RTX reported trailing twelve-month revenue of $85.5 billion, driven by record backlogs exceeding $200 billion across its Pratt & Whitney, Collins Aerospace and Raytheon Intelligence & Space units. The company’s forward revenue growth rate stands at 10.26%, while analysts project recurring EPS beats for five consecutive quarters. Management highlighted a backlog conversion rate above 90% in its commercial engines segment and order visibility extending into 2030 for defense missiles and radars. Despite trading at a 30.04x forward P/E multiple, RTX has delivered a total shareholder return of 22% year-to-date and maintains a 2.4% dividend yield, underscoring strong cash flow generation and a shareholder-friendly capital allocation policy that includes share repurchases of $3 billion authorized this year.

RTX’s Raytheon Missiles & Defense unit secured a $104.1 million contract to provide engineering, logistics and in-theater support for the Evolved Sea Sparrow Missile (ESSM) through 2026. The Navy-backed award covers spare parts provisioning and software sustainment for U.S. and allied naval forces in Europe and the Indo-Pacific. This contract reinforces RTX’s leadership in ship-launched air defense, following a 15% increase in global ESSM orders over the past 12 months. Delivery milestones are set annually, with performance incentives tied to system availability rates above 98%, further underpinning recurring revenue streams in the defense segment.