RTX Corporation reported a 22% increase in its backlog to $289 billion, driven by robust defense demand, alongside an 18% rise in its stock price since late April. The company's Q2 results surpassed expectations with 14% sales growth (16% organic), 21% adjusted EPS growth, and free cash flow improving to $2.88 billion despite capacity limits. Raytheon led with 18% sales growth and major contract wins, while Pratt & Whitney and Collins Aerospace showed operational progress. Despite a high sector premium forward P/E of 38.8%, strong geopolitical factors and a growing backlog support the valuation for long-term investors.
Raytheon has completed a 17,000 sq ft expansion of its manufacturing facility in Forest, Mississippi, backed by a $50 million investment. This expansion will increase production capacity for critical electronic warfare and radar systems, including Ne...
In 2026, RTX outperformed its aerospace peers with a 14% gain, followed by GE Aerospace at 11%, while Boeing fell 3%. The iShares U.S. Aerospace & Defense ETF (ITA) gained 8%, reflecting a broader sector mix. Differences in business models—RTX's dive...
Collins Aerospace has successfully completed altitude testing of its Enhanced Power and Cooling System (EPACS), designed to improve the F-35 fighter jet's power and thermal management. This next-generation system provides significantly increased cool...
