RTX Reports a Diversified $289 Billion Backlog with Strong Growth Outlook
Raytheon Technologies (NYSE: RTX) reported strong financial performance in Q2, including a 14% year-over-year revenue increase to $24.7 billion and non-GAAP adjusted earnings per share up by 21%. The company's backlog of signed but undelivered orders reached $289 billion, growing 22% compared to the previous year. Notably, RTX’s order book is diversified: approximately 60% comes from its commercial aerospace division and 40% from defense contracts. This mix highlights a balanced growth strategy across both sectors. The company recently secured an additional $22.9 billion contract for Tomahawk cruise missiles with the U.S. military, further strengthening its backlog. RTX’s guidance anticipates revenue between $95 billion and $96 billion this year. With robust order pipelines in commercial aerospace and defense, RTX is positioned to maintain strong growth over the next several years.
Tickers: $RTX
Topics: aerospace backlog defense revenue growth