RTX · Full Picture

RTX Corp — the full picture

Earnings window · 2026-07-23 to 2026-11-09

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Revenue Performance and Mix · Revenue growth & mixPriority 91
    +48.1% revenue; 4 sources (news, press_release, sec_filing, transcript); 9 forward row(s); structured_verified
    RTX won a $22.9 billion Tomahawk missile contract (reported as a recent contract win).
  2. AMRAAM Contract Award · UnclassifiedPriority 90
    +209.3% revenue; 3 sources (news, sec_filing, transcript); 12 forward row(s); structured_verified
    RTX said the undefinitized contracts will be accounted for on a cost-to-cost basis with CapEx and other investments to be made over the next two to three years as they capacitize and ramp to full-rate production over the multiyear terms.
  3. Guidance / Outlook · Guidance & outlookPriority 89
    +28.4% revenue; 3 sources (news, press_release, transcript); 12 forward row(s); quote_verified
    RTX now projects 2026 adjusted sales between $95 billion and $96 billion.
  4. Order Backlog and Book-to-Bill · Demand, orders & backlogPriority 83
    +42.5% revenue; 4 sources (news, press_release, sec_filing, transcript); 3 forward row(s); quote_verified
    RTX highlighted a $289 billion backlog that was up 22% from a year earlier.
  5. Tomahawk Missile Contract · UnclassifiedPriority 83
    +105.6% revenue; 2 sources (news, press_release); 3 forward row(s); quote_verified
    RTX Corp secured a $22.9 billion Tomahawk missile contract with the U.S. Navy.
  6. AMRAAM Production Expansion · Capacity & footprint expansionPriority 77
    +35.6% revenue; 3 forward row(s); quote_verified
    The $20.7 billion AMRAAM deal is intended to nearly double missile production.
  7. Operating Expense Trends · Operating expenses (SG&A)Priority 74
    -20.5% operating_income (realized); 3 sources (press_release, sec_filing, transcript); quote_verified
    Total cost of sales for the quarter ended June 30, 2026 was $19,575 million (79.2% of net sales) versus $17,205 million (79.7%) for the quarter ended June 30, 2025.
  8. Operating Cash Flow Trends · Cash flow generationPriority 73
    +0.4% cash; 4 sources (news, press_release, sec_filing, transcript); 5 forward row(s); structured_verified
    Full year free cash flow now expected between $8.5 billion and $8.75 billion, up from prior range of $8.25 billion to $8.75 billion.
  9. Nuclear Communications Modernization · UnclassifiedPriority 72
    +27.5% revenue; 3 forward row(s); quote_verified
    Raytheon secured an $8 billion maximum-ceiling contract from the U.S. Air Force Nuclear Weapons Center to modernize strategic communications terminals.
  10. Operating Income and Margins · Operating income & profitabilityPriority 71
    +1.5% operating_income; 4 sources (news, press_release, sec_filing, transcript); 5 forward row(s); structured_verified
    Six months ended June 30, 2026 net income attributable to common shareowners: $4,198 million; six months ended June 30, 2025: $3,192 million.
  11. Defense Spending Outlook · Guidance & outlookPriority 70
    3 sources (news, sec_filing, transcript); 4 forward row(s); quote_verified
    The President’s proposed Fiscal Year 2027 defense budget released April 21, 2026 seeks $1.5 trillion, consisting of $1.15 trillion in base discretionary budget and $350 billion of mandatory funding through reconciliation.
  12. International Defense Demand · Demand, orders & backlogPriority 68
    3 sources (news, press_release, transcript); 2 forward row(s); quote_verified
    Raytheon booked over $10 billion of international awards in the first half of the year, which is up more than 2x year-over-year, including over $7 billion from European customers.

Threads by pillar

Revenue & Demand Priority 97 · 10 threads

Costs & Margins Priority 84 · 6 threads

Capital & Balance Sheet Priority 89 · 7 threads

Strategy & Portfolio Priority 85 · 7 threads

Legal, Regulatory & Policy Priority 66 · 6 threads

Guidance & Outlook Priority 92 · 3 threads

Macro & Market Conditions Priority 26 · 1 thread

Management & Governance Priority 27 · 1 thread

Unclassified Priority 99 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
revenue+508.4%+508.4%+116.2%
operating_income+1.9%+2.6%-10.2%
cash+0.6%+1.6%+4.8%
assets-0.1%+0.2%+2.7%
liability-0.2%+0.2%+0.5%
margin——+3.0%
net_income——-2.0%