RTX Corporation recently secured $45 billion in missile contracts, significantly boosting its defense backlog to approximately $119 billion, an 11.2% increase year-to-date. This growth outpaces last year's and is driven by increased missile procurement from the US Department of War and allied forces amid expanding global conflicts. Valuation metrics suggest the company is attractively priced given expected margin growth and sustained demand. RTX's missile programs are becoming central to its defense business, supported by strong geopolitical tailwinds.
RTX Corporation's recent surge in defense orders is notable. For readers following the Industrials sector, here is Pluang's market snapshot as of Oct 02, 2026 18:21 WIB: out of 93 priced US Industrials stocks, 76 rose and 13 fell. Notable movers include AAL at USD 13.35 (+1.64%), SMR at USD 7.91 (+1.54%, with 89% buy orders), and RDW at USD 10.73 (+1.51%, with 64% buy orders).
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