Raytheon Technologies Investor Presentation — May 2020

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© 2020 Raytheon Technologies

All rights reserved1Q2020 Earnings

Forward -Looking Statements

This presentation contains statements which, to the extent they are not statements of historical or present fact, constitute “forward- looking stat ements” 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 intended 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. F orward- 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,” “guidance,” “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 rates, R&D spend, other measures of financial performance, potential

future plans, strategies or transactions, credit ratings and net indebtedness, other 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 G lobal Corporation into separate independent companies (the “separation

transactions”), including estimated synergies and customer cost savings resulting from the merger and the separation transact ions and other statements that are not solely historical facts. All forward- looking statements

involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implie d 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, uncert ainties 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 condit ions, fluctuations in commodity prices, interest rates and foreign currency exchange rates,

levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels ofair travel, financial condition of commercial airlines, and the impact of weather conditions,