Sec Form 3 Filing - Balsbough Douglas @ RAYTHEON TECHNOLOGIES CORP - 2020-04-03

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0287 Expires: November 30, 2011 Estimated average burden hours per response... 0.5

1. Name and Address of Reporting Person Balsbough Douglas 2. Issuer Name and Ticker or Trading Symbol RAYTHEON TECHNOLOGIES CORP [ RTX] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) EVP & Chief HR Officer (Last) (First) (Middle) 870 WINTER STREET 3. Date of Earliest Transaction (MM/DD/YY) 04/03/2020 (Street) WALTHAM, MA02451 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 5,577 D Common Stock 10,253 I By Savings Plan Trustee

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Stock Units ( 1 ) ( 1 ) ( 1 ) Common Stock 6,570 ( 2 ) D Restricted Stock Units RSU ( 3 ) 01/02/2021 ( 3 ) Common Stock 1,098 ( 2 ) D Restricted Stock Units RSU ( 3 ) 02/04/2023 ( 3 ) Common Stock 4,125 ( 2 ) D Restricted Stock Units RSU ( 3 ) 02/05/2022 ( 3 ) Common Stock 1,285 ( 2 ) D Restricted Stock Units RSU ( 3 ) 05/01/2021 ( 3 ) Common Stock 6,595 ( 2 ) D SRP Stock Unit ( 4 ) ( 4 ) ( 4 ) Common Stock 711.342 ( 2 ) D Stock Appreciation Right $ 84 ( 2 ) 01/02/2016 01/01/2023 Common Stock 9,800 ( 2 ) D Stock Appreciation Right $ 95.57 ( 2 ) 01/04/2019 01/03/2026 Common Stock 10,600 ( 2 ) D Stock Appreciation Right $ 110.83 ( 2 ) 01/03/2020 01/02/2027 Common Stock 12,600 ( 2 ) D Stock Appreciation Right $ 112.49 ( 2 ) 01/02/2017 01/01/2024 Common Stock 7,000 ( 2 ) D Stock Appreciation Right $ 115.04 ( 2 ) 01/02/2018 01/01/2025 Common Stock 7,500 ( 2 ) D Stock Appreciation Right $ 120.77 ( 2 ) 02/05/2022 02/04/2029 Common Stock 17,300 ( 5 ) D Stock Appreciation Right $ 128.16 ( 2 ) 01/02/2021 01/01/2028 Common Stock 14,500 ( 6 ) D Stock Appreciation Right $ 153 ( 2 ) 02/04/2023 02/03/2030 Common Stock 23,000 ( 2 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Balsbough Douglas 870 WINTER STREET WALTHAM, MA02451 EVP & Chief HR Officer Signatures /s/ Dana Ng as Attorney-In-Fact 04/13/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )These Restricted Stock Units (RSU) were awarded in connection with the reporting person's membership in legacy United Technologies Corporation's (UTC) Executive Leadership Group (ELG). Following three years of ELG service, each RSU, including accumulated dividend equivalents, represents a right to receive one share of Raytheon Technologies Corporation (RTC) Common Stock upon a Qualifying Separation from RTC (as defined in Exhibit 10.6 of UTC's 2019 Form 10-K). ( 2 )On April 3, 2020, United Technologies Corporation completed its separation into three independent, publicly-traded companies (the Separation) United Technologies Corporation, Carrier Global Corporation, and Otis Worldwide Corporation and, immediately following the Separation, United Technologies Corporation completed its merger of equals with Raytheon Company. In connection with the Separation, all equity awards held by the reporting person with respect to United Technologies Corporation common stock as of the Separation are being equitably adjusted. The amount of securities, and the applicable exercise price (if any), reported on this Form 3 do not reflect such adjustment and this Form 3 will be amended in a subsequent filing to reflect such adjustment. ( 3 )Each RSU, including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of RTC Common Stock. ( 4 )Each Savings Restoration Plan (SRP) stock unit is the economic equivalent of one share of RTC common stock. The reported SRP stock units were acquired under legacy UTC's Savings Restoration Plan, an excess benefit plan, and are to be settled upon the reporting person's retirement or other termination of service. ( 5 )In February 2019, the reporting person was also awarded 1,880 performance share units (PSUs) under the legacy UTC Long-Term Incentive Plan. Each PSU has a value equal to one share of RTC Common Stock. These PSUs vest solely upon achievement of pre-established performance targets for RTC's return on invested capital, earnings per share growth and total shareholder return relative to the S&P 500 index over a three-year time period.The amount of securities reported on this Form 3 do not reflect the Separation-related equitable adjustment to equity awards held by the reporting person and this Form 3 will be amended in a subsequent filing to reflect such adjustment. ( 6 )In January 2018, the reporting person was also awarded 1,580 performance share units (PSUs) under the legacy UTC Long-Term Incentive Plan. Each PSU has a value equal to one share of RTC Common Stock. These PSUs vest solely upon achievement of pre-established performance targets for RTC's return on invested capital, earnings per share growth and total shareholder return relative to the S&P 500 index over a three-year time period.The amount of securities reported on this Form 3 do not reflect the Separation-related equitable adjustment to equity awards held by the reporting person and this Form 3 will be amended in a subsequent filing to reflect such adjustment.

Remarks: balsbough.txt

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.