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Bank of Nova Scotia cut its holdings in RTX Corporation (NYSE: RTX) by 29.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,987 shares of the company's stock after selling 129,851 shares during the quarter.

The announcement comes as demand for air and missile defense systems continues to accelerate worldwide.

RTX said Raytheon booked more than $10 billion in international defense awards during the first half of the year—more than double last year’s level—with 48% of Raytheon’s backlog now coming from international customers.

Management also pointed to growing U.S. demand, highlighting bipartisan support for higher defense spending and ongoing discussions to convert long-term framework agreements into production contracts. CEO Christopher Calio said Patriot systems have continued to demonstrate their effectiveness “in some of the most contested environments,” reinforcing demand both at home and abroad.

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RTX Corp. (NYSE:RTX) on Thursday reported upbeat second-quarter results and raised its full-year financial outlook.

The company reported adjusted earnings of $1.89 per share, beating analysts’ estimate of $1.66 per share, according to Benzinga Pro. Sales increased 14% year over year to $24.71 billion, ahead of estimates of $22.89 billion. Organic sales grew 16%.

RTX raised its full-year adjusted earnings forecast to a range of $7.10 to $7.25 per share from its prior outlook of $6.70 to $6.90 per share. The new guidance is above analysts’ estimate of $6.92 per share.

The company also increased its sales forecast to $95 billion to $96 billion from $92.5 billion to $93.5 billion. Analysts were expecting $94.09 billion. RTX now expects organic sales growth of 8% to 9%, up from its previous forecast of 5% to 6%.

RTX shares gained 2.1% to trade at $213.50 on Friday.

These analysts made changes to their price targets on RTX following earnings announcement.

Wells Fargo analyst David Strauss maintained the stock with an Equal-Weight rating and raised the price target from $200 to $230. Susquehanna analyst Charles Minervino maintained the stock with a Positive and raised the price target from $235 to $245. Considering buying RTX stock? Here’s what analysts think:

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Key Takeaways RTX beat Q2 estimates as adjusted sales rose 14% and backlog reached a record $289 billion.RTX lifted 2026 sales, organic growth, adjusted EPS, and free cash flow guidance.RTX saw broad growth across Collins, Pratt & Whitney, and Raytheon with expanding margins. RTX (NYSE: (RTX - Free Report) reported better-than-expected second-quarter 2026 results, with strong execution across its commercial aerospace and defense businesses driving double-digit sales and earnings growth. The aerospace and defense giant also raised its full-year guidance for sales, adjusted earnings per share (EPS), and free cash flow, reflecting robust demand, record backlog, and improved operating performance.

The company posted adjusted EPS of $1.89, which exceeded the consensus estimate of $1.66. Revenues amounted to $24.71 billion, surpassing the consensus mark of $22.88 billion. Adjusted sales increased 14% year over year, or 16% organically, supported by double-digit growth in commercial aftermarket and defense operations.

Commercial Aerospace and Defense Continue to Drive GrowthChairman and CEO Chris Calio said the company delivered another quarter of strong operational execution as demand remained robust across both commercial aerospace and defense markets. RTX ended the quarter with a record $289 billion backlog, up 22% from a year ago.

On the defense side, Raytheon secured nearly $20 billion in awards during the quarter, including more than $5 billion of Patriot GEM-T interceptor orders, over $4 billion of classified awards, and $1.8 billion in AMRAAM missile contracts. Commercial aerospace also remained healthy, with more than $20 billion in original equipment and aftermarket orders.

Pratt & Whitney Makes Progress on GTF RecoveryManagement highlighted continued progress in its geared turbofan (GTF) fleet management plan.

Aircraft-on-ground (AOG) counts for the PW1100 engine family declined another quarter and are now down 25% year to date, supported by a 40%+ increase in MRO output and a 23% reduction in turnaround times.

Pratt & Whitney also received certification for its next-generation GTF Advantage engine and began deliveries to Airbus. The upgraded engine is expected to double time-on-wing performance, with full production transition anticipated in 2028.

Raytheon Capacity Expansion Supports Long-Term DemandRTX continues investing aggressively to meet accelerating global defense demand.

Raytheon announced an additional $100 million investment to expand Patriot GEM-T production and LTAMDS radar testing capacity while also working with NATO partners to broaden the European supplier base for AMRAAM components. At the same time, Pratt & Whitney is investing more than $100 million to expand GTF maintenance capacity across multiple U.S. facilities.

Management also emphasized that the proposed U.S. defense budget and strong international demand continue to support long-term growth, with international awards exceeding $10 billion during the first half of the year.

Segment Performance Remains Broad-BasedCollins Aerospace generated $8.21 billion in revenues, up 8%, benefiting from strong commercial OE, aftermarket, and defense demand.

Pratt & Whitney reported $8.89 billion in revenues, rising 16% year over year as commercial aftermarket sales surged 25% and military sales increased 23%.

Raytheon delivered another standout quarter, with revenues climbing 18% year over year, driven by higher production of Patriot, Standard Missile, and AMRAAM systems. Operating margins expanded across all three business segments.

RTX Raises Full-Year OutlookReflecting strong first-half execution and sustained demand, RTX raised its 2026 financial guidance.

The company now expects:

Adjusted sales of $95.00 billion to $96.0 billion, up from $92.5-93.5 billion.Organic sales growth of 8-9% versus the previous 5-6%.Adjusted EPS of $7.10-$7.25 compared with the previous guidance of $6.70-$6.90.Free cash flow of $8.50-$8.75 billion, with the lower end of the range raised by $250 million.The company now expects:

Adjusted sales of $95.0 billion to $96.0 billion, up from $92.5-$93.5 billion.

Organic sales growth of 8-9% versus the previous 5-6%.

Adjusted EPS of $7.10-$7.25 compared with the prior guidance of $6.70-$6.90.

Free cash flow of $8.50-$8.75 billion, with the lower end of the range increased by $250 million.

The company now expects:

Adjusted sales of $95.0 billion to $96.0 billion, up from $92.5-$93.5 billion.

Organic sales growth of 8-9% versus the previous 5-6%.

Adjusted EPS of $7.10-$7.25 compared with the prior guidance of $6.70-$6.90.

Free cash flow of $8.50-$8.75 billion, with the lower end of the range increased by $250 million.

Management Sees Persistent Strong MomentumDuring the analyst Q&A, executives reiterated confidence that both commercial aerospace and defense markets remain supportive.

Management noted that supply-chain performance continues improving, defense demand remains exceptionally strong both domestically and internationally, and Raytheon's growing mix of mature international programs should continue supporting margin expansion. Executives also indicated that framework defense agreements currently under negotiation are not yet included in backlog, representing additional upside potential if finalized.

Zacks Rank & Key MetricsRTX currently carries a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The stock has a Value Score of D, Growth Score of B, Momentum Score of A, and an overall VGM Score of B.

RTX Corp. delivered robust Q2 results with 14% sales growth, 21% higher EPS, and a record $289 billion backlog. Management raised 2026 sales guidance to $95–$96 billion and EPS to $7.10–$7.25, driven by Raytheon's defense momentum and improving Pratt & Whitney operations. Raytheon's 2.42 book-to-bill ratio and surging international orders underscore multiyear rearmament tailwinds, while Pratt's GTF issues are receding with operational improvements.

23.7.2026 19:01

Index Dow Jones -0,92 % na 51739,82 b. S&P 500 -1,19 % na 7409,52 b. Nasdaq Composite -2,1 % na 25151,85 b.

Index Dow Jones odepisuje téměř procento pří výprodeji technologických společností. Mimo Alphabet klesá i Amazon (- 4,1 %) a Salesforce ( -3,5 %). Z indexu S&P 500 se mimo komunikační služby nedaří zbytné spotřebě, kde reportovala výsledky společnost Tesla (- 14 %).

Thermo Fisher Scientific (8,2 %) roste po kvartálním reportu. Mimo dobré čísla management uvedl, že společnost cítí oživení poptávky ve všech hlavních segmentech. Nejedná se přitom o pouhé doplňování zásob, ale i dodávání analytických přístrojů, jelikož divize Analytical Instruments vzrostla o 15 %. Tržby za minulý kvartál dosahují USD 11,99 mld. a společně se ziskem na akcii USD 6,03 překonávají očekávání trhu. Společnost rovněž navyšuje odhad celoročního zisku na akcii na horní hranu USD 25,33.

Smíšený pocit z kvartálních výsledků mají investoři Freeport-McMoRan (- 2,6 %). Společnost sice dosáhla na lepší ziskovost, než bylo očekávání a reportovala EPS ve výši USD 0,74. Meziroční nárůst prodejní ceny mědi dosáhl 40 %. Vyšší prodejní ceny tak kompenzují nižší objemy produkce, které u zlata dosahují 40 % a u mědi 18 %. Management snížil výhled prodeje v dalším kvartále kvůli pomalému obnovování těžby v indonéském dole, který by měl dosáhnout plnou kapacitu až v příštím roce.

Lockheed Martin (10 %) reportoval silné výsledky za uplynulý kvartál. Růst tržeb dosáhl 11 % na mld. 20,1 USD a zisk na akcii překonal na úrovni USD 7,94 očekávání. Management současně navýšil celoroční výhled a tržby posadil mezi USD 79,75 – 81,75 mld. při zisku na akcii 29,95 – 30,65. Nevyřízené zakázky dosahují historické maximum společnosti USD 230 mld.

