RTX · 10-Q · 2026Q2 · Full report

Trade Policy and Tariffs

RTX Corp · 2026-07-23 · Importance 46 · Surprise 42 · In source text

Since February 2025, the U.S. has imposed tariffs on imports from all trading partners, while certain countries have imposed retaliatory tariffs and non-tariff countermeasures on U.S. goods. RTX has paid approximately $0.5 billion in IEEPA tariffs since their inception and has submitted refund claims following the February 2026 Supreme Court ruling and the U.S. Court of International Trade order directing CBP refunds, although only an immaterial amount had been recognized by June 30, 2026. RTX is pursuing exemptions, supply-chain changes, and price increases, but tariff costs and refund timing could materially affect estimates-at-completion, inventory recoverability, contract fulfillment costs, deferred tax assets, intangible assets, goodwill, results of operations, and cash flows.

Key facts

• The U.S. Court of International Trade has ordered U.S. Customs and Border Protection to refund the collected IEEPA tariffs. source
• On April 20, 2026 CBP established an online portal through which companies can submit certain IEEPA tariff refund requests. source
• Following the Supreme Court ruling invalidating IEEPA tariffs, the U.S. government imposed new and revised tariffs under various available regimes which may apply to certain products for which RTX is the importer of record. source
• RTX Corp has paid approximately $0.5 billion of IEEPA tariffs since their inception. source
• The U.S. Supreme Court ruled in February 2026 that tariffs imposed under the International Emergency Economic Powers Act (IEEPA) on goods imported into the United States were unauthorized. source
• As of June 30, 2026, RTX Corp has submitted refund claims and has received and recognized an immaterial amount of refunds. source

Impact estimates