Raytheon Technologies Announces $500 Million Social Impact Initiative

Rhea-AI Summary

Raytheon Technologies (NYSE: RTX) has launched Connect Up, a 10-year, $500 million corporate responsibility initiative focusing on key societal challenges. The program aims to enhance community investment through lifelong learning, veteran support, and local engagement. Key efforts include promoting STEM education access for underrepresented groups, aiding military personnel in education and workforce transition, and collaborating with local organizations like Feeding America. Additionally, the initiative encourages employee volunteerism, targeting 1 million acts of service in 2021.

Positive

• Launch of Connect Up, a $500 million initiative enhancing community investment.
• Focus on lifelong learning and STEM education access for underrepresented communities.
• Support for military families in education and workforce transition.
• Collaboration with reputable organizations like Feeding America and Boys & Girls Clubs.
• Encouragement of employee volunteerism with a goal of 1 million acts of service in 2021.

Negative

• None.

WALTHAM, Mass., April 6, 2021 /PRNewswire/ -- Raytheon Technologies (NYSE: RTX) today announced Connect Up, a 10-year, $500 million corporate responsibility initiative to drive transformative, generational impact on critical societal challenges. This focused philanthropy expands upon and elevates the company's legacy of community investment through lifelong learning, veteran and military family support, and localized community engagement.

"The measure of business success must include community growth," said Greg Hayes, Raytheon Technologies' chief executive officer. "The Connect Up program leverages our global reach, the expertise and passion of more than 180,000 employees, a heritage of era-defining engineering and technology ingenuity, with a track record of solving some of society's biggest challenges. Through focused investments, volunteer commitment and strategic partnerships, we will create lasting, multi-generational impact in education opportunity, armed services support and local community relief."

To meet the pressing needs of communities, today and into the future, Connect Up combines philanthropic capital, public/private partnership and employee volunteerism to support underserved communities by:

• Advancing lifelong learning, with a focus on providing access to STEM education to underrepresented communities -- particularly communities of color -- by partnering with groups like National Academy Foundation, SMASH and Girls Who Code.
• Honoring public service by helping military personnel and their families advance education goals and supporting post-service transition to the civilian workforce with key partners including Student Veterans of America, American Corporate Partners and The Mission Continues.
• Driving local community impact with organizations such as Feeding America and Boys & Girls Clubs of America that address social welfare to create a more equitable future.

In addition to philanthropy, employee volunteerism is central to the mission of Connect Up, and the company today launched an enterprise-wide employee volunteer initiative to provide opportunities for employees to connect with and give back to their communities. Raytheon Technologies will challenge the company's 180,000 global employees to unlock the power of connections through 1 million acts of service in 2021, starting with the launch of its first-ever Global Month of Service in April.

For more information on Raytheon Technologies' social impact initiatives and to stay updated on programs and investments, please visit us at RTX.com/social-impact 

About Raytheon Technologies
Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With four industry-leading businesses ― Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense ― the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics, and quantum physics. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts.

Media Contact
Chris Johnson
C: 202.384.2474
Chris.johnson@rtx.com

 

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SOURCE Raytheon Technologies

FAQ

What is Raytheon Technologies' Connect Up initiative?

Connect Up is a 10-year, $500 million corporate responsibility initiative by Raytheon Technologies aimed at addressing critical societal challenges through community investment.

How much is Raytheon Technologies investing in the Connect Up initiative?

Raytheon Technologies is investing $500 million in the Connect Up initiative over the next 10 years.

What are the main focuses of the Connect Up initiative?

The main focuses include lifelong learning, support for military families, and local community engagement.

What is the target for employee volunteerism in 2021 under the Connect Up initiative?

Raytheon Technologies aims for its employees to complete 1 million acts of service in 2021.

How will Raytheon Technologies honor public service through Connect Up?

The initiative will help military personnel and their families advance educational goals and transition to civilian jobs.