Po včerejším uzavření trhu reportovala výsledky i společnost Texas Instruments (- 4,4 %). Růst tržeb meziročně dosáhl na 23 % a nad konsenzus se dostal i zisk na akcii ve výši USD 2,14. Management v dalším kvartálu očekává jeho další růst na USD 2,23 – 2,57. Provozní výsledky a výhled byl slušný, ale trh nadále vyrušuje výše capex investic, které omezuje volné cash flow.

Výsledky dále zveřejnila i IBM (- 0,5 %) a společnost Alphabet (- 6,6 %).

SK Hynix (4,9 %) stanovuje limit na celkový počet vydaných ADR, které se obchodují v USA na 2,5 % všech akcií společnosti.

Uber Technologies (- 2,15 %) propustil 10 % zaměstnanců v divizi Community Operations, která se stará o zákaznickou a řidičskou podporu. Společnost dříve propustila přibližně 23 % zaměstnanců HR. K zefektivnění provozu ji pomáhá umělá inteligence.

Blízký východ je nadále velmi turbulentní. Futures na ropu Brent jsou opět nad USD 100 při téměř 7 % růstu. WTI se obchoduje nad USD 92. Hútíové oznámili, že zaútočili na dva saúdské tankery v Rudém moři. Posilují ropné společnosti. Exxon připisuje 1,87 % a Chevron roste o 1,5 %.

Index S&P 500 -1,19 % na 7409,52 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Průmysl +1,8 % Zbytná spotřeba -4,9 % Energie +1 % Komunikační služby -4,8 % Zdravotní péče +0,8 % Nezbytná spotřeba -1,4 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Allegion (ALLE) +13 % Tesla (TSLA) -14 % United Rentals (URI) +12 % Rollins (ROL) -9,3 % Lockheed Martin Corp (LMT) +10 % Dover Corp (DOV) -7,7 % Thermo Fisher Scientific (TMO) +8,2 % Globe Life (GL) -7,7 % RTX Corp (RTX) +7,2 % T-Mobile US (TMUS) -6,8 %
Marek Kameništiak
Fio banka, a.s.
Prohlášení

RTX Corp (NYSE:RTX, XETRA:5UR) shares rose about 8% in early trading Thursday after the aerospace and defense company reported better-than-expected second quarter results and raised its full-year 2026 outlook.

The company reported adjusted earnings per share of $1.89 on revenue of $24.7 billion for the quarter, ahead of analyst expectations for adjusted EPS of $1.66 on revenue of $22.88 billion, according to consensus estimates.

Adjusted EPS increased 21% from the prior-year period, while sales rose 14% year over year and 16% organically.

Following the strong quarter, RTX raised its full-year 2026 adjusted earnings outlook to a range of $7.10 to $7.25 per share, up from its previous forecast of $6.70 to $6.90 per share.

The company also increased its adjusted sales guidance to $95 billion to $96 billion, compared with its prior outlook of $92.5 billion to $93.5 billion, and raised its organic sales growth forecast to 8% to 9% from 5% to 6%.

The company now expects full-year free cash flow of $8.50 billion to $8.75 billion, compared with its previous guidance of $8.25 billion to $8.75 billion.

RTX reported second quarter operating cash flow of $3.5 billion and free cash flow of $2.9 billion.

The company’s backlog reached $289 billion at the end of the quarter, including $170 billion in commercial orders and $119 billion in defense.

“RTX delivered very strong second quarter results with 16% organic sales growth, including double-digit commercial aftermarket and defense growth, margin expansion across all three segments, and $2.9 billion of free cash flow,” RTX CEO Chris Calio said in a statement.

“Demand remains robust, and our backlog is up 22% year over year.”

Calio added that the company was raising its full-year outlook based on its first-half performance and backlog, highlighting its focus on executing its order book, expanding capacity and introducing new technologies.

The company also announced an agreement to sell Raytheon’s Blue Canyon Technologies business for $620 million.

RTX Corp (RTX) released its 8-K filing on July 23, 2026, showcasing robust growth in its second-quarter earnings. The aerospace and defense manufacturer, formed

In this article

RTX

SPX

DJIA

Coming into Thursday trading, RTX stock was up 6% year to date, but down 4% since fighting started in Iran. (Luke Sharrett/Getty Images)

Amid war and rising oil prices, RTX delivered the kind of quarters investors craved: A beat-and-raise. That’s providing some relief, but the company’s customers still need more jet engines.

23.7.2026 15:49, IBM, GOOG, TSLA, NOW, GOOGL, BAAGOOGL, RTX

Index Dow Jones -0,69 % na 51857,39 b., S&P 500 -0,76 % na 7441,85 b., Nasdaq Composite -1,49 % na 25308,58 b.

Index S&P 500 na začátku obchodování oslabuje, když obavy z neustále rostoucích výdajů na umělou inteligenci převážily nad jinak silnými hospodářskými výsledky společnosti Alphabet.

Technologická konglomerát Alphabet (-6,3 %) zveřejnil výsledky hospodaření za druhý kvartál roku 2026. Trhy zaujaly především výsledky Google Cloud, jehož výnosy meziročně vzrostly o 82 %. Nicméně rostoucí poptávka po cloudových službách a umělé inteligenci má za následek růst kapitálových výdajů, které jsou v tomto roce projektovány v rozmezí 195-205 mld. USD. Volné hotovostní toky poprvé v historii dosáhly záporných hodnot, a to 5,9 mld. USD.

Akcie Tesla padají o 11 %. Výrobce elektromobilů zveřejnil hospodářské výsledky za druhé čtvrtletí roku 2026, ve kterém zisk na akcii zaostal za průměrným odhadem analytiků, zatímco tržby odhady překonaly. Analytici zároveň upozorňují, že může trvat déle, než se výdaje do segmentu fyzické AI (robotika, autonomní vozidla) promítnou do výnosů a zisků firmy.

Výsledky zveřejnily rovněž například IT společnost IBM (-1,9 %), softwarová společnost ServiceNow (+0,1 %) či letecký a obranný koncern RTX (+7,9 %).

Index S&P 500 -0,76 % na 7441,85 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Průmysl +2 % Komunikační služby -4,3 % Energie +1,7 % Zbytná spotřeba -3,6 % Zdravotní péče +0,8 % Nezbytná spotřeba -0,9 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna United Rentals (URI) +12 % Rollins (ROL) -13 % Lockheed Martin Corp (LMT) +10,0 % Tesla (TSLA) -11 % Thermo Fisher Scientific (TMO) +10,0 % T-Mobile US (TMUS) -7,5 % Quest Diagnostics (DGX) +9,6 % Dover Corp (DOV) -6,7 % Allegion (ALLE) +8,1 % Alphabet (GOOG) -6,0 % Zdroj: Bloomberg

Michal Šnobl
Fio banka, a.s.
Prohlášení

RTX delivers double-digit sales and earnings growth in Q2;
Raises 2026 outlook for adjusted sales*, adjusted EPS*, and free cash flow*

, /PRNewswire/ -- RTX (NYSE: RTX) reports second quarter 2026 results.

Second quarter 2026

Sales of $24.7 billion, up 14 percent versus prior year, and up 16 percent organically* GAAP EPS of $1.57, including $0.27 of acquisition accounting adjustments and $0.05 of restructuring and other net significant and/or non-recurring items Adjusted EPS* of $1.89, up 21 percent versus prior year Operating cash flow of $3.5 billion; free cash flow* of $2.9 billion Company backlog of $289 billion, including $170 billion of commercial and $119 billion of defense Reached an agreement to sell Raytheon's Blue Canyon Technologies business for $620 million Updates outlook for full year 2026

Adjusted sales* of $95.0 - $96.0 billion, up from $92.5 - $93.5 billion Organic sales growth* of 8 to 9 percent, up from 5 to 6 percent Adjusted EPS* of $7.10 - $7.25, up from $6.70 - $6.90 Free cash flow* of $8.50 - $8.75 billion, up from $8.25 - $8.75 billion "RTX delivered very strong second quarter results with 16 percent organic sales growth,* including double-digit commercial aftermarket and defense growth, margin expansion across all three segments, and $2.9 billion of free cash flow.* Demand remains robust, and our backlog is up 22 percent year over year," said RTX Chairman and CEO Chris Calio.

"Given our first half performance and current backlog, we are raising our full year outlook for adjusted sales,* adjusted EPS,* and free cash flow.* RTX is exceptionally well positioned to drive continued growth as we execute on our backlog, increase productivity, expand capacity, and introduce new technologies to our customers."

Second quarter 2026

RTX second quarter reported and adjusted sales* were $24.7 billion, up 14 percent over the prior year and 16 percent organically.* GAAP EPS of $1.57 included $0.27 of acquisition accounting adjustments and $0.05 of restructuring and other net significant and/or non-recurring items. Adjusted EPS* of $1.89 was up 21 percent versus the prior year.

