Raytheon Technologies Investor Presentation — October 2020

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© 2020 Raytheon Technologies

All rights reserved3Q2020 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 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 Te chnologies 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 imp lied 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 con ditions, 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 commercial a irlines, and the impact of pandemic health issues (including