RTX Raises 2026 Forecasts Due to Strong Demand for Aircraft Repairs and Defense Systems
RTX has raised its sales and profit forecasts for 2026, citing strong demand in commercial aircraft maintenance and defense systems. The company reported a significant increase in backlog, reaching $289 billion as of July 23, driven by sustained orders from both the aerospace and defense sectors. The surge is attributed to airlines prolonging use of older fleets due to new aircraft shortages caused by supply chain issues and delayed deliveries. RTX's Pratt & Whitney unit saw a sales increase to $8.89 billion, while Raytheon’s defense business rose 18% to $8.27 billion on demand for missile systems like Patriot and AMRAAM. RTX now expects adjusted full-year sales between $95–$96 billion—up from its previous forecast—and anticipates higher profit per share compared to earlier estimates, exceeding Wall Street expectations.
Topics: aerospace defense maintenance_services sales_forecast