Raytheon Technologies Investor Presentation — April 2021

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© 2021 Raytheon Technologies

All rights reserved1Q2021 Earnings

Forward -Looking Statements

This press release contains statements which, to the extent they are not statements of historical or present fact, constitute “forward -looking statements” under the securities laws. From time to time, oral or written forward -

looking statements may also be included in other information released to the public. These forward -looking statements are intend ed to provide Raytheon Technologies Corporation’s (“RTC”) management’s current

expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid . Forward -looking statements can be identified by the use of words such as “believe,” “expect,”

“expectations,” “plans,” “strategy,” “prospects,” “estimate,” “project,” “target,” “anticipate,” “will,” “should,” “see,” “gu idance,” “outlook,” “confident,” “on track” and other words of similar meaning. Forward -looking statements

may include, among other things, statements relating to future sales, earnings, cash flow, results of operations, uses of cas h, share repurchases, tax payments and rates, research and development spending, other

measures of financial performance, potential future plans, strategies or transactions, credit ratings and net indebtedness, o ther anticipated benefits to RTC of United Technologies Corporation’s (“UTC”) Rockwell Collins

acquisition, the merger between UTC and Raytheon Company (“Raytheon”, and such merger, the “merger”) or the spin -offs by UTC of Otis Worldwide Corporation and Carrier Global Corporation into separate independent

companies (the “separation transactions”), including estimated synergies and customer cost savings resulting from the merger andthe anticipated benefits and costs of the separation transactions and other statements

that are not solely historical facts. All forward -looking statements involve risks, uncertainties and other factors that may cau se actual results to differ materially from those expressed or implied in the forward -looking

statements. For those statements, we claim the protection of the safe harbor for forward -looking statements contained in the U.S . Private Securities Litigation Reform Act of 1995. Such risks, uncertainties and other factors

include, without limitation: (1) the effect of economic conditions in the industries and markets in which RTC operates in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in

commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of