Overview
- RTX reported stronger third-quarter results with adjusted earnings of $2.26 per share and revenue of $24.97 billion, and it raised full-year 2026 guidance to $7.65–$7.75 for adjusted EPS and $97.0–$97.5 billion for sales.
- The company said more than $81 billion in new commercial and defense awards pushed its order backlog to $340 billion, a level that signals work and revenue scheduled over multiple years.
- Collins Aerospace, Pratt & Whitney and Raytheon each posted double-digit revenue gains: Collins rose 10% with a 23% jump in OEM sales, Pratt & Whitney rose 10% with a 21% increase in commercial aftermarket sales, and Raytheon climbed 14% led by naval and land and air defense programs.
- Management lifted targets for organic growth and annual free cash flow while quarterly free cash flow fell roughly 47% to about $2.1 billion, reflecting timing and working-capital swings in the quarter.
- Analysts say these results mirror a wider industry upcycle where recovering commercial travel fuels maintenance and parts work and sustained defense spending supports multi-year production, hiring and supplier activity.