The company reported net income attributable to common shareowners in the second quarter of $2.1 billion which included $0.4 billion of acquisition accounting adjustments and $0.1 billion of restructuring and other net significant and/or non-recurring items. Adjusted net income* of $2.6 billion was up 22 percent versus the prior year driven by adjusted segment operating profit growth* across all three segments. Operating cash flow in the second quarter was $3.5 billion and capital expenditures were $0.7 billion, resulting in free cash flow* of $2.9 billion.

Summary Financial Results

2nd Quarter

($ in millions, except EPS)

2026

2025

% Change

Reported

Sales

$   24,708

$   21,581

14 %

Net Income

$     2,139

$     1,657

29 %

EPS

$       1.57

$       1.22

29 %

Adjusted*

Sales

$   24,708

$   21,581

14 %

Net Income

$     2,579

$     2,118

22 %

EPS

$       1.89

$       1.56

21 %

Operating Cash Flow

$     3,547

$       458

674 %

Free Cash Flow*

$     2,878

$        (72)

NM

NM = Not Meaningful 

Segment Results 

Collins Aerospace

2nd Quarter

($ in millions)

2026

2025

% Change

Reported

Sales

$  8,210

$  7,622

8 %

Operating Profit

$  1,306

$  1,173

11 %

ROS

15.9 %

15.4 %

50

bps

Adjusted*

Sales

$  8,210

$  7,622

8 %

Operating Profit

$  1,370

$  1,249

10 %

ROS

16.7 %

16.4 %

30

bps

Collins Aerospace second quarter 2026 reported and adjusted sales* of $8,210 million were up 8 percent versus the prior year. Excluding the impact of divestitures, sales increased 13 percent organically* driven by a 26 percent increase in commercial OE, a 10 percent increase in commercial aftermarket, and a 7 percent increase in defense. The increase in commercial OE sales was driven by higher volume on narrowbody and widebody platforms, and the increase in commercial aftermarket sales was primarily driven by growth in parts and repair and modifications and upgrades. The increase in defense sales was driven by higher volume across multiple programs.

Collins Aerospace reported operating profit of $1,306 million was up 11 percent versus the prior year. Adjusted operating profit* of $1,370 million was up 10 percent versus the prior year. The growth was driven by drop through on higher commercial and defense volume, which was partially offset by defense mix, higher SG&A expense, and the impact of divestitures completed in 2025. Reported operating profit in Q2 2026 included higher restructuring charges associated with cost transformation initiatives.

Pratt & Whitney

2nd Quarter

($ in millions)

2026

2025

% Change

Reported

Sales

$  8,889

$  7,631

16 %

Operating Profit

$     738

$     492

50 %

ROS

8.3 %

6.4 %

190

bps

Adjusted*

Sales

$  8,889

$  7,631

16 %

Operating Profit

$     740

$     608

22 %

ROS

8.3 %

8.0 %

30

bps

Pratt & Whitney second quarter reported and adjusted sales* of $8,889 million were up 16 percent versus the prior year. The sales growth was driven by a 25 percent increase in commercial aftermarket and a 23 percent increase in military, partially offset by an 8 percent decrease in commercial OE. The increase in commercial aftermarket was driven by higher volume, while the increase in military sales was driven by higher F135 volume, including the benefit of prior year contract award timing. The decrease in commercial OE sales was driven by large commercial engine mix which more than offset increased large commercial engine deliveries. 

Pratt & Whitney reported operating profit of $738 million was up 50 percent versus the prior year. Q2 2025 reported profit included an approximately $100 million charge related to a customer bankruptcy. Adjusted operating profit* of $740 million was up 22 percent versus the prior year. The increase was driven by drop through on higher commercial aftermarket and military volume, as well as military mix. This growth was partially offset by increased large commercial engine deliveries, large commercial engine mix, and higher SG&A expense.

Raytheon

2nd Quarter

($ in millions)

2026

2025

% Change

Reported

Sales

$  8,269

$  7,001

18 %

Operating Profit

$  1,042

$     805

29 %

ROS

12.6 %

11.5 %

110

bps

Adjusted*

Sales

$  8,269

$  7,001

18 %

Operating Profit

$  1,043

$     809

29 %

ROS

12.6 %

11.6 %

100

bps

Raytheon second quarter reported and adjusted sales* of $8,269 million were up 18 percent versus the prior year. This increase was driven by higher volume on land and air defense systems, naval programs, and air and space defense systems, including Patriot, Standard Missile, and AMRAAM. 

Raytheon reported operating profit of $1,042 million was up 29 percent versus the prior year. Adjusted operating profit* of $1,043 million was up 29 percent versus the prior year. The increase was driven by higher volume, favorable mix, including Patriot programs, and improved net productivity.

*Adjusted net sales (also referred to as adjusted sales), organic sales, adjusted operating profit (loss) and margin percentage (ROS), segment operating profit (loss) and margin percentage (ROS), adjusted segment sales, adjusted segment operating profit (loss) and margin percentage (ROS), adjusted net income, adjusted earnings per share ("EPS"), adjusted effective tax rate, and free cash flow are non-GAAP financial measures. When we provide our expectation for adjusted net sales (also referred to as adjusted sales), adjusted EPS and free cash flow on a forward-looking basis, a reconciliation of these non-GAAP financial measures to the corresponding GAAP measures (expected diluted EPS and expected cash flow from operations) is not available without unreasonable effort due to potentially high variability, complexity, and low visibility as to the items that would be excluded from the GAAP measure in the relevant future period, such as unusual gains and losses, the ultimate outcome of pending litigation, fluctuations in foreign currency exchange rates, the impact and timing of potential acquisitions and divestitures, and other structural changes or their probable significance. The variability of the excluded items may have a significant, and potentially unpredictable, impact on our future GAAP results. See "Use and Definitions of Non-GAAP Financial Measures" below for information regarding non-GAAP financial measures.

About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.

Conference Call on the Second Quarter 2026 Financial Results
RTX's financial results conference call will be held on Thursday, July 23, 2026 at 7:30 a.m. ET. The conference call will be webcast live on the company's website at www.rtx.com and will be available for replay following the call. The corresponding presentation slides will be available for downloading prior to the call.

Use and Definitions of Non-GAAP Financial Measures
RTX Corporation ("RTX" or "the Company") reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). We supplement the reporting of our financial information determined under GAAP with certain non-GAAP financial information. The non-GAAP information presented provides investors with additional useful information but should not be considered in isolation or as substitutes for the related GAAP measures. We believe that these non-GAAP measures provide investors with additional insight into the Company's ongoing business performance. Other companies may define non-GAAP measures differently, which limits the usefulness of these measures for comparisons with such other companies. We encourage investors to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. A reconciliation of the non-GAAP measures to the corresponding amounts prepared in accordance with GAAP appears in the tables in this Appendix. Certain non-GAAP financial adjustments are also described in this Appendix. Below are our non-GAAP financial measures:

Non-GAAP measure

Definition

Adjusted net sales / Adjusted sales

Represents consolidated net sales (a GAAP measure), excluding net significant and/or non-recurring items1 (hereinafter referred to as "net significant and/or non-recurring items").

Organic sales

Organic sales represents the change in consolidated net sales (a GAAP measure), excluding the impact of foreign currency translation, acquisitions and divestitures completed in the preceding twelve months and net significant and/or non-recurring items.

Adjusted operating profit (loss) and margin percentage (ROS)

Adjusted operating profit (loss) represents operating profit (loss) (a GAAP measure), excluding restructuring costs, acquisition accounting adjustments2, and net significant and/or non-recurring items. Adjusted operating profit margin percentage represents adjusted operating profit (loss) as a percentage of adjusted net sales.

Segment operating profit (loss) and margin percentage (ROS)

Segment operating profit (loss) represents operating profit (loss) (a GAAP measure) excluding acquisition accounting adjustments2, the FAS/CAS operating adjustment3, Corporate expenses and other unallocated items, and Eliminations and other. Segment operating profit margin percentage represents segment operating profit (loss) as a percentage of segment sales (net sales, excluding Eliminations and other).

Adjusted segment sales

Represents consolidated net sales (a GAAP measure) excluding eliminations and other and net significant and/or non-recurring items.

Adjusted segment operating profit (loss) and margin percentage (ROS)

Adjusted segment operating profit (loss) represents segment operating profit (loss) excluding restructuring costs, and net significant and/or non-recurring items. Adjusted segment operating profit margin percentage represents adjusted segment operating profit (loss) as a percentage of adjusted segment sales (adjusted net sales excluding Eliminations and other).

Adjusted net income

Adjusted net income represents net income (a GAAP measure), excluding restructuring costs, acquisition accounting adjustments2, and net significant and/or non-recurring items.

Adjusted earnings per share (EPS)

Adjusted EPS represents diluted earnings per share (a GAAP measure), excluding restructuring costs, acquisition accounting adjustments2, and net significant and/or non-recurring items.

Adjusted effective tax rate

Adjusted effective tax rate represents the effective tax rate (a GAAP measure), excluding the tax impact of restructuring costs, acquisition accounting adjustments2, and net significant and/or non-recurring items.

Free cash flow

Free cash flow represents cash flow from operating activities (a GAAP measure) less capital expenditures. Management believes free cash flow is a useful measure of liquidity and an additional basis for assessing RTX's ability to fund its activities, including the financing of acquisitions, debt service, repurchases of RTX's common stock, and distribution of earnings to shareowners.

