprecedented demand" for munitions and defense systems, citing a $75 billion defense backlog. Hayes argued that the U.S. needs to provide Ukraine with additional weapons to support its air defenses, saying "Ukrainians are fighting this war for NATO" and that "the only way they're going to prevail is if NATO and the US specifically steps up to the bar." He also noted that the company is working to increase production of Patriot air defense systems and Iron Dome interceptors, though he said it takes about two years to bring new production online. On the commercial side, Hayes addressed the Pratt & Whitney GTF engine issue, describing it as a "manufacturing quality issue with the powdered metal" used to form turbine disks. He said the company is making progress on inspections and ramping up production, and that the financial impact is estimated at about $6 billion total for RTX's share. Hayes also announced that Chris Calio will succeed him as CEO effective May 2024, while Hayes will remain as executive chairman. He described RTX as "the best positioned A&D company in the world today" with a strong backlog and portfolio of technologies.
“As you all know next week at our annual shareholder meeting I'll be stepping down as CEO and turning the reins over to Chris Calio.”
“As I step back from the day-to-day responsibility as CEO of RTX I want to take this opportunity to thank our team for their trust and support over this past decade — any success we have had is the result of the hard work and dedication of the entire team, the senior leadership team, but also the whole 185,000 people th...”
“Thank you for your patience as we've transitioned and transformed what was United Technologies, a multi-industry company, into RTX which is, I believe, the best positioned A&D company in the world today.”
“We've got great products, great portfolio of people and technologies and a great backlog that I think is going to serve us well into the future.”
“I can't think of a better leader than Chris to lead RTX for the next decade or so — Chris has the full support of the board, but not just the board: the entire senior leadership team and the entire organization.”
“I also want to thank our investors — thank you for your patience as we've transitioned and transformed — and thank you, Jennifer, for your leadership over the last three years and beyond.”
“As you all know next week at our annual shareholder meeting I'll be stepping down as CEO and turning the reins over to Chris Calio.”
“There's no better evidence of his success than our results this quarter with strong sales and operating profit growth and a record backlog of over $200 billion.”
“I'll keep these comments brief but as I step back from the day-to-day responsibility as CEO of RTX I want to take this opportunity to thank our team for their trust and support over this past decade.”
“It's been an interesting decade or so in the role and thank you for your patience as we've transitioned and transformed what was United Technologies a multi-industry company into RTX which is I believe the best positioned A&D company in the world today.”
“I can't think of a better leader than Chris to lead RTX for the next decade or so; you should all know that Chris has the full support of the board but not just the board the entire senior leadership team and the entire organization.”
“I'm actually pretty heartened in terms what happened yesterday. Mini-bus passed very, very strong bipartisan support... You cannot put the defense of United States at risk by partisan politics.”
“The problem with a 1% increase is when you have 4% inflation, what you're talking about is a 3% decrease in defense spending.”
“As much as we spend on defense, which is about 3% of GDP, is a relatively historic low given the challenges we face geopolitically.”
“The fact is what most of that money will do will go to support American defense industries here in the U.S. to restock the stockpiles... 80% of that money will be spent right here in the U.S. and go to replace stockpiles... Those are American jobs. It's not welfare to the Ukrainians.”
04/23/2024 Q&A: 21:19 RTX Corporation, an aerospace and defense company, provides systems and services for the commercial ...
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Greg Hayes, RTX chairman & CEO, joins 'Squawk on the Street' to discuss the issue with the company's gear-turbo fans, how immediate the company's issue is, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com…
Greg Hayes, Raytheon CEO, joins 'Squawk Box' to discuss the United States' current relationship with China, if the Biden administration plans de-risking from China, and defense spending in the United States. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Onlin…
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