RTX CorporationNYSE: RTX
Industrials · Aerospace & Defense
$174.46
-0.91%
Vol: 4.1M
Research Digest
Friday, May 1, 2026
RTX Raytheon delivers second missile-warning sensor for Space Force and receives $3.7B Patriot interceptor contract for Ukraine
Raytheon delivered its second Next-Gen OPIR sensor payload to Lockheed Martin for the Space Force on April 28, 2026. The company secured a $3.7B contract to supply Patriot GEM-T interceptors to Ukraine with production from new Schrobenhausen, Germany facility. RTX also demonstrated an event-based mid-wave infrared camera and completed RAIVEN sensor flight tests. The company was recognized as a leading aerospace/defense innovator globally.
Previous Market Intelligence
13 daysApr 30RTX beats Q1 with EPS $1.78 and record $268B backlog, but stock falls 7.6% on tariff fearsMixed▶
RTX Corporation reported strong Q1 2026 results on April 22 with EPS of $1.78 beating forecast $1.51, revenue of $22.1B exceeding $21.44B consensus, and adjusted EPS up 21% year-over-year on 14% segment operating profit growth. Record backlog reached $268B (up 23% YoY), signaling robust future demand. Despite beat, stock fell 7.6% in pre-market on tariff and geopolitical concerns. UBS lowered PT to $199 from $209 (Neutral on April 22), and Morgan Stanley recently cut its target. Management raised full-year sales and EPS guidance. New manufacturing facility opened in Morocco. Defense contracts continue (recent $206M Navy award April 28). Pratt & Whitney's GTF Advantage engine approved for Airbus A320neo by EU. Technicals show weakness: stock declined 11.28% in latest week.
Apr 29RTX Q1 2026 EPS $1.78 beats forecast ($1.51); revenue $22.1B up 9%; record $271B backlogPositive▶
RTX reported Q1 2026 sales of $22.1B (up 9%, 10% organic) with EPS of $1.78 beating $1.51 forecast. Revenue exceeded $21.44B estimate. Record backlog of $271B (up 25% YoY) reflects robust defense demand. Munitions deliveries up 40% YoY. Management raised full-year 2026 outlook for adjusted sales and EPS. Commercial aerospace remained strong. On Apr 29, RTX recognized as global leader in patents/innovation. UBS downgraded to Neutral with $199 PT (from $209); average analyst rating Buy with $204 12-month PT.
Apr 16RTX signed $3.7 billion Patriot interceptor contract