1 Net significant and/or non-recurring items represent significant nonoperational items and/or significant operational items that may occur at irregular intervals.

2 Acquisition accounting adjustments include the amortization of acquired intangible assets related to acquisitions, the amortization of the property, plant and equipment fair value adjustment acquired through acquisitions, the amortization of customer contractual obligations related to loss making or below market contracts acquired, and goodwill impairment, if applicable.

3 The FAS/CAS operating adjustment represents the difference between the service cost component of our pension and postretirement benefit (PRB) expense under the Financial Accounting Standards (FAS) requirements of GAAP and our pension and PRB expense under U.S. government Cost Accounting Standards (CAS) primarily related to our Raytheon segment.

When we provide our expectation for adjusted net sales (also referred to as adjusted sales), organic sales, adjusted operating profit (loss) and margin percentage (ROS), adjusted segment operating profit (loss) and margin percentage (ROS), adjusted EPS, adjusted effective tax rate, and free cash flow, on a forward-looking basis, a reconciliation of the differences between the non-GAAP expectations and the corresponding GAAP measures, as described above, generally are not available without unreasonable effort due to potentially high variability, complexity, and low visibility as to the items that would be excluded from the GAAP measure in the relevant future period, such as unusual gains and losses, the ultimate outcome of pending litigation, fluctuations in foreign currency exchange rates, the impact and timing of potential acquisitions and divestitures, and other structural changes or their probable significance. The variability of the excluded items may have a significant, and potentially unpredictable, impact on our future GAAP results.

Cautionary Statement Regarding Forward-Looking Statements This press release contains statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities laws. These forward-looking statements are intended to provide RTX Corporation ("RTX") management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid and are not statements of historical fact. Forward-looking statements can be identified by the use of words such as "believe," "expect," "expectations," "plans," "strategy," "prospects," "estimate," "project," "target," "anticipate," "will," "should," "see," "guidance," "outlook," "goals," "objectives," "confident," "on track," "designed to," "commit," "commitment" and other words of similar meaning. Forward-looking statements may include, among other things, statements relating to future sales, earnings, cash flow, results of operations, uses of cash, share repurchases, tax payments and rates, research and development spending, cost savings, other measures of financial performance, potential future plans, strategies or transactions, credit ratings and net indebtedness, the Pratt powder metal matter and related matters and activities, including without limitation other engine models that may be impacted, targets and commitments (including for share repurchases or otherwise), and other statements which are not solely historical facts. All forward-looking statements involve risks, uncertainties, changes in circumstances and other factors that are hard to predict, and each of which may cause actual results to differ materially from those expressed or implied in the forward-looking statements. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the U.S. Private Securities Litigation Reform Act of 1995, as amended. Such risks, uncertainties and other factors include, without limitation: (1) changes in economic, capital market, and political conditions in the U.S. and globally; (2) changes in U.S. or foreign government defense spending, national priorities, and policy positions; (3) our performance on our contracts and programs, including our ability to control costs, and our dependence on U.S. government approvals for certain international contracts; (4) challenges in the development, certification, production, delivery, support, and performance of RTX's advanced technologies and new products and services and the realization of anticipated benefits; (5) challenges of operating in RTX's highly-competitive industries both domestically and abroad; (6) our reliance on U.S. and non-U.S. suppliers and commodity markets, including cost increases and disruptions in the delivery of materials and services to RTX or our suppliers; (7) changes in trade policies, implementation of sanctions, imposition of tariffs (and counter-tariffs), and other trade measures and restrictions, foreign currency fluctuations, and sales methods; (8) the economic condition of the aerospace industry; (9) the ability of RTX to attract, train, qualify, and retain qualified personnel and maintain its culture and high ethical standards, and the ability of our personnel to continue to operate our facilities and businesses around the world; (10) the scope, nature, timing, and challenges of managing and completing acquisitions, investments, divestitures, and other transactions; (11) compliance with legal, environmental, regulatory, and other requirements in the U.S. and other countries in which RTX and its businesses operate; (12) pending, threatened, and future legal proceedings, investigations, audits, and other contingencies; (13) the previously-disclosed deferred prosecution agreements entered into between the Company and the Department of Justice (DOJ), the Securities and Exchange Commission (SEC) administrative order imposed on the Company, and the related investigations by the SEC and DOJ, and the consent agreement between the Company and the Department of State; (14) RTX's ability to engage in desirable capital-raising or strategic transactions; (15) repurchases by RTX of its common stock, or declarations of cash dividends, which may be discontinued, accelerated, suspended, or delayed at any time due to various factors; (16) realizing expected benefits from, incurring costs for, and successfully managing strategic initiatives such as cost reduction, restructuring, digital transformation, and other operational initiatives; (17) additional tax exposures due to new tax legislation or other developments in the U.S. and other countries in which RTX and its businesses operate; (18) the identified rare condition in powder metal used to manufacture certain Pratt & Whitney engine parts requiring accelerated removals and inspections of a significant portion of the PW1100G-JM Geared Turbofan (GTF) fleet; (19) changes in production volumes of one or more of our significant customers as a result of business, labor, or other challenges, and the resulting effect on its or their demand for our products and services; (20) an RTX product safety failure, quality issue, or other failure affecting RTX's or its customers' or suppliers' products or systems; (21) cybersecurity, including cyber-attacks on RTX's information technology infrastructure, products, suppliers, customers and partners, and cybersecurity-related regulations; (22) insufficient indemnity or insurance coverage; (23) our intellectual property and certain third-party intellectual property; (24) threats to RTX facilities and personnel, or those of its suppliers or customers, as well as public health crises, damaging weather, acts of nature, or other similar events outside of RTX's control that may affect RTX or its suppliers or customers; (25) changes in accounting estimates for our programs on our financial results; (26) changes in pension and other postretirement plan estimates and assumptions and contributions; (27) an impairment of goodwill and other intangible assets; and (28) climate change and climate-related regulations, and any related customer and market demands, products and technologies. For additional information on identifying factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements, see the reports of RTX filed with or furnished to the Securities and Exchange Commission from time to time, including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made, and RTX assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

RTX Corporation

Condensed Consolidated Statement of Operations

Quarter Ended June 30,

Six Months Ended June 30,

(Unaudited)

(Unaudited)

(dollars in millions, except per share amounts; shares in millions)

2026

2025

2026

2025

Net Sales

$   24,708

$   21,581

$   46,784

$   41,887

Costs and expenses:

Cost of sales

19,575

17,205

37,057

33,395

Research and development

726

697

1,353

1,334

Selling, general, and administrative

1,658

1,573

3,134

3,021

Total costs and expenses

21,959

19,475

41,544

37,750

Other income, net

62

40

126

44

Operating profit

2,811

2,146

5,366

4,181

Non-service pension income

(348)

(351)

(703)

(717)

Interest expense, net

417

457

807

900

Income before income taxes

2,742

2,040

5,262

3,998

Income tax expense

493

315

856

648

Net income

2,249

1,725

4,406

3,350

Less: Noncontrolling interest in subsidiaries' earnings

110

68

208

158

Net income attributable to common shareowners

$     2,139

$     1,657

$     4,198

$     3,192

Earnings Per Share attributable to common shareowners:

Basic

$      1.58

$      1.24

$      3.11

$      2.38

Diluted

$      1.57

$      1.22

$      3.08

$      2.36

Weighted Average Shares Outstanding:

Basic shares

1,350.7

1,340.6

1,349.2

1,338.8

Diluted shares

1,365.0

1,354.0

1,364.7

1,352.9

RTX Corporation

Segment Net Sales and Operating Profit (Loss)

Quarter Ended

Six Months Ended

(Unaudited)

(Unaudited)

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2025

(dollars in millions)

Reported

Adjusted

Reported

Adjusted

Reported

Adjusted

Reported

Adjusted

Net Sales

Collins Aerospace

$ 8,210

$ 8,210

$ 7,622

$ 7,622

$          15,812

$          15,812

$          14,839

$          14,839

Pratt & Whitney

8,889

8,889

7,631

7,631

17,062

17,062

14,997

14,997

Raytheon

8,269

8,269

7,001

7,001

15,214

15,214

13,341

13,341

Total segments

25,368

25,368

22,254

22,254

48,088

48,088

43,177

43,177

Eliminations and other

(660)

(660)

(673)

(673)

(1,304)

(1,304)

(1,290)

(1,290)

Consolidated

$          24,708

$          24,708

$          21,581

$          21,581

$          46,784

$          46,784

$          41,887

$          41,887

Operating Profit (Loss)

Collins Aerospace

$ 1,306

$ 1,370

$ 1,173

$ 1,249

$ 2,613

$ 2,668

$ 2,261

$ 2,476

Pratt & Whitney

738

740

492

608

1,448

1,451

1,072

1,198

Raytheon

1,042

1,043

805

809

1,883

1,888

1,483

1,487

Total segments

3,086

3,153

2,470

2,666

5,944

6,007

4,816

5,161

Eliminations and other

98

28

24

(17)

136

66

36

(5)

Corporate expenses and other unallocated items

(70)

7

(47)

(42)

(112)

(34)

(85)

(71)

FAS/CAS operating adjustment

171

171

186

186

343

343

371

371

Acquisition accounting adjustments

(474)

—

(487)

—

(945)

—

(957)

