RTX · 10-Q · 2026Q2 · Full report

Defense Spending Outlook

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

Congress funded most federal agencies through September 30, 2026, while the President’s proposed Fiscal Year 2027 defense budget seeks $1.5 trillion, including $1.15 trillion in base discretionary funding and $350 billion in mandatory reconciliation funding. A June 24, 2026 supplemental request included approximately $67 billion for defense, including $21 billion for munitions replenishment, and RTX is monitoring congressional action. The July 2025 reconciliation Act also provided $156.2 billion to the Department of War through 2029, including $24.4 billion for the Golden Dome for America project and $25.4 billion for munitions and supply-chain resiliency, creating potential opportunities subject to awards, timelines, mission priorities, and future budget determinations.

Key facts

• 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. source
• On June 24, 2026 the President submitted a supplemental funding request to Congress with approximately $67 billion intended for defense spending, including $21 billion for munitions replenishment. source
• The Act includes $25.4 billion in funding to enhance DoW resources for munitions and supply chain resiliency. source
• RTX Corp states it is strategically situated as a leading munitions manufacturer to play a key role supporting the munitions and supply chain resiliency initiative. source
• On February 3, 2026 Congress passed and the President signed a spending package providing full-year funding for most federal agencies through September 30, 2026. source

Impact estimates