RTX · 10-Q · 2026Q2 · Full report
Defense Contract Awards
RTX Corp · 2026-07-23 · Importance 46 · Surprise 42 · Contradicted
Raytheon recorded major awards across air and missile defense products during the second quarter of 2026. Awards included $3.7 billion for Patriot GEM-T interceptors for Ukraine, $988 million for Patriot GEM-T interceptors for Poland through the NATO Support and Procurement Agency, and $628 million for Patriot systems for the Netherlands in the first six months. Other awards included $1.1 billion for AIM-9X Sidewinder Block II, $1.1 billion for AMRAAM, $833 million for Evolved SeaSparrow Missiles, $827 million for LTAMDS, $821 million for NASAMS, and $658 million for StormBreaker. The company also booked $542 million for SM-3 and $1.6 billion in additional classified contracts during the six months.
Key facts
- Defense bookings were approximately $23 billion for the quarter ended June 30, 2026 and $12 billion for the quarter ended June 30, 2025; and approximately $37 billion and $21 billion for the six months ended June 30, 2026 and 2025, respectively. source
- In the quarter ended June 30, 2026 Raytheon recorded $20 billion in defense bookings including $3.7 billion for Patriot GEM-T interceptors for Ukraine and $4.1 billion on a number of classified and confidential contracts. source
- In the six months ended June 30, 2026 Raytheon recorded $27 billion in defense bookings including $628 million to provide Patriot systems for the Netherlands and $1.6 billion on a number of classified contracts. source
- Collins recorded $2 billion and $5 billion in defense bookings in the quarter and six months ended June 30, 2026, respectively, comprised of a number of smaller individual bookings under $0.5 billion. source
- Raytheon segment sales by contract type for the quarter ended June 30, 2026: Fixed-price $5,106 million and Cost-type $3,114 million, consolidated net sales $8,220 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +92.9% | In the six months ended June 30, 2026 Raytheon recorded $27 billion in defense bookings including $628 million to provide Patriot systems… |
| revenue | positive | committed | +68.8% | In the quarter ended June 30, 2026 Raytheon recorded $20 billion in defense bookings including $3.7 billion for Patriot GEM-T interceptors… |
| revenue | positive | realized | +64.8% | Defense bookings were approximately $23 billion for the quarter ended June 30, 2026 and $12 billion for the quarter ended June 30, 2025;… |
| revenue | positive | realized | +44.5% | Defense bookings were approximately $23 billion for the quarter ended June 30, 2026 and $12 billion for the quarter ended June 30, 2025;… |
| revenue | positive | committed | +17.2% | Collins recorded $2 billion and $5 billion in defense bookings in the quarter and six months ended June 30, 2026, respectively, comprised… |
| revenue | positive | committed | +6.9% | Collins recorded $2 billion and $5 billion in defense bookings in the quarter and six months ended June 30, 2026, respectively, comprised… |