RTX Secures $23 Billion Navy Contract for Tomahawk Missiles
RTX Corporation has secured a landmark $22.9 billion contract with the U.S. Navy for the production of Tomahawk cruise missiles over seven years, providing revenue visibility through the 2030s. The agreement supports inventory replenishment and modernization efforts in maritime and land-strike capabilities. This follows another recent defense order worth $745 million for missile-defense interceptors. In its Q2 earnings report, RTX exceeded expectations with adjusted EPS of $1.89 against a forecast of $1.66, while net sales rose 14.5% year-over-year to $24.7 billion. The company raised full-year 2026 adjusted EPS guidance to between $7.10 and $7.25 due to strong demand in both defense and commercial aviation sectors. RTX benefits from a diversified business model that combines long-term government contracts with recurring revenue streams from commercial aerospace maintenance services, offering investors stable earnings growth potential amid global defense spending increases.
Topics: aerospace earnings guidance RTX Tomahawk missile U.S. Navy contract