RTX Corp reported better-than-expected Q2 results with adjusted EPS of $1.89 and revenue of $24.7 billion, beating analyst estimates. Sales grew 14% year-over-year and 16% organically, driven by strong commercial and defense demand. Following this, RTX raised its full-year 2026 adjusted earnings forecast to $7.10-$7.25 per share and sales guidance to $95-$96 billion, also increasing its organic sales growth outlook. The company’s backlog hit $289 billion, supporting its optimistic outlook, and it announced plans to sell Raytheon’s Blue Canyon Technologies for $620 million.
Raytheon has been selected to modernize radar sites for the US Space Force, enhancing missile-defense early warning and space monitoring. The Ground-Based Radar Digitization program will upgrade existing radar systems to improve performance, reliabil...
Raytheon secured a $729 million contract to deliver components of the LIDS counter-drone system to the U.S. Army, Qatar, and Jordan. The system includes Raytheon's Ku-band Radio Frequency Sensor and Coyote effectors, designed to detect and defeat dro...
Raytheon has successfully completed three tests of its upgraded Coyote Block 2C+RM drone interceptor, moving from concept to testing in 15 months. The upgrades include a new rocket motor for faster launch and flight, along with a new seeker and warhe...
Raytheon has secured a contract from the Office of Naval Research to enhance naval radar systems with advanced software-driven upgrades. These improvements aim to extend detection range, increase sensitivity, and boost radar efficiency, enabling fast...
