HIGHOutside partySupplier
single-source foreign suppliers
“10-K Item 1: 'we rely on foreign suppliers as single-source suppliers of some components'”
RTX · Concentration risk · 10-K extracted
RTX (RTX) concentration risks
Updated
The most significant concentration RTX discloses is single-source foreign suppliers, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: RTX’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH1
MEDIUM2
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-in & outside partyCustomer
38%
U.S. government
“10-K Item 1: 'Sales to the U.S. government as a percentage of total net sales (1) (2)| | 38 | %'”
MEDIUMOutside partyCustomer
29%
Airbus (Pratt & Whitney segment)
“10-K Item 1: 'Pratt & Whitney's largest commercial customer by sales is Airbus, with sales, prior to discounts and incentives, of 29% ... of total Pratt & Whitney segment sales in 2025'”
LOWOutside partyCustomer
16%
Boeing and Airbus (Collins segment)
“10-K Item 1: 'Collins' largest commercial customers are Boeing and Airbus with combined sales, prior to discounts and incentives, of 16% ... of total Collins segment sales in 2025'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's supply chain carries a notable dependency on single-source foreign suppliers for certain components — a high-share supply concentration whose disruption risk is amplified by the specialized nature of aerospace and defense hardware, where re-qualification of alternative suppliers typically takes years. This structural dependency means geopolitical events, export restrictions, or foreign supplier financial distress could interrupt production across multiple programs simultaneously. On the customer side, the U.S. government represents a medium-share customer concentration — a mixed-character exposure that is simultaneously structural (defense and government aerospace programs form the core of the business model) and dependency-driven (contract vehicles, appropriations cycles, and procurement decisions are outside the company's control). The share is material but not dominant, and the diversity across defense agencies and program types provides some insulation against single-program cancellation risk. Within the commercial aviation portion, Airbus is the largest commercial customer by disclosed segment: sales accounted for 29% of total Pratt & Whitney segment sales in 2025 — a medium-share dependency concentrated in a single platform relationship where engine certification, delivery schedules, and long-term aftermarket volumes are all governed by Airbus program decisions. At the Collins segment level, Boeing and Airbus combined represented 16% of total Collins segment sales — a low-share bilateral dependency at the segment level. The commercial customer concentrations at Pratt and Collins are complementary but not additive at the consolidated level. Overall, the most structurally significant exposure in this profile is the single-source foreign supplier dependency.
For the engine’s reasoning on RTX’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Aerospace & Defense
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| RTX● | RTX Corporation | 1 | 2 | 1 | 4 |
| AVAV | AeroVironment, Inc. | 1 | 1 | 2 | 4 |
| ACHR | Archer Aviation Inc. | 1 | 0 | 0 | 1 |
| AXON | Axon Enterprise, Inc. | 0 | 2 | 0 | 2 |
| AIR | AAR Corp. | 0 | 0 | 1 | 1 |
| ATRO | Astronics Corporation | 0 | 0 | 1 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.