—

Consolidated

$ 2,811

$ 3,359

$ 2,146

$ 2,793

$ 5,366

$ 6,382

$ 4,181

$ 5,456

Segment Operating Profit Margin

Collins Aerospace

15.9 %

16.7 %

15.4 %

16.4 %

16.5 %

16.9 %

15.2 %

16.7 %

Pratt & Whitney

8.3 %

8.3 %

6.4 %

8.0 %

8.5 %

8.5 %

7.1 %

8.0 %

Raytheon

12.6 %

12.6 %

11.5 %

11.6 %

12.4 %

12.4 %

11.1 %

11.1 %

Total segment

12.2 %

12.4 %

11.1 %

12.0 %

12.4 %

12.5 %

11.2 %

12.0 %

RTX Corporation

Condensed Consolidated Balance Sheet

June 30, 2026

December 31, 2025

(dollars in millions)

(Unaudited)

(Unaudited)

Assets

Cash and cash equivalents

$           8,305

$           7,435

Accounts receivable, net

13,942

14,701

Contract assets, net

18,980

17,092

Inventory, net

14,409

13,364

Other assets, current

8,276

7,740

Total current assets

63,912

60,332

Customer financing assets

1,902

2,132

Fixed assets, net

16,965

16,868

Operating lease right-of-use assets

1,727

1,887

Goodwill

52,928

53,343

Intangible assets, net

31,043

31,845

Other assets

5,495

4,672

Total assets

$        173,972

$        171,079

Liabilities, Redeemable Noncontrolling Interest, and Equity

Short-term borrowings

$             229

$             204

Accounts payable

16,998

15,895

Accrued employee compensation

2,356

3,308

Other accrued liabilities

15,695

14,350

Contract liabilities

22,671

21,615

Long-term debt currently due

5,296

3,412

Total current liabilities

63,245

58,784

Long-term debt

31,858

34,288

Operating lease liabilities, non-current

1,473

1,602

Future pension and postretirement benefit obligations

1,956

2,067

Other long-term liabilities

7,296

7,200

Total liabilities

105,828

103,941

Redeemable noncontrolling interest

28

36

Shareowners' Equity:

Common stock

38,424

38,126

Treasury stock

(26,758)

(26,881)

Retained earnings

58,020

56,718

Accumulated other comprehensive loss

(3,309)

(2,718)

Total shareowners' equity

66,377

65,245

Noncontrolling interest

1,739

1,857

Total equity

68,116

67,102

Total liabilities, redeemable noncontrolling interest, and equity

$        173,972

$        171,079

RTX Corporation

Condensed Consolidated Statement of Cash Flows

Quarter Ended June 30,

Six Months Ended June 30,

(Unaudited)

(Unaudited)

(dollars in millions)

2026

2025

2026

2025

Operating Activities:

Net income

$     2,249

$     1,725

$     4,406

$     3,350

Adjustments to reconcile net income to net cash flows provided by operating activities from:

Depreciation and amortization

1,079

1,076

2,150

2,128

Deferred income tax (benefit) provision

(56)

54

(30)

121

Stock compensation cost

164

113

296

224

Net periodic pension and other postretirement income

(303)

(312)

(616)

(636)

Share-based 401(k) matching contributions

147

140

339

307

Change in:

Accounts receivable

(729)

(765)

1,094

(1,137)

Contract assets

(963)

(484)

(1,942)

(1,190)

Inventory

(330)

(384)

(1,143)

(1,197)

Other current assets

47

25

(422)

(100)

Accounts payable and accrued liabilities

2,102

(538)

947

(141)

Contract liabilities

198

(30)

292

343

Other operating activities, net

(58)

(162)

31

(309)

Net cash flows provided by operating activities

3,547

458

5,402

1,763

Investing Activities:

Capital expenditures

(669)

(530)

(1,215)

(1,043)

Increase in other intangible assets

(58)

(122)

(156)

(226)

(Payments) receipts from settlements of derivative contracts, net

(71)

192

1

145

Other investing activities, net

(146)

(49)

(182)

(63)

Net cash flows used in investing activities

(944)

(509)

(1,552)

(1,187)

Financing Activities:

Repayment of long-term debt

(24)

(780)

(524)

(789)

Change in commercial paper, net

—

1,432

—

1,432

Dividends paid

(983)

(910)

(1,898)

(1,750)

Repurchase of common stock

—

—

—

(50)

Other financing activities, net

(62)

(95)

(487)

(252)

Net cash flows used in financing activities

(1,069)

(353)

(2,909)

(1,409)

Effect of foreign exchange rate changes on cash and cash equivalents

(13)

38

(19)

54

Net increase (decrease) in cash, cash equivalents, and restricted cash

1,521

(366)

922

(779)

Cash, cash equivalents and restricted cash, beginning of period

6,871

5,193

7,470

5,606

Cash, cash equivalents and restricted cash, end of period

8,392

4,827

8,392

4,827

Less: Restricted cash, included in Other assets, current and Other assets

87

45

87

45

Cash and cash equivalents, end of period

$     8,305

$     4,782

$     8,305

$     4,782

RTX Corporation

Reconciliation of Adjusted (Non-GAAP) Results

Adjusted Sales, Adjusted Operating Profit (Loss) & Operating Profit (Loss) Margin

Quarter Ended June 30,

Six Months Ended June 30,

(Unaudited)

(Unaudited)

(dollars in millions - Income (Expense))

2026

2025

2026

2025

Collins Aerospace

Net sales

$    8,210

$    7,622

$  15,812

$  14,839

Operating profit

$    1,306

$    1,173

$    2,613

$    2,261

Restructuring

(64)

(39)

(55)

(152)

Segment and portfolio transformation and divestiture costs (1)

—

(37)

—

(63)

Adjusted operating profit

$    1,370

$    1,249

$    2,668

$    2,476

Adjusted operating profit margin

16.7 %

16.4 %

16.9 %

16.7 %

Pratt & Whitney

Net sales

$    8,889

$    7,631

$  17,062

$  14,997

Operating profit

$       738

$       492

$    1,448

$    1,072

Restructuring

(2)

(8)

(3)

(18)

Customer bankruptcy (1)

—

(108)

—

(108)

Adjusted operating profit

$       740

$       608

$    1,451

$    1,198

Adjusted operating profit margin

8.3 %

8.0 %

8.5 %

8.0 %

Raytheon

Net sales

$    8,269

$    7,001

$  15,214

$  13,341

Operating profit

$    1,042

$       805

$    1,883

$    1,483

Restructuring

(1)

(4)

(5)

(4)

Adjusted operating profit

$    1,043

$       809

$    1,888

$    1,487

Adjusted operating profit margin

12.6 %

11.6 %

12.4 %

11.1 %

Eliminations and Other

Net sales

$      (660)

$      (673)

$   (1,304)

$   (1,290)

Operating profit

$         98

$         24

$       136

$         36

Gain on investment (1)

70

41

70

41

Adjusted operating profit (loss)

$         28

$        (17)

$         66

$          (5)

Corporate expenses and other unallocated items

Operating loss

$        (70)

$        (47)

$      (112)

$        (85)

Restructuring

(8)

—

(9)

(9)

Tax audit settlements and closures (1)

—

(5)

—

(5)

Litigation matter (1)

(69)

—

(69)

—

Adjusted operating profit (loss)

$           7

$        (42)

$        (34)

$        (71)

FAS/CAS Operating Adjustment

Operating profit

$       171

$       186

$       343

$       371

Acquisition Accounting Adjustments

Operating loss

$      (474)

$      (487)

$      (945)

$      (957)

Acquisition accounting adjustments

(474)

(487)

(945)

(957)

Adjusted operating loss

$         —

$         —

$         —

$         —

RTX Consolidated

Net sales

$  24,708

$  21,581

$  46,784

$  41,887

Operating profit

$    2,811

$    2,146

$    5,366

$    4,181

Restructuring

(75)

(51)

(72)

(183)

Acquisition accounting adjustments

(474)

(487)

(945)

(957)

Total net significant and/or non-recurring items included in Operating profit above (1)

1

(109)

1

(135)

Adjusted operating profit

$    3,359

$    2,793

$    6,382

$    5,456

(1)  Refer to "Non-GAAP Financial Adjustments" below for a description of these adjustments.

RTX Corporation

Reconciliation of Adjusted (Non-GAAP) Results

Adjusted Income, Earnings Per Share, and Effective Tax Rate

Quarter Ended
June 30,

Six Months Ended
June 30,

(Unaudited)

(Unaudited)

(dollars in millions - Income (Expense))

2026

2025

2026

2025

Net income attributable to common shareowners

$  2,139

$  1,657

$  4,198

$  3,192

Total Restructuring

(75)

(51)

(72)

(183)

Total Acquisition accounting adjustments

(474)

(487)

(945)

(957)

Total net significant and/or non-recurring items included in Operating profit (1)

1

(109)

1

(135)

Significant and/or non-recurring items included in Non-service Pension Income

Non-service pension restructuring

(2)

—

(4)

—

Significant non-recurring and non-operational items included in Interest Expense, Net

Tax audit settlements and closures (1)

—

11

—

54

International tax matter (1)

—

—

—

(35)

Tax effect of restructuring and net significant and/or non-recurring items above

110

142

214

280

Significant and/or non-recurring items included in Income Tax Expense

Tax audit settlements and closures (1)

—

33

—

59

Less: Impact on net income attributable to common shareowners

(440)

(461)

(806)

(917)

Adjusted net income attributable to common shareowners

$  2,579

$  2,118

$  5,004

$  4,109

Diluted Earnings Per Share

$   1.57

$   1.22

$   3.08

$   2.36

Impact on Diluted Earnings Per Share

(0.32)

(0.34)

(0.59)

(0.68)

Adjusted Diluted Earnings Per Share

$   1.89

$   1.56

$   3.67

$   3.04

Effective Tax Rate

18.0 %

15.4 %

16.3 %

16.2 %

Impact on Effective Tax Rate

(0.3) %

(2.9) %

(0.7) %

(2.6) %

Adjusted Effective Tax Rate

18.3 %

18.3 %

17.0 %

18.8 %

(1)  Refer to "Non-GAAP Financial Adjustments" below for a description of these adjustments.

