07:15 AM EDT, 09/12/2024 (MT Newswires) -- RTX (RTX) Chief Executive Officer Christopher Calio said Wednesday during a conference that the company is leaning more towards "pruning" and "pairing" its business portfolio rather than pursuing transformative mergers and acquisitions.

"For us, it's not about adding transformative pieces," Calio said, noting that RTX's current strategy is more of ensuring that its portfolio is within "filters for what it means to be an RTX business."

The chief executive also said RTX remains committed to deleveraging, paying down debts, and growing its dividend and earnings.

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