RTX Corp backlog hits $268 billion after Q4 earnings beat estimates
RTX Corp reported fourth-quarter 2025 earnings and revenues that exceeded estimates, propelled by strong military orders and improving commercial engine volumes. The company’s $268 billion backlog as of December 31, 2025 underpins growth despite challenges from recent U.S. import tariffs and ongoing aerospace supply-chain constraints.
1. Fourth-Quarter Results Exceed Estimates
RTX Corp delivered adjusted fourth-quarter 2025 earnings and revenue that outpaced consensus, supported by robust Pentagon and allied defense product orders combined with higher volumes across large commercial engines and Pratt Canada operations.
2. Record Backlog Drives Visibility
The company reported a backlog of $268 billion as of December 31, 2025, reflecting strong order intake for combat-proven defense systems and growing demand from commercial aviation, providing multi-year revenue visibility.
3. Share Performance Outpaces Peers
RTX Corp’s stock has risen 29.2% over the past six months versus an 11.7% gain in the Aerospace & Defense industry, driven by solid fundamentals and improving global commercial air traffic trends.
4. Emerging Risks and Headwinds
Recent U.S. government-issued import tariffs introduce cost pressures, while persistent aerospace supply-chain disruptions could affect production schedules and margins in both defense and commercial segments.