RTX Corporation

Reconciliation of Adjusted (Non-GAAP) Results

Segment Operating Profit Margin and Adjusted Segment Operating Profit Margin

Quarter Ended June 30,

Six Months Ended June 30,

(Unaudited)

(Unaudited)

(dollars in millions)

2026

2025

2026

2025

Net Sales

$  24,708

$  21,581

$  46,784

$  41,887

Reconciliation to segment net sales:

Eliminations and other

660

673

1,304

1,290

Segment Net Sales

$  25,368

$  22,254

$  48,088

$  43,177

Operating Profit

$   2,811

$   2,146

$   5,366

$   4,181

Operating Profit Margin

11.4 %

9.9 %

11.5 %

10.0 %

Reconciliation to segment operating profit:

Eliminations and other

(98)

(24)

(136)

(36)

Corporate expenses and other unallocated items

70

47

112

85

FAS/CAS operating adjustment

(171)

(186)

(343)

(371)

Acquisition accounting adjustments

474

487

945

957

Segment Operating Profit

$   3,086

$   2,470

$   5,944

$   4,816

Segment Operating Profit Margin

12.2 %

11.1 %

12.4 %

11.2 %

Reconciliation to adjusted segment operating profit:

Restructuring

(67)

(51)

(63)

(174)

Net significant and/or non-recurring items (1)

—

(145)

—

(171)

Adjusted Segment Operating Profit

$   3,153

$   2,666

$   6,007

$   5,161

Adjusted Segment Operating Profit Margin

12.4 %

12.0 %

12.5 %

12.0 %

(1)  Refer to "Non-GAAP Financial Adjustments" below for a description of these adjustments.

RTX Corporation

Free Cash Flow Reconciliation

Quarter Ended June 30,

(Unaudited)

(dollars in millions)

2026

2025

Net cash flows provided by operating activities

$         3,547

$           458

Capital expenditures

(669)

(530)

Free cash flow

$         2,878

$           (72)

Six Months Ended June 30,

(Unaudited)

(dollars in millions)

2026

2025

Net cash flows provided by operating activities

$         5,402

$         1,763

Capital expenditures

(1,215)

(1,043)

Free cash flow

$         4,187

$           720

RTX Corporation

Reconciliation of Adjusted (Non-GAAP) Results

Organic Sales Reconciliation

Quarter ended June 30, 2026 compared to the Quarter Ended June 30, 2025

(Unaudited)

(dollars in millions)

Total Reported
Change

Acquisitions &
Divestitures
Change

FX / Other
Change (2)

Organic Change

Prior Year
Adjusted Sales (1)

Organic Change
as a % of
Adjusted Sales

Collins Aerospace

$           588

$          (404)

$            11

$           981

$         7,622

13 %

Pratt & Whitney

1,258

—

(16)

1,274

7,631

17 %

Raytheon

1,268

—

12

1,256

7,001

18 %

Eliminations and Other (3)

13

13

—

—

(673)

— %

Consolidated

$         3,127

$          (391)

$              7

$         3,511

$       21,581

16 %

(1)

For the full Non-GAAP reconciliation of adjusted sales refer to "Reconciliation of Adjusted (Non-GAAP) Results - Adjusted Sales, Adjusted Operating Profit & Operating Profit Margin."

(2)

Includes other significant non-operational items and/or significant operational items that may occur at irregular intervals.

(3)

FX/Other Change includes the transactional impact of foreign exchange hedging at Pratt & Whitney Canada, which is included in Pratt & Whitney's FX/Other Change, but excluded for Consolidated RTX.

Six Months Ended June 30, 2026 compared to the Six Months Ended June 30, 2025

(Unaudited)

(dollars in millions)

Total Reported
Change

Acquisitions &
Divestitures
Change

FX / Other
Change (2)

Organic Change

Prior Year
Adjusted Sales (1)

Organic Change
as a % of
Adjusted Sales

Collins Aerospace

$           973

$          (787)

$            51

$         1,709

$       14,839

12 %

Pratt & Whitney

2,065

—

21

2,044

14,997

14 %

Raytheon

1,873

—

29

1,844

13,341

14 %

Eliminations and Other (3)

(14)

26

(31)

(9)

(1,290)

1 %

Consolidated

$         4,897

$          (761)

$            70

$         5,588

$       41,887

13 %

(1)

For the full Non-GAAP reconciliation of adjusted sales refer to "Reconciliation of Adjusted (Non-GAAP) Results - Adjusted Sales, Adjusted Operating Profit & Operating Profit Margin."

(2)

Includes other significant non-operational items and/or significant operational items that may occur at irregular intervals.

(3)

FX/Other Change includes the transactional impact of foreign exchange hedging at Pratt & Whitney Canada, which is included in Pratt & Whitney's FX/Other Change, but excluded for Consolidated RTX.

Non-GAAP Financial Adjustments

Non-GAAP Adjustments

Description

Segment and portfolio transformation and divestiture costs

The quarter and six months ended June 30, 2025 include separation costs incurred in advance of the completion of certain divestitures.

Customer bankruptcy

The quarter and six months ended June 30, 2025 include a net pre-tax charge of approximately $0.1 billion related to a customer bankruptcy at Pratt & Whitney. The charge primarily relates to contract asset exposures with a customer. Management has determined that the nature and significance of the charge is considered unusual and, therefore, not indicative of the Company's ongoing operational performance.

Gain on investment

The quarter and six months ended June 30, 2026 and quarter and six months ended June 30, 2025, include a pre-tax gain of $70 million and $41 million, respectively, related to the increase in fair value on an investment. Management has determined that the nature of the gain on investment to be significant and non-operational, and, therefore, not indicative of the Company's ongoing operational performance.

Tax audit settlements and closures

The quarter and six months ended June 30, 2025 include a tax benefit of $59 million and a pre-tax benefit on the reversal of $54 million of interest accruals both recognized as a result of the closure of the examination phase of multiple state tax audits. In addition, in the quarter and six months ended June 30, 2025, there was a tax benefit of $33 million and a net pre-tax benefit of $6 million from the

reversal of interest accruals and the write-off of certain tax related indemnity receivables associated

with the closure of a federal tax audit.

Litigation matter

The quarter and six months ended June 30, 2026 include a pre-tax charge of  $69 million related to a litigation matter. Management considers this charge non-operational and directly attributable to the litigation matter and, therefore, not indicative of the Company's ongoing operational performance.

International tax matter

During the six months ended June 30, 2025, the Company recorded the impact of an unfavorable decision related to an international tax matter for the years ended December 31, 2015 to December 31, 2019, resulting in interest expense, net of $35 million and a tax benefit of $8 million. Management has determined that the nature of this impact related to the tax matter is considered significant and non-operational, and, therefore, not indicative of the Company's ongoing operational performance.

Media Contact

202.384.2474

Investor Contact
781.522.5123 

SOURCE RTX

For the full year, RTX now expects adjusted earnings between $7.10 and $7.25 a share, up from its previous forecast of $6.70 to $6.90.

RTX advances hybrid-electric aviation at The Grid PR Newswire LONDON, July 22, 2026

Collins Aerospace lab completes Clean Aviation SWITCH testing and moves on to LEIA project

, /PRNewswire/ -- Farnborough International Air Show – Collins Aerospace, an RTX (NYSE: RTX) business, has completed integrated lab testing for the European Union's Clean Aviation SWITCH project at The Grid, its advanced electric power systems lab in Rockford, Ill. The tested hybrid-electric powertrain subsystems, which successfully operated with simulated aircraft and engine systems, are now headed to Airbus's laboratories for further aircraft level integration testing, including work on aircraft design, battery interfacing and energy-management systems.

"This is the largest integrated systems test conducted at The Grid since its opening in 2023," said Kristin Smith, vice president of Electric Power Systems at Collins Aerospace.  "By combining our technology expertise with deep industry collaboration, we are demonstrating how hybrid-electric systems can significantly reduce fuel consumption for next-generation aircraft."   

SWITCH aims to improve engine efficiency for future short- and medium-range aircraft by integrating hybrid-electric systems on a Pratt & Whitney GTF™ engine, including two Collins megawatt class motor generators and controllers. Testing at The Grid was supported by Pratt & Whitney teams who performed powertrain system integration and supplied the hybrid-electric engine controller, and Airbus teams who supplied the interface controller to the aircraft energy-management system. GKN Aerospace delivered the high-voltage wiring system.

