RTX Corp NYSE:RTX Price, Chart, News & Insight

RTX Wins $22.9 Billion Tomahawk Missile Contract as U.S. Boosts Weapons Production

RTX (NYSE: RTX) is in focus Monday after its Raytheon business secured a major seven-year contract worth $22.9 billion to significantly expand production of Tomahawk cruise missiles for the U.S. Navy.

Under the agreement, Raytheon will ramp annual Tomahawk production to more than 1,000 missiles, along with associated support. The multi-year structure is designed to provide a more stable and predictable supply of the long-range precision-strike weapon for the U.S. Navy and allied forces.

The award represents a significant long-term addition to RTX’s defense business and highlights rising demand for missile production as the U.S. seeks to replenish inventories and expand weapons manufacturing capacity.

RTX has already been accelerating production. The company said it delivered three times as many Tomahawk missiles during the first half of 2026 compared with the same period in 2025. The new contract will support further investments in manufacturing facilities, technology, workforce and the supply chain.

Defense Backlog Gets Major Boost

The $22.9 billion award is particularly significant given its scale and seven-year duration, providing Raytheon with substantial long-term revenue visibility. RTX will also work with hundreds of small and mid-sized suppliers as production expands.

Tomahawk remains one of the U.S. military’s primary long-range precision-strike weapons and can be launched from multiple naval platforms against targets hundreds of miles away.

For RTX, the contract reinforces Raytheon’s position as one of the most important suppliers of missiles and precision weapons to the U.S. military. With global defense spending elevated and governments increasingly focused on rebuilding weapons inventories, the Tomahawk production expansion could provide a meaningful long-term growth driver for RTX’s defense segment.

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WS Investor 08-17-26

RTX Rallies After Jefferies Upgrades Stock to Buy and Raises Price Target

RTX shares gained more than 3% after Jefferies upgraded the aerospace and defense company from Hold to Buy and raised its price target from $210 to $220. The analyst action reflects growing confidence in RTX's earnings outlook and long-term growth prospects.

The upgrade comes as defense stocks continue to benefit from increasing global military spending and heightened geopolitical tensions. Governments around the world have been boosting defense budgets, supporting demand for advanced missile systems, aerospace technologies, and military equipment—areas where RTX maintains a strong competitive position.

In addition to its defense business, RTX is benefiting from continued strength in commercial aerospace markets. Rising aircraft production and growing demand for maintenance and aftermarket services have provided additional support for revenue and earnings growth.

With shares trading around $178, Jefferies' new $220 price target implies substantial upside potential. The upgrade suggests analysts believe the company's improving fundamentals and favorable industry backdrop are not yet fully reflected in the stock price.

Today's rally highlights improving investor sentiment toward RTX as Wall Street becomes increasingly optimistic about the company's ability to capitalize on both defense spending trends and the ongoing recovery in global aviation. The combination of a rating upgrade and higher price target signals that analysts see further room for gains despite the stock's strong performance in recent years.

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WS Investor 06-04-26

RTX reported strong first-quarter 2026 results, with sales rising 9% year-on-year to $22.1 billion and organic growth reaching 10%. Adjusted earnings per share increased 21% to $1.78, reflecting solid performance across all business segments.

The company generated $1.9 billion in operating cash flow and $1.3 billion in free cash flow during the quarter, while maintaining a large backlog of $271 billion, split between commercial and defense businesses.

Driven by the strong start to the year and continued demand—particularly in its defense segment—RTX raised its full-year 2026 outlook. The company now expects adjusted sales of $92.5–$93.5 billion and adjusted EPS of $6.70–$6.90, while reaffirming its free cash flow guidance.

RTX said its performance was supported by execution on its backlog and ongoing investments to expand production capacity and deliver new technologies to customers.
PRNewswire

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European Investor 04-21-26

RTX to release first quarter earnings results on April 21, 2026

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European Investor 03-31-26

3 Defence Stocks Gaining Amid Middle East Tensions

Discover the 3 defence stocks gaining amid geopolitical tensions, showcasing best-in-class equipment and strong financials.

