What is Raytheon ranked in Fortune?
Raytheon, operating as RTX, is ranked No. 195 in the Fortune Global 500 list.
Raytheon Technologies, which has since rebranded as RTX, secured the 195th position on the prestigious 2023 Fortune Global 500 list. This ranking reflects the company's substantial global presence and financial performance, with reported revenues reaching $67.7 billion.
RTX's Standing in the Fortune Global 500
The Fortune Global 500 list is an annual compilation of the world's largest corporations ranked by revenue. RTX's placement at No. 195 highlights its significant standing among global enterprises, particularly within the aerospace and defense sectors.
Here's a breakdown of its ranking and related figures:
| Company Name | Fortune Global 500 Rank | Revenue (in Billions) |
|---|---|---|
| RTX (formerly Raytheon Technologies) | 195 | $67.7 |
| Boeing | 197 | $66.6 |
This table shows RTX as a major player in the global economy, exceeding many well-known companies in terms of revenue. Notably, another prominent aerospace and defense company, Boeing, was ranked closely behind at No. 197, with revenues of $66.6 billion, further emphasizing the scale of operations for leading companies in this critical sector.
Significance of a Fortune Global 500 Ranking
Inclusion and high placement on the Fortune Global 500 list carry significant implications for a corporation:
- Global Recognition: It signifies a company's immense global operational footprint and market influence, establishing it as a key economic force.
- Revenue as a Benchmark: The rankings are primarily based on total revenue, providing a clear snapshot of the economic power wielded by these large corporations.
- Industry Leadership: For companies like RTX, a strong ranking underscores their leadership and critical role in their respective industries, driving innovation and economic activity on an international scale through their extensive portfolios in advanced systems and services for commercial, military, and government customers worldwide.
