On January 28, 2026, Jefferies reaffirmed a Hold rating on RTX while boosting its 12-month price target from $210 to $225. The firm cited the company’s diversified portfolio—spanning Pratt & Whitney engines, Collins Aerospace avionics, and Raytheon defense systems—and its strong free cash flow profile as justification for the increase. Jefferies analysts noted that operational efficiencies in the Collins division and robust military aftermarket demand underpin their stable outlook, even as commercial airline traffic patterns normalize.

Raytheon, an RTX business unit, has been awarded a contract worth up to $200 million over three years to supply Lower Tier Air and Missile Defense Sensor (LTAMDS) components to TTM Technologies. The agreement covers design, production and integrated logistics support and is expected to begin delivery in mid-2026. This award expands RTX’s backlog in advanced sensing equipment and reinforces its leading position in the U.S. Army’s layered air defense upgrade program.

RTX reported fourth-quarter 2025 sales of $24.23 billion, a 12% year-over-year increase driven by double-digit growth in Pratt & Whitney commercial engine deliveries and continued strength in Raytheon defense programs. Adjusted EPS rose to $1.55, surpassing consensus estimates by 5 cents, thanks to improved net productivity and favorable program mix across all three segments. Operating cash flow reached $4.2 billion, while free cash flow totaled $3.2 billion, providing additional balance-sheet flexibility for R&D investment and debt reduction.

RTX’s Raytheon division secured a $197 million contract from the U.S. Air Force Life Cycle Management Center to deliver seven MS-110 Multispectral Reconnaissance pods to the Polish Air Force—the first NATO member to acquire the system. Production, aircraft integration and engineering support will be performed in Westford, Massachusetts, with completion slated for August 2031. The MS-110 leverages AI and machine-learning capabilities to process day- and night-time wide-area imagery, enhancing allied situational awareness and counter-camouflage operations.