You're looking for United Tech Corp stock and seeing a lot of "delisted" or "RTX" results. It’s confusing. Honestly, the most important thing to realize right now is that United Technologies Corporation, as you likely remember it, doesn't technically exist anymore.
It didn't go bankrupt. It didn't fail. It just underwent one of the most massive corporate face-lifts in history.
In April 2020, United Technologies (UTX) pulled off a "merger of equals" with Raytheon Company. That created a new behemoth called Raytheon Technologies, which eventually rebranded to just RTX Corporation. If you held old UTX shares, they magically turned into RTX shares at a 1-for-1 ratio, while the elevators and air conditioners—the stuff you actually touched—were spun off into their own companies (Otis and Carrier).
Why the old United Tech Corp stock name still haunts Google
People still search for United Tech Corp stock because the name carried a century of weight. This was the company of the Pratt & Whitney jet engines and Collins Aerospace. But today, if you want to trade this legacy, you’re looking at RTX on the New York Stock Exchange.
As of January 2026, RTX is trading around $196. That’s a far cry from the sub-$100 levels we saw during the 2020 merger chaos. Why the jump? Basically, the world got a lot more dangerous, and the aerospace market finally stopped coughing from the pandemic.
Investing in this stock now isn't about buying a diversified conglomerate; it’s about betting on defense budgets and the global hunger for new aircraft.
The 2026 Outlook: Defense Budgets and the $1.5 Trillion Elephant
Early January 2026 brought a massive shock to the system. President Trump proposed a fiscal 2027 defense budget of $1.5 trillion. That is a staggering number. When the news hit, RTX and its peers like Lockheed Martin and Northrop Grumman didn't just move; they surged.
But it’s not all sunshine.
There's a catch. The administration also signaled it might "not permit" dividends and buybacks for certain defense contractors to ensure that money actually goes into making hardware, not just padding investor pockets. This created a weird "tug-of-war" for the stock price. One day it’s up 5% on spending news; the next, it’s down because people worry about their quarterly checks.
- Current Ticker: RTX
- Market Cap: Roughly $264 Billion
- Dividend Yield: Around 1.4%
- 2026 Price Range: $112 to $199 (so far)
If you're still looking for "UTX," you're chasing a ghost. You've got to look at how RTX is managing its three core pillars: Collins Aerospace, Pratt & Whitney, and Raytheon.
What’s really going on with the engines?
Pratt & Whitney is the drama queen of the portfolio right now. They've had major issues with the Geared Turbofan (GTF) engines. We’re talking about microscopic contaminants in powdered metal that could cause parts to crack. It’s a nightmare for airlines and a massive bill for RTX.
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Surprisingly, the commercial aftermarket—the repairs and parts—is actually making bank. Airlines are keeping old planes in the sky longer because they can't get new ones fast enough. RTX is charging a premium to keep those old engines humming.
The "DOGE" Effect and Government Efficiency
You might have heard about the new focus on government efficiency (DOGE). There is a real fear among analysts that "wasteful" defense contracts could be trimmed. RTX is heavily exposed here. If the government decides a certain missile program is redundant, that’s billions off the top line.
However, geopolitical tension in places like Venezuela and the ongoing friction in Eastern Europe and the Middle East keep the "demand" side of the equation very high. You can’t exactly "cut" your way out of needing missile defense when the world is on edge.
Is it actually a good buy right now?
Wall Street is mostly bullish, but they're cautious. Out of about 12 major analysts covering the stock in early 2026, about 67% have it as a "Buy" or "Strong Buy." The rest are sitting on the fence with a "Hold."
The bears will tell you the stock is overvalued. They look at the P/E ratio, which is hovering around 31, and say it’s too expensive compared to the broader market. They also point to the $40 billion in debt RTX is carrying.
The bulls? They see the $1.5 trillion budget and the 10% projected earnings growth and think $200 is just the beginning.
Honestly, it depends on what kind of investor you are. If you want a "set it and forget it" dividend play, the 1.4% yield is okay, but it's not going to make you rich. If you’re playing the "global instability" trade, it’s one of the purest plays out there.
Actionable insights for your portfolio
Stop looking for United Tech Corp stock and start tracking the RTX "Pratt & Whitney" recovery. If they can put the engine powder issues behind them by mid-2026, the cash flow will explode.
Keep a very close eye on the 2027 defense budget negotiations in Washington. If the $1.5 trillion holds without massive restrictions on buybacks, the stock has a clear path to new highs.
Diversify your defense exposure. Don't just bet on RTX. Look at how they compare to General Dynamics or Heico. RTX has a better net margin (around 7.6%) than Boeing, which is still struggling, but they are more complex and "slower" than a leaner company like Heico.
Check the fourth-quarter earnings report coming on January 27, 2026. That will be the first real look at how the company plans to navigate the new administration's spending priorities.