RTX Corporation (RTX)
NYSE · Industrials · analysed October 12, 2026
RTX Corporation is a global aerospace and defense company that provides advanced commercial aviation systems, jet engines, radar, and missile defense technologies through three core business segments: Collins Aerospace, Pratt & Whitney, and Raytheon. Tracing its historical roots back to 1922 with the founding of Raytheon, the current enterprise was formed through the 2020 merger of Raytheon Company and United Technologies Corporation before rebranding as RTX in 2023. The company is currently focused on expanding its manufacturing capacity to fulfill a record order backlog, meeting surging global demand for air defense and missile systems, and managing commercial engine maintenance and fleet supply chain constraints.
Executive summary
RTX Corporation benefits from record multi-year defense replenishment orders and an entrenched commercial aerospace aftermarket duopoly. Massive contract wins across naval and tactical munitions have expanded backlog visibility, while commercial flight hours support high-margin engine servicing. Near-term execution faces ongoing inspection headwinds from Geared Turbofan powdered metal remediation and solid-rocket motor supply bottlenecks.
Key figures
- Market cap
- $249.5B
- P/E, trailing
- 32.5
- P/E, next 12 months
- 24.4
- Revenue growth, last fiscal year
- 9.8%
- Net margin, last fiscal year
- 7.6%
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