RTX Reports Strong Q3 Earnings with Record Backlog and Raised Guidance
Raytheon Technologies Corporation (RTX) reported strong third-quarter results, driven by robust organic growth across its three business segments. Adjusted sales reached $25 billion, reflecting a 12% increase year over year due to double-digit gains in commercial original equipment, aftermarket services, and defense channels. The company also raised full-year guidance for both revenue and adjusted earnings per share (EPS), citing improved performance and cost recovery from IEEPA-related expenses. RTX highlighted record backlog levels of $340 billion, a 18% sequential increase, with significant contributions from defense bookings totaling $59 billion. This includes major contracts such as Tomahawk ($23 billion) and AMRAAM (multiyear production). Free cash flow for the quarter was reported at $2.1 billion, supporting an upward revision of full-year free cash flow expectations to between $9.0 billion and $9.2 billion.
Tickers: $RTX
Topics: adjusted_eps backlog defense_bookings free_cash_flow sales