Overview
- RTX reported fourth-quarter revenue of $24.24 billion, up about 12% year over year, with adjusted earnings of $1.55 per share that topped expectations.
- Pratt & Whitney posted a 25% rise in adjusted sales on stronger F135 engine deliveries and F100 maintenance, supported by recent $2.8 billion production and $1.6 billion sustainment awards.
- Collins Aerospace adjusted sales increased 3% and Raytheon rose 7%, while airlines operating older fleets boosted demand for maintenance and repair services.
- For 2026, RTX guided to $92–$93 billion in adjusted sales, projected adjusted EPS of $6.60–$6.80, and free cash flow of $8.25–$8.75 billion.
- President Trump issued an executive order linking buybacks, dividends and executive compensation to weapons delivery schedules, with Raytheon specifically cautioned over stock repurchases.