RTX (RTX) Company Report

Raytheon completed a ballistic test for the U.S. Army’s Next Generation Short Range Interceptor (NGSRI), self-funded to demonstrate technical maturity ahead of the program’s flight test demonstration.
The interceptor successfully tracked drone targets and was fired from a man-portable launcher, validating critical performance capabilities.
In 2025, Raytheon and Northrop Grumman’s tests of Highly Loaded Grain (HLG) solid rocket motors showed extended range and higher energy output, enhancing NGSRI’s performance.
NGSRI, designed to replace the Stinger® missile, offers faster speeds and improved performance, leveraging modular design and automated manufacturing for rapid development.

1 day ago

Press Release

RTX’s Raytheon selected by DARPA for advanced maritime defense

RTX

New Projects/Investments

RTX’s Raytheon business won a DARPA contract under the Pulling Guard program to develop an advanced sensing and targeting system for protecting commercial shipping and naval logistics vessels against unmanned surface vehicle threats.
The system integrates Electro-Optical/Infrared sensors, detection software, and command-and-control, deploying via tethered drones on towed semi-autonomous platforms to deliver real-time target tracking and remote engagement.
Program execution is planned in two phases: simulated engagements to assess system performance and operator workflows, followed by integration of live operational launchers and effectors.
The developed technology aims to provide broader naval and security capabilities, including automated overwatch for medium to large USVs and manned combatants across multiple theaters.
RTX reported 2025 sales of $88 billion and, with over 180,000 employees, is the world’s largest aerospace and defense company headquartered in Arlington, Virginia.

1 day ago

Press Release

RTX: Defense Contracting Services Market to Reach $905.51 B by 2030

RTX

The global defense contracting services market is forecast to expand from $705.44 billion in 2025 to $743.39 billion in 2026 (CAGR 5.4%), and further to $905.51 billion by 2030 (CAGR 5.1%).
Growth is underpinned by military modernization, rising demand for outsourced logistics and maintenance, advanced simulation and training solutions, and increased procurement of aviation, naval, ground systems, and satellite services.
North America currently leads the market, while Asia-Pacific is identified as the fastest-growing region.
Key trends include the adoption of advanced digital tools for contractor-led maintenance, integrated multi-domain platforms, expansion of satellite and space-based defense services, heightened cybersecurity focus, and innovations in autonomous and unmanned systems.
Geopolitical tensions, highlighted by a 15% increase in global political violence incidents in 2024, are expected to drive further demand for advanced military technologies.

6 days ago

Press Release

RTX forecasts $27.5 B tactical radios market by 2030

RTX

Projected increase from $13.66 B in 2025 to $15.86 B in 2026 (CAGR 16.1%), reaching $27.5 B by 2030 (CAGR 14.8%).
Key growth drivers include secure battlefield communications, encryption innovations, rising defense budgets, and integration of AI and software-defined radios.
Market dominated by RTX, General Dynamics, Northrop Grumman, and BAE Systems; North America led in 2025, with Asia-Pacific as the fastest-growing region.
Trends focus on ruggedized, lightweight, energy-efficient radios, enhanced wireless capabilities, and investments in network modernization and cybersecurity.

6 days ago

Press Release

RTX’s Raytheon unit wins multiple $190-200M defense contracts

RTX

New Projects/Investments

RTX’s Raytheon unit signed a three-year, up to $200 million agreement with TTM Technologies for RF assemblies, electronic hardware and PCBs to support a lower-tier air and missile defense sensor.
Raytheon secured a $197 million U.S. Air Force contract to produce and support seven MS-110 multispectral reconnaissance pods for the Polish Air Force, with work in Massachusetts through August 2031.
The company received a $193.7 million contract modification for tube-launched, optically tracked wireless guided missiles, funded by FY24 and FY25 Army procurement budgets, with completion expected by September 30, 2028.

