
RTX heads into Q3 earnings with strong aerospace and defense demand, a record backlog and attractive valuation, despite lingering supply-chain challenges.
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) | 2.79 |
| 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 | 81.71% |
Volatility is currently expanding

RTX heads into Q3 earnings with strong aerospace and defense demand, a record backlog and attractive valuation, despite lingering supply-chain challenges.

Modern warfare demands a delicate balancing act. Global powers are actively modernizing legacy nuclear deterrence systems while simultaneously scrambling to counter cheap, asymmetric drone swarms.

Proposed changes to Norway's sovereign wealth fund ethics rules could open the door to investments in more Western defense companies. The fund is currently barred from investing in companies including Lockheed Martin and Boeing because of their involvement in nuclear weapons production.

Lockheed Martin and RTX both raised full-year guidance on the same July morning, but their balance sheets and business mixes tell two very different stories about which dividend survives a budget freeze or a single bad program charge.

Looking beyond Wall Street's top-and-bottom-line estimate forecasts for RTX (RTX), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2026.

New digital systems will improve detection and long-term performance WOBURN, Mass., Oct. 15, 2026 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has been selected to modernize U.S. Space Force radar sites that serve as the outermost layer of the nation's missile‑defense architecture.

RTX Corporation remains a 'Buy,' combining robust defense demand with commercial aerospace aftermarket growth and improving operational performance. RTX's $289 billion backlog, including $119 billion in defense, provides exceptional long-term revenue visibility and underpins upgraded sales and earnings guidance. Recent major defense contracts and rising aftermarket sales drive both near-term and structural growth, with Q2 2026 showing 14% sales and 21% EPS growth.

RTX (RTX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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RTX's upgraded Coyote interceptor advances counter-drone capabilities as rising demand for protection against unmanned threats introduces new defense growth opportunities.
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