Next, The Grid will support the Airbus-led LEIA (Large scalE Integration demonstrator of hybrid electrical Architecture) project, where Collins is technical lead for energy sources. This Clean Aviation demonstrator advances components and aircraft systems for future hybrid-electric short- and medium-range aircraft, including high voltage generation and distribution.

Collins will deliver advanced aircraft electric system technologies, including four scalable electric motor/generators, next-generation electronic controllers, power distribution equipment, and cabin pressure and ventilation control systems to enhance reliability and passenger comfort. The Nördlingen, Germany site will supply solid-state power controllers and power distribution panels to replace mechanical circuit breakers and relays boosting reliability and reducing weight. LEIA testing will occur across several sites, including The Grid, with additional work at Collins' facilities in Toulouse, France; Frankfurt, Germany; Cork, Ireland; Rome, Italy; and Solihull, UK.

According to Pierre Durel, Project Officer at Clean Aviation, "SWITCH & LEIA are essential building blocks to make the hybrid-electric short- and medium-range aircraft become a reality: they show the power of collaboration within Europe and beyond." He adds that Clean Aviation is "very much looking forward to the results of the demonstration tests due to be carried out in 2027."

Both SWITCH and LEIA build on the ongoing collaboration between Collins and several partners across multiple Clean Aviation projects, including HECATE and AWATAR, which advance electrification technologies for future regional and short-and-medium range aircraft. Collins also contributes to Clean Aviation's newest ultra-efficient regional aircraft projects, including OSYRYS and PHARES. MTU Aero Engines coordinates the SWITCH project. 

About Collins Aerospace
Collins Aerospace, an RTX business, provides advanced aerospace and defense solutions across avionics, aircraft interiors, aerostructures and engine components, mission systems, and power and control systems. Our global employees are dedicated to delivering innovative technologies to enhance aircraft performance, passenger comfort, operational safety and reliability. 

About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia. 

About the Clean Aviation Joint Undertaking  
The Clean Aviation Joint Undertaking is the European Union's leading research and innovation programme for transforming aviation towards a sustainable and climate-neutral future. It is a successful European public-private partnership between the European Commission through Horizon Europe, the EU research and innovation programme, and the European aeronautics industry. It has a budget of €4.1 billion divided into €1.7 billion in EU funding and no less than €2.4 billion in private funding. The programme's disruptive clean aviation technologies will help reduce the emission footprint of short-medium range and regional aircraft by no less than 30% compared to 2020 state-of-the-art aircraft. Clean Aviation builds on the knowledge and expertise of the Clean Sky programmes (2008-2024). 

For questions or to schedule an interview, please contact [email protected].

SOURCE RTX

RTX heads into Q2 earnings with forecasts for revenue and EPS growth, backed by aerospace demand, defense momentum and a strong backlog.

Production continues to ramp for U.S. Navy's most advanced maritime radar

, /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded a $1.8 billion contract extension for SPY-6 radars for the U.S. Navy, building on the initial hardware production and sustainment contract awarded in March 2022. The contract includes options which, if exercised, would bring the cumulative value to $3.3 billion.

"This contract extension reflects the Navy's confidence in our ability to deliver advanced, reliable and scalable radar solutions," said Barbara Borgonovi, president of Naval Power at Raytheon. "Our continued investment and commitment to ramping production will ensure the fleet has the sensing advantage to stay ahead of evolving threats for decades to come."

SPY-6 is now aboard two commissioned U.S. Navy ships and is installed on 11 others, all of which are undergoing various stages of testing. Over the next decade, SPY-6 is expected to be deployed on more than 50 U.S. Navy ships, giving the fleet unmatched sensing capability and multi-mission readiness to stay ahead of evolving threats.

Raytheon's SPY-6 family of radars are built on more than a decade of design, testing and manufacturing experience and have been validated by successful performance at sea. The company has invested more than $800 million to modernize its radar manufacturing facilities and expand production capacity. With these upgrades, Raytheon is positioned to double SPY-6 output by 2028, helping ensure long-term availability and lowering cost for the Navy.

Raytheon is significantly expanding its engineering workforce in Andover to support this critical program. Opportunities are available for emerging talent, experienced professionals, and veterans. Discover open roles on our website and apply today.

About Raytheon
Raytheon, an RTX business, is a leading provider of defense solutions to help the U.S. government, our allies and partners defend their national sovereignty and ensure their security. For more than 100 years, Raytheon has developed new technologies and enhanced existing capabilities in integrated air and missile defense, smart weapons, missiles, advanced sensors and radars, interceptors, space-based systems, hypersonics and missile defense across land, air, sea and space.

About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact [email protected]. 

SOURCE RTX

Ground testing of flight-standard engine and propeller for RTX Hybrid-Electric Flight Demonstrator begins in Quebec

, /PRNewswire/ -- Farnborough International Airshow – Pratt & Whitney Canada today announced a new phase in the RTX Hybrid-Electric Flight Demonstrator project, with ground testing of the flight-standard propulsion system and propeller in Longueuil, Quebec. Following completion of the ground test, the hybrid-electric propulsion system will be installed on the De Havilland Canada Dash 8-100 experimental aircraft, with the first flight expected in 2027. Pratt & Whitney is an RTX (NYSE: RTX) business.

"Assembling the final, flight-standard propulsion system brings us one step closer to proving hybrid-electric technology in flight," said Jean Thomassin, executive director, New Products and Services Introduction, Pratt & Whitney Canada. "We are advancing thermal engine and hybrid-electric technologies which could enhance fuel efficiency and performance for a wide range of future aircraft applications."

The hybrid-electric propulsion system combines an advanced Pratt & Whitney Canada thermal engine with a 1-megawatt electric motor and motor controller developed by RTX's Collins Aerospace, along with a battery system supplied by H55 S.A., a Swiss developer of certifiable aviation energy storage systems.

With the electric motor providing additional power during demanding flight phases such as takeoff and climb, the hybrid-electric architecture enables the propulsion system to operate more efficiently throughout the flight mission. The project aims to demonstrate up to 30% improved fuel efficiency for a typical 250-nautical-mile regional turboprop mission.

The RTX Hybrid-Electric Flight Demonstrator project has accelerated collaboration between leading aerospace industry companies and research institutions within Canada and abroad, including De Havilland Aircraft of Canada, GKN Aerospace, AeroTEC, Ricardo, the National Research Council of Canada and the Innovative Vehicle Institute.

The project is supported by the governments of Canada and Quebec. Additionally, the project's propulsion system verification phase is supported by Strix, the organization managing Canada's Initiative for Sustainable Aviation Technology (INSAT), with funding from the Government of Canada, as part of its fifth wave of innovative research projects.

Learn more about how RTX is developing transformative technologies in Canada here.

About Pratt & Whitney
Pratt & Whitney, an RTX business, is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units for military, commercial and civil aviation customers. Since 1925, our engineers have pioneered the development of revolutionary aircraft propulsion technologies, and today we support more than 90,000 in-service engines through our global network of maintenance, repair and overhaul facilities.

About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact [email protected].

SOURCE RTX

RTX's Pratt and Whitney Valox™ 1500 Engine Completes Key Design Milestone PR Newswire LONDON, July 21, 2026

Comprehensive engine support will strengthen Emerald Airlines' regional operations through 2030

, /PRNewswire/ -- Farnborough International Airshow -- Pratt & Whitney Canada has signed a nearly five-year contract with Emerald Airlines to provide comprehensive maintenance, repair and overhaul (MRO) services for PW127M engines powering ATR 72-600 regional turboprops. Pratt & Whitney is an RTX (NYSE: RTX) business.

"We worked with Emerald Airlines to develop a customized and inclusive solution that will optimize their future engine maintenance costs, deliver dependable performance and dispatch availability," said Anthony Rossi, vice president, Pratt & Whitney Canada. "This agreement reflects our broader commitment to invest in and expand our MRO capabilities as we continue to grow alongside our customers."

Maintenance work to support Emerald Airlines will primarily be carried out at Pratt & Whitney Canada's Singapore facility, a global hub specializing in MRO front-line service for turboprop engines, with additional support from the business's Montreal site.

"We're pleased to extend our partnership with Pratt & Whitney Canada through 2030, giving us long-term certainty across our fleet," said Richard Spencer, Chief Operating Officer, Emerald Airlines. "This comprehensive MRO program delivers real peace of mind, with predictable costs and the ability to plan our operations with confidence. It also reflects a structure that aligns with the needs of our aircraft lessors, ensuring the right balance of performance, reliability and asset value over time."

The PW100 engine family delivers significant efficiency benefits on routes of 350 miles or less, cutting fuel use by25% to 40% and reducing CO2 emissions by the same amount compared to similar-sized regional jets. The engines are also compatible with biofuels and certified to operate with up to a 50% blend of synthetic aviation fuel. 

About Pratt & Whitney
Pratt & Whitney, an RTX business, is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units for military, commercial and civil aviation customers. Since 1925, our engineers have pioneered the development of revolutionary aircraft propulsion technologies, and today we support more than 90,000 in-service engines through our global network of maintenance, repair and overhaul facilities.

About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.

