Nah, it was a result of the continuing collapse of competition in the defense industry.
Raytheon and United Technology Corporation (UTC) were stagnating so they merged to create Raytheon Technology Corporation in 2020 with the Raytheon brand being split off to a subsidiary, along with Collins Aerospace and Pratt & Whitney. After the merger the new company was being traded under the RTX ticker, which it fully rebranded to in 2023.
I worked for one of their subsidiaries of subsidiaries around that time and rumor mill was the RTX executives were getting pissy about the name Raytheon being used and not the full name, so Raytheon the subsidiary company was getting all the attention from Raytheon Technology Corporation the parent company. So they spent an absurd amount of money on a rebrand and they gave all employees a corporate gift which has this sad little branding on it saying “Raytheon, an RTX company”
Didnt Raytheon change its name to RTX certainly not to game trading algorithms
Nah, it was a result of the continuing collapse of competition in the defense industry.
Raytheon and United Technology Corporation (UTC) were stagnating so they merged to create Raytheon Technology Corporation in 2020 with the Raytheon brand being split off to a subsidiary, along with Collins Aerospace and Pratt & Whitney. After the merger the new company was being traded under the RTX ticker, which it fully rebranded to in 2023.
I worked for one of their subsidiaries of subsidiaries around that time and rumor mill was the RTX executives were getting pissy about the name Raytheon being used and not the full name, so Raytheon the subsidiary company was getting all the attention from Raytheon Technology Corporation the parent company. So they spent an absurd amount of money on a rebrand and they gave all employees a corporate gift which has this sad little branding on it saying “Raytheon, an RTX company”
How would that game trading algorithms?
News article about Nvidia RTX drops, triggers bots to buy RTX
Only guess