Sign in

You're signed outSign in or to get full access.

RTX (RTX)

Earnings summaries and quarterly performance for RTX.

Research analysts who have asked questions during RTX earnings calls.

Gautam Khanna

TD Cowen

6 questions for RTX

Also covers: ASLE, ATI, BA +20 more

Myles Walton

Wolfe Research, LLC

6 questions for RTX

Also covers: , ATI, B +19 more

Peter Arment

Robert W. Baird & Co.

6 questions for RTX

Also covers: AIN, AVAV, BA +20 more

Ronald Epstein

Bank of America

6 questions for RTX

Also covers: , AER, AL +26 more

Scott Deuschle

Deutsche Bank

6 questions for RTX

Also covers: ATI, BA, BWXT +15 more

Seth Seifman

JPMorgan Chase & Co.

6 questions for RTX

Also covers: ATI, BA, CACI +21 more

Sheila Kahyaoglu

Jefferies

6 questions for RTX

Also covers: , AAL, BA +35 more

Gavin Parsons

UBS Group AG

5 questions for RTX

Also covers: , BA, BAH +15 more

Scott Mikus

Melius Research

5 questions for RTX

Also covers: AIR, BA, BAH +13 more

David Strauss

Barclays

4 questions for RTX

Also covers: ATI, BA, BWXT +16 more

Jason Gursky

Citigroup Inc.

4 questions for RTX

Also covers: BA, CW, DCO +15 more

Kristine Liwag

Morgan Stanley

4 questions for RTX

Also covers: , AER, AMTM +27 more

Noah Poponak

Goldman Sachs

4 questions for RTX

Also covers: AMTM, BA, CACI +22 more

Robert Stallard

Vertical Research Partners

4 questions for RTX

Also covers: BA, BAESY, DRS +11 more

Douglas Harned

Sanford C. Bernstein & Co., LLC

3 questions for RTX

Also covers: , BA, GD +9 more

Kenneth Herbert

RBC Capital Markets

3 questions for RTX

Also covers: , AIR, AMTM +24 more

Doug Harned

Bernstein

2 questions for RTX

Also covers: BA, GE, NOC +1 more

Matthew Akers

Wells Fargo & Company

2 questions for RTX

Also covers: BAH, CACI, HXL +8 more

Rob Stallard

Vertical Research

2 questions for RTX

Also covers: NOC

Recent press releases and 8-K filings for RTX.