(thesmartinvestor.com.sg)

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The Investor 03-29-26

3 Defence Stocks Gaining Amid Middle East Tensions

Discover the 3 defence stocks gaining amid geopolitical tensions, showcasing best-in-class equipment and strong financials.

(thesmartinvestor.com.sg)

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The Investor 03-27-26

Rackspace Technology (NASDAQ: RXT) and Palantir Technologies (NASDAQ: PLTR) announced a strategic partnership to help enterprises deploy and operate Palantir Foundry and Artificial Intelligence Platform (AIP) in production with governed managed operations.

Under the agreement, Rackspace will provide secure, compliant operations across edge, core, and cloud environments, enabling customers—particularly in regulated industries—to move AI use cases into production in weeks or months rather than years. Palantir software will also be supported in Rackspace’s Private Cloud and UK Sovereign data centers to address data sovereignty and compliance requirements.

Rackspace will deliver data migration, implementation, hosting, and ongoing managed services for Palantir platforms. The company currently has 30 Palantir-trained engineers and plans to scale that number to more than 250 over the next 12 months.

The partnership aims to offer an end-to-end AI deployment model, integrating infrastructure, data readiness, platform implementation, and managed operations to accelerate time to value and measurable business outcomes.

Source: Globe Newswire.

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WS Investor 02-19-26

RTX reported strong fourth-quarter and full-year 2025 results and issued a positive outlook for 2026, citing solid demand across its commercial and defense businesses.

In the fourth quarter, RTX posted sales of $24.2 billion, up 12 percent year over year, with adjusted earnings per share of $1.55 and free cash flow of $3.2 billion. The company ended the year with a backlog of $268 billion, split between commercial aerospace and defense programs.

For full-year 2025, sales increased 10 percent to $88.6 billion, while adjusted EPS rose 10 percent to $6.29. Free cash flow reached $7.9 billion, up $3.4 billion from the prior year, reflecting improved operating performance and execution.

Looking ahead, RTX expects continued growth in 2026, forecasting adjusted sales of $92.0 to $93.0 billion, organic sales growth of 5 to 6 percent, adjusted EPS of $6.60 to $6.80, and free cash flow of $8.25 to $8.75 billion. Management said the company is entering 2026 with strong momentum and remains focused on expanding capacity, investing in new capabilities, and executing its sizable backlog.

Source: PR Newswire

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WS Investor 01-27-26

RTX reported strong fourth-quarter and full-year 2025 results and issued an upbeat outlook for 2026, supported by solid demand across commercial and defense markets. Fourth-quarter sales rose 12% year on year to $24.2 billion, while adjusted EPS reached $1.55 and free cash flow totaled $3.2 billion. Company backlog stood at $268 billion at year-end, split between $161 billion in commercial and $107 billion in defense programs.

For full-year 2025, RTX posted sales of $88.6 billion, up 10%, with adjusted EPS of $6.29 and free cash flow of $7.9 billion. Looking ahead, the company expects continued growth in 2026, guiding for adjusted sales of $92–93 billion, organic growth of 5–6%, adjusted EPS of $6.60–6.80, and free cash flow of $8.25–8.75 billion, as it invests in capacity expansion and executes on its sizable backlog.

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European Investor 01-27-26

RTX urged shareholders to reject an unsolicited “mini-tender” offer from Tutanota to purchase up to 500,000 shares at $130 per share, warning that the offer is significantly below current market prices.

RTX said the offer price represents a steep discount to recent trading levels and is subject to multiple conditions, including financing. The company emphasized it is not affiliated with Tutanota and reminded investors that mini-tender offers provide fewer regulatory protections, advising shareholders to exercise caution and consult financial advisers.

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Global Finance News 01-07-26

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3 Defence Stocks Gaining Amid Middle East Tensions

3 Defence Stocks Gaining Amid Middle East Tensions

NYSE:RTX