Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Waltham, Massachusetts. It is one of the largest aerospace, intelligence services providers, and defense manufacturers in the world by revenue and market capitalization. Raytheon Technologies (RTX) researches, develops, and manufactures advanced technology products in the aerospace and defense industry, including aircraft engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites, and drones.
| Revenue (TTM) | $93.50B |
| Gross Profit (TTM) | $19.02B |
| EBITDA | $15.89B |
| Operating Margin | 12.70% |
| Return on Equity | 12.30% |
| Return on Assets | 4.21% |
| Revenue/Share (TTM) | $69.43 |
| Book Value | $49.25 |
| Price-to-Book | 3.88 |
| Price-to-Sales (TTM) | 2.73 |
| EV/Revenue | 3.08 |
| EV/EBITDA | 17.90 |
| Quarterly Earnings Growth (YoY) | 28.70% |
| Quarterly Revenue Growth (YoY) | 14.50% |
| Shares Outstanding | $1.35B |
| Float | $1.25B |
| % Insiders | 0.09% |
| % Institutions | 81.70% |
Volatility is currently contracting
The Pentagon awarded RTX's Raytheon business a provisional multiyear contract worth $20.7 billion to accelerate production of AMRAAM missiles, as the military pushes to replenish stockpiles depleted by conflicts in the Middle East and Ukraine.
Contract accelerates production ramp as part of Department of War's Arsenal of Freedom TUCSON, Ariz., Sept. 28, 2026 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, will accelerate production of AMRAAM® missiles to record-setting levels under the terms of a five-year multi-year contract with two option years valued up to $20.7 billion awarded as part of the Department of War's Arsenal of Freedom.
Defense stock RTX Corp (NYSE:RTX) pulled back after hitting a record high of $226.88 on Aug. 10.
RTX shares have declined 16%, with only 9%-10% of the drop attributable to treasury yield increases; broader pressures are at play. I maintain my buy rating and $244.18 price target, seeing 18% upside on next year's earnings and 29% on 2028 estimates. RTX's free cash flow is expected to grow 14% annually, with improving volumes offsetting margin compression and CapEx remaining stable at 3% of sales.
RTX Corporation is rated a measured Buy, targeting a 2-year price of $222.50, reflecting moderate growth and margin expansion. RTX's $289 billion backlog and improving operating margins, especially at Raytheon and Collins, underpin the investment thesis, but Pratt & Whitney remains a key risk. 2026 guidance calls for $95–96 billion in sales and $7.10–7.25 adjusted EPS, with free cash flow forecasted at $8.5–8.75 billion.
In the closing of the recent trading day, RTX (RTX) stood at $188.61, denoting a -1.86% move from the preceding trading day.
AeroVironment and RTX compete across advanced defense markets, with contrasting growth, valuation, ROE and recent share-price trends.
Latest engine standard offers enhanced durability, increased range EAST HARTFORD, Conn., Sept. 24, 2026 /PRNewswire/ -- United Airlines and Pratt & Whitney today marked the delivery of the first aircraft powered by Pratt & Whitney GTF Advantage™ engines, an Airbus A321XLR, to United.
Work will be performed at the company's newly expanded Singapore facility SINGAPORE, Sept. 24, 2026 /PRNewswire/ -- Pratt & Whitney Canada signed a four-year agreement with AirBorneo Airways to provide comprehensive maintenance, repair and overhaul (MRO) services for the PW127M engines powering its ATR 72-500 regional turboprops through 2030.
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