RTX · Earnings call · 2026Q3T · Full report

International Defense Demand

RTX Corp · 2026-10-20 · Importance 70 · Surprise 56

Raytheon international bookings were 1.5 times year-over-year through the third quarter, reflecting strong demand from Europe, MENA, and Asia-Pacific. International orders totaled $9 billion at Raytheon during the third quarter. International programs represented 37% of total backlog, increasing to 52% when Tomahawk and AMRAAM munitions contracts were excluded. Management expects additional international bookings in the fourth quarter and described international demand as exceptionally robust.

Key facts

• RTX stated international defense demand is rising with defense budgets expected to grow across the European, Asia-Pacific, and MENA regions next year, including significant spending by Germany, Poland, and Japan.
• International bookings at Raytheon are up 1.5 times year to date on a year-over-year basis.
• International customers in Europe, MENA, and Asia-Pacific continue to have really strong demand for Raytheon's products.