Hunter Shields ‘23 pitched Raytheon Technologies Corporation (NYSE: RTX) on November 14th, 2022. Raytheon Technologies is an aerospace and defense company that provides products and services for commercial, military, and government customers worldwide. Raytheon Technologies is made up of four core subsidiaries: Collins Aerospace, Pratt & Whitney, Raytheon Missiles & Defense, and Raytheon Intelligence & Space. Raytheon Technologies is headquartered in Waltham, Massachusetts and employs over 170,000 employees. Collins Aerospace provides aerospace and defense products, along with aftermarket sales, for commercial and military aircrafts. Pratt & Whitney supplies wide and narrow body engines for commercial and military aircraft manufacturers. Raytheon Intelligence & Space is a leading developer and provider of integrated space, communication and sensor systems for multiple U.S. organizations. The Raytheon Missiles & Defense is a leading defense integrator for the U.S. Department of Defense, including the U.S. Navy, U.S. Army, Missile Defense Agency, and U.S. Air Force. Hunter’s investment thesis was based on the Raytheon Technologies unique balance between commercial aerospace and defense. The lifting of air travel restrictions resulted in the increase of commercial air travel. This increase in demand has led to aircraft manufacturers’ need for original equipment and aftermarket sales. Also, the geopolitical uncertainty surrounding the war between Russia and Ukraine has led to many countries, including the United States, to increase their defense budgets. SMIF voted to sell their 490 shares of the Industrial ETF (XLI) and purchase 475 shares of Raytheon Technologies (RTX).