RTX equips US Air Force autonomous fighter jet with PhantomStrike radar
RTX
New Projects/Investments
  • On Dec. 19, 2025, RTX’s Raytheon business won a contract to outfit the USAF’s autonomous X-62A VISTA aircraft with PhantomStrike® radar.
  • PhantomStrike is a first-of-its-kind, air-cooled fire-control radar using GaN technology, engineered to be smaller, lighter and consume less power than modern AESA systems.
  • The radar offers digital beam-forming and steering, multimode functionality and interleaved ground/air targeting at about half the cost of typical fire-control radars.
  • RTX, headquartered in Arlington, Virginia, is the world’s largest aerospace and defense company, with 2024 sales exceeding $80 billion.
3 days ago
RTX’s Raytheon awarded $168 million contract for Romanian Patriot system
RTX
New Projects/Investments
  • RTX’s Raytheon business won a $168 million foreign military sales contract to equip Romania with the Patriot air and missile defense system.
  • The deal covers delivery of a radar, command and control system, launchers, plus support and test equipment.
  • This marks Romania’s second Patriot order in a year, following additional 2025 orders from Germany, the Netherlands, and Spain.
  • Patriot is a combat-proven system used by 19 countries to defend against long-range cruise missiles, tactical ballistic missiles, and air-breathing threats.
3 days ago
RTX awarded $1.6 billion F135 sustainment contract
RTX
New Projects/Investments
  • Pratt & Whitney, an RTX business, secured a $1.6 billion undefinitized contract for F135 engine sustainment, supporting all three F-35 variants.
  • The award funds depot-level maintenance, spare parts replenishment, material management, propulsion integration, engineering support, and software sustainment for U.S. and international customers.
  • Pratt & Whitney’s sustainment network spans 39 bases and 12 ships globally, leveraging distributed maintenance and technical expertise.
  • To date, over 1,300 F135 production engines have been delivered across 20 allied nations, bolstering F-35 readiness.
Dec 2, 2025, 1:30 PM
RTX wins $1.25B Iron Dome missile contract
RTX
New Projects/Investments
  • The Raytheon-Rafael joint venture secured a $1.25 billion contract to produce Tamir surface-to-air missiles for Israel’s Iron Dome at a new Arkansas facility.
  • The $33 million Camden plant investment will accelerate Iron Dome interceptor output and support the U.S. Marine Corps’ Medium-Range Intercept program through SkyHunter missiles.
  • The U.S. site is the first all-up-round production facility in the country for both Tamir and SkyHunter missiles, marking a milestone for the venture.
  • Iron Dome has maintained over a 95% success rate since 2011, while RTX’s recent earnings beat forecasts and its annual guidance was revised upward, reflecting strong financial performance.
Nov 21, 2025, 8:43 PM
RTX wins $1.25 billion Tamir missile production contract
RTX
New Projects/Investments
  • RTX’s Raytheon-Rafael Protection Systems (R2S) joint venture secured a $1.25 billion direct commercial sales agreement to supply Israel with Tamir surface-to-air missiles, missile kits, and test equipment.
  • R2S opened a new factory in East Camden, Arkansas, backed by a $33 million capital investment to accelerate Iron Dome interceptor production for both the Israeli MOD and the U.S. SkyHunter® program.
  • This marks the joint venture’s first all-up-round production facility and inaugural production contract, supporting both Iron Dome and the Marine Corps’ Medium-Range Intercept Capability program.
Nov 21, 2025, 1:17 PM
RTX outlines Q3 performance and full-year guidance
RTX
Guidance Update
Accounting Changes
New Projects/Investments
  • RTX posted 13% organic Q3 sales growth with $4 billion free cash flow, leading to a full-year sales outlook of $86.5–87 billion and adjusted EPS guidance of $6.10–6.20.
  • The company holds a $251 billion backlog and expects 2026 to deliver top-line growth that converts into margin expansion at all segments alongside increasing free cash flow.
  • RTX will transfer $2.5 billion of pension liabilities to an insurer, incurring a one-time pre-tax charge of ~$300 million in Q4 (non-cash, excluded from adjusted EPS) and a $200 million headwind to non-service pension income in 2026.
  • Defense segment is expanding capacity—$300 million invested at Raytheon this year—to meet surging munitions and integrated air defense demand, evidenced by a 1.94 book-to-bill ratio in Q3.
  • Capital allocation prioritizes $2.5–3 billion CapEx, R&D, dividends, and continued debt reduction (already repaid $5.78 billion, $4 billion remaining) before resuming share buybacks.
Nov 13, 2025, 2:30 PM
RTX outlines Q3 performance and strategic priorities at Baird conference
RTX
Guidance Update
Accounting Changes
Share Buyback
  • Strong Q3 performance: 13% organic sales growth, aftermarket +18%, defense and OE +10% each; $4 billion free cash flow; raising full-year sales to $86.5–87 billion and adj. EPS to $6.10–6.20
  • Q4 execution and pension de-risking: $251 billion backlog supports Q4; limited government shutdown impact; one-time $300 million pre-tax pension settlement transferring $2.5 billion obligation to an insurer with no effect on adj. EPS
  • Working capital focus: elevated inventory from growth; deploying digital tools for better material allocation and supplier visibility; expect Q4 inventory reduction alongside extended payables
  • 2026 outlook: anticipate top-line growth, margin expansion across all segments, and higher free cash flow driven by powder-metal payment completion and working capital improvements
  • Capital allocation strategy: investing ~$2.5 billion in CapEx and ~$3 billion in R&D annually; dividend remains priority; $5.78 billion of debt repaid with ~$4 billion left before resuming share repurchases
Nov 13, 2025, 2:30 PM
RTX affirms 2025 guidance after strong Q3 performance at Baird conference
RTX
Guidance Update
New Projects/Investments
  • RTX delivered 13% organic sales growth in Q3, with aftermarket up 18% and both defense and OE up 10%; Q3 free cash flow was $4 billion, and full-year guidance remains $86.5–87 billion in sales, $6.10–6.20 in adjusted EPS, and $7–7.5 billion in free cash flow.
  • Plans to transfer $2.5 billion of pension obligations to an insurer, incurring a one-time $300 million pre-tax, non-cash Q4 charge (excluded from adjusted EPS) and reducing 2026 non-service pension income by about $200 million.
  • With a backlog of $250 billion, RTX expects continued top-line growth, margin expansion, and higher free cash flow in 2026; 2025 investments include $2.5 billion in CapEx, $3 billion in R&D, while capital allocation will prioritize dividends and paying down the remaining $4 billion of debt before resuming share buybacks.
  • Defense book-to-bill was 1.94 in Q3, driving capacity investments in munitions and air‐defense systems; commercial operations saw OE engine output up 8–10% and GTF production up 55% versus 2019, with aftermarket material flow on track for 30% growth.
Nov 13, 2025, 2:30 PM
RTX reaffirms GTF engine partnership and outlines next-gen propulsion roadmap
RTX
New Projects/Investments
  • The IAE consortium—composed of Japanese Aero Engines Corporation, MTU Aero Engines and Pratt & Whitney—reaffirmed their commitment to evolve geared turbofan (GTF) technology for next-generation single-aisle aircraft.
  • The GTF program has achieved over 300 million flight hours, powers approximately 2,800 aircraft with more than 150 operators, and is projected to reach 300 million hours by the mid-2030s.
  • MTU has been part of the GTF maintenance, repair and overhaul network since 2015 and is expanding operations and facilities to meet rising global demand for GTF MRO services.
  • IAE is investing in next-generation GTF enhancements, including advanced materials, high-performance-computing aerodynamics, a small high-speed core and hybrid-electric propulsion technologies.
Nov 13, 2025, 10:00 AM
RTX to build U.S. solid rocket motor facility with Avio by 2028
RTX
New Projects/Investments
  • RTX signed a memorandum of understanding with Avio to establish a solid rocket motor facility in the U.S., granting Raytheon preferred access to production capacity to meet rising defense demand.
  • The new plant, due to be operational by early 2028, will also serve as a vertically integrated merchant supplier, enhancing U.S. supply chain diversity for advanced SRMs.
  • This partnership builds on prior contracts for Mk104 rocket motor engineering and procurement, aligning with growing global military spending on missile and tactical weapon systems.
  • Supported by defense leaders including Lockheed Martin, the collaboration underscores RTX’s strategic emphasis on strengthening its Raytheon segment amid tariff and budgetary risks.
Nov 10, 2025, 2:12 PM