About Emerald Airlines
Established in 2021, Emerald Airlines serves as the exclusive operator of the Aer Lingus Regional route network, providing connectivity to/from Ireland, UK, and France. Recognised as Aviation Company of the Year, the airline offers a comprehensive range of services, including franchise operations, ACMI wet lease, and private charter flights.

For questions or to schedule an interview, please contact [email protected] 

SOURCE RTX

Valox 1500 design set to deliver an optimal mix of affordability, performance and speed to market for autonomous platforms

, /PRNewswire/ -- Farnborough International Airshow -- Pratt & Whitney, an RTX (NYSE: RTX) business, has successfully completed a key design milestone for its Pratt & Whitney Valox™ 1500 engine, a new powerplant intended for semi-autonomous collaborative platforms. A comprehensive digital assessment confirms the design is on track to deliver an optimal mix of performance, affordability, and speed to market.

"This milestone reflects Pratt & Whitney's agility and commitment to delivering critical capability to the warfighter at speed," said Jill Albertelli, president of Pratt & Whitney's Military Engines business. "By optimizing the engine design for reduced mission life and moving beyond traditional development timelines, our team is bringing forward a more affordable, scalable propulsion solution for emerging operational needs."

Leveraging proactive investments in digital engineering, Pratt & Whitney has significantly de-risked the development timeline and is now focused on maturing the design for follow-on ground testing. In late 2025, Pratt & Whitney received a contract award valued at more than $10 million from the U.S. Air Force to advance the engine design.

Pratt & Whitney recently unveiled the Pratt & Whitney Valox™ engine family, which is engineered to deliver the speed, precision, and affordability required for modern collaborative combat systems and a broad range of emerging applications.

About Pratt & Whitney
Pratt & Whitney, an RTX business, is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units for military, commercial and civil aviation customers. Since 1925, our engineers have pioneered the development of revolutionary aircraft propulsion technologies, and today we support more than 90,000 in-service engines through our global network of maintenance, repair and overhaul facilities.

About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact [email protected]

SOURCE RTX

Analysts on Wall Street project that RTX (RTX - Free Report) will announce quarterly earnings of $1.66 per share in its forthcoming report, representing an increase of 6.4% year over year. Revenues are projected to reach $22.83 billion, increasing 5.8% from the same quarter last year.

The consensus EPS estimate for the quarter has undergone a downward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

Bearing this in mind, let's now explore the average estimates of specific RTX metrics that are commonly monitored and projected by Wall Street analysts.

The average prediction of analysts places 'Adjusted Net Sales- Collins Aerospace' at $7.83 billion. The estimate indicates a year-over-year change of +2.7%.

The combined assessment of analysts suggests that 'Net Sales- Raytheon' will likely reach $7.54 billion. The estimate points to a change of +7.8% from the year-ago quarter.

The collective assessment of analysts points to an estimated 'Adjusted Net Sales- Pratt & Whitney' of $8.16 billion. The estimate suggests a change of +6.9% year over year.

Analysts' assessment points toward 'Operating Profit- Collins Aerospace- Adjusted' reaching $1.32 billion. Compared to the present estimate, the company reported $1.25 billion in the same quarter last year.

According to the collective judgment of analysts, 'Operating Profit- Raytheon- Adjusted' should come in at $895.79 million. The estimate compares to the year-ago value of $809.00 million.

Analysts predict that the 'Operating Profit- Pratt & Whitney- Adjusted' will reach $700.71 million. Compared to the present estimate, the company reported $608.00 million in the same quarter last year.

View all Key Company Metrics for RTX here>>>

RTX shares have witnessed a change of +4.3% in the past month, in contrast to the Zacks S&P 500 composite's +0.6% move. With a Zacks Rank #2 (Buy), RTX is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Bridgeport, West Virginia facility to overhaul PT6A-68 engines for the T-6 trainer

, /PRNewswire/ -- Pratt & Whitney Canada has been awarded a nine-year, $1 billion contract from V2X Inc. to overhaul more than 750 PT6A-68 engines that power the U.S. Joint Primary Aircraft Training System (JPATS) T-6 trainer fleet. Pratt & Whitney is an RTX (NYSE: RTX) business.

Issued under V2X's T-6 Contractor Operated and Maintained Base Supply (COMBS) contract, the award underscores the companies' long-standing partnership delivering sustainment support for the T-6 aircraft.

"Supporting JPATS pilots starts with reliable trainer aircraft, and our maintenance work helps ensure these planes are ready for every new class of aviators," said Frédéric Lefebvre, vice president, Pratt & Whitney Canada, Customer Service Operations. "This award is a testament to our 500 West Virginia employees, and the high-quality sustainment support they provide to our customers."

Pratt & Whitney Canada's Bridgeport facility has been performing PT6A-68 maintenance, repair and overhaul work for more than four decades, providing mission-critical engine sustainment for operators worldwide. This award marks the second time the site has been awarded this engine refurbishment contract for the U.S. government, further demonstrating its proven performance, technical expertise and commitment to excellence in engine sustainment.

"V2X is extremely excited to have the engine OEM Pratt & Whitney Canada and their Bridgeport facility as a key partner on this contract," said Chis Abrams, vice president, V2X Aerospace Solutions. "We have great confidence in the P&WC Bridgeport team having worked together on other long-term contracts throughout the years."

About Pratt & Whitney
Pratt & Whitney, an RTX business, is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units for military, commercial and civil aviation customers. Since 1925, our engineers have pioneered the development of revolutionary aircraft propulsion technologies, and today we support more than 90,000 in-service engines through our global network of maintenance, repair and overhaul facilities.

About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact [email protected] 

SOURCE RTX

Additive manufacturing increases production speed and industrial flexibility to meet growing demand for expendable engines

, /PRNewswire/ -- Farnborough International Airshow – Pratt & Whitney, an RTX (NYSE: RTX) business, announced the successful completion of demonstration testing for its additively manufactured TJ150 engine.

Nearly 60% of the engine by volume was produced through additive manufacturing, including major static and rotating hardware. The testing focused on validating material behavior in an operational environment and demonstrating durability aligned with mission demands.

"For expendable engines like the TJ150, where missions can last minutes or hours, simplifying the design and scaling production quickly is essential to meeting rising demand," said Jill Albertelli, president of Military Engines at Pratt & Whitney. "Additive manufacturing helps us move designs from concept to capability faster, and we are leveraging what we learned on the TJ150 to benefit other programs, including the Pratt & Whitney Valox™ engine family."  

Pratt & Whitney has made targeted investments to advance additive manufacturing for the TJ150, strengthening its long-term producibility and scalability strategy. To date, Pratt & Whitney has consolidated more than 50 individual hot section components into a handful of additively manufactured parts and has successfully tested a 3D-printed rotating turbine wheel. Together, these efforts led to the recently tested TJ150 configuration.

About Pratt & Whitney
Pratt & Whitney, an RTX business, is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units for military, commercial and civil aviation customers. Since 1925, our engineers have pioneered the development of revolutionary aircraft propulsion technologies, and today we support more than 90,000 in-service engines through our global network of maintenance, repair and overhaul facilities.

About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact [email protected].

SOURCE RTX

UK flag carrier opts for game-changing geared architecture

, /PRNewswire/ -- Farnborough International Airshow – Pratt & Whitney, an RTX (NYSE: RTX) business, announced today that British Airways has selected GTF engines to power 33 firm and 30 option Airbus A320neo aircraft. Pratt & Whitney will also provide maintenance for the engines through a 12-year EngineWise® Comprehensive services agreement, ensuring optimized fleet efficiency and cost of ownership. Deliveries are expected to begin in 2027.

"Today marks a pivotal moment and a strong vote of confidence in the GTF engine as the UK's flagship carrier, British Airways, becomes the newest GTF customer," said Rick Deurloo, president of Commercial Engines, Pratt & Whitney. "As the most fuel-efficient choice for the A320neo aircraft, the GTF engine will help British Airways achieve its international fleet expansion goals and enhance the travel experience for passengers."

The GTF delivers 20% lower fuel consumption and a 75% smaller noise footprint compared to the prior generation of engines. Over 2,800 GTF-powered aircraft are operated globally by more than 90 customers, and the order backlog of over 8,000 GTF engines reflects strong market demand for its proven benefits. The GTF Advantage engine, which will enter into service later this year, will provide operators up to twice the time on wing, industry-leading fuel efficiency and even more range capability.

About Pratt & Whitney

Pratt & Whitney, an RTX business, is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units for military, commercial and civil aviation customers. Since 1925, our engineers have pioneered the development of revolutionary aircraft propulsion technologies, and today we support more than 90,000 in-service engines through our global network of maintenance, repair and overhaul facilities.

About RTX

With more than 180,000 global employees, RTX pushes the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia

For questions or to schedule an interview, please contact [email protected]

SOURCE RTX

RTX (RTX - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on July 23, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis an aerospace and defense company is expected to post quarterly earnings of $1.66 per share in its upcoming report, which represents a year-over-year change of +6.4%.

Revenues are expected to be $22.83 billion, up 5.8% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.08% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for RTX?For RTX, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.02%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination indicates that RTX will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that RTX would post earnings of $1.52 per share when it actually produced earnings of $1.78, delivering a surprise of +17.11%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

RTX appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.