7 days ago

Morningstar

RTX reports Q4 2025 results

RTX

Earnings

Guidance Update

RTX delivered $24.2 B in Q4 2025 adjusted sales, up 12% YoY, with 14% organic growth.
Q4 adjusted EPS was $1.55, up 1% YoY; GAAP EPS was $1.19, up 8%.
Q4 free cash flow reached $3.2 B, contributing to $7.9 B of FCF for FY 2025, a $3.4 B increase.
Backlog expanded to $268 B, up 23%, underpinned by $138 B of new awards and a full-year book-to-bill of 1.56.
2026 outlook: adjusted sales of $92.0 B–$93.0 B, adjusted EPS of $6.60–$6.80, and free cash flow of $8.25 B–$8.75 B.

7 days ago

Presentation

RTX reports Q4 2025 results

RTX

Earnings

Guidance Update

RTX delivered $24.2 billion in adjusted sales (+12% adjusted; +14% organic) and $1.55 adjusted EPS (+1%) in Q4 2025, generating $3.2 billion in free cash flow for the quarter and $7.9 billion for FY 2025.
For FY 2025, RTX achieved $88.6 billion in adjusted sales (11% organic growth), $6.29 adjusted EPS (10% YoY increase), and $7.9 billion in free cash flow, while ending the year with a record backlog of $268 billion (book-to-bill 1.56).
The year-end backlog was up 23% YoY, with $161 billion in commercial and $107 billion in defense orders, driven by robust aircraft production rates and strong missile defense awards.
RTX expects for 2026 adjusted sales of $92–93 billion (5–6% organic growth), adjusted EPS of $6.60–6.80, and $8.25–8.75 billion in free cash flow.

7 days ago

Transcript

RTX reports Q4 2025 earnings and 2026 guidance

RTX

Earnings

RTX delivered $24.2 billion in adjusted sales in Q4, up 12% on an adjusted basis and 14% organically, with adjusted EPS of $1.55 and quarterly free cash flow of $3.2 billion.
For the full year 2025, RTX achieved $88.6 billion of adjusted sales (up 11% organically), adjusted EPS of $6.29 (up 10%), and free cash flow of $7.9 billion (up $3.4 billion).
Orders remained robust, with a full-year book-to-bill ratio of 1.56 and a record backlog of $268 billion (up 23% year-over-year).
RTX issued 2026 guidance of $92–93 billion in sales (5–6% organic growth), adjusted EPS of $6.60–6.80, and free cash flow of $8.25–8.75 billion.

7 days ago

Transcript

RTX reports strong Q4 2025 results and raises 2026 outlook

RTX

Earnings

Guidance Update

New Projects/Investments

Full-year 2025 adjusted sales reached $88.6 billion, up 11% organically, with adjusted EPS of $6.29 (+10%) and free cash flow of $7.9 billion, and backlog climbed 23% to $268 billion (book-to-bill 1.56).
In Q4, adjusted sales were $24.2 billion (+14% organic), segment profit $2.9 billion (+9%), adjusted EPS $1.55 (+1%), and free cash flow $3.2 billion.
For 2026, RTX guides to $92–$93 billion in adjusted sales (5–6% organic growth), $6.60–$6.80 in adjusted EPS, and $8.25–$8.75 billion in free cash flow.
Operationally, munitions output rose 20% in 2025 with further increases planned in 2026 , supported by $2.6 billion in CapEx in 2025 and an additional $3.1 billion planned for 2026.

7 days ago

Transcript

RTX reports Q4 2025 results

RTX

Earnings

Guidance Update

RTX topped fourth-quarter estimates with revenue of $24.2 billion and adjusted EPS of $1.55.
Net income and adjusted net income rose year over year, driven by strong Pratt & Whitney engine sales and higher MRO demand for older commercial aircraft.
The quarter closed with a $268 billion backlog (approx. $161 billion commercial, $107 billion defense), bolstered by sustained munitions and missile demand.
Management issued 2026 guidance calling for $92.0–$93.0 billion in adjusted sales, adjusted EPS of $6.60–$6.80, and free cash flow of $8.25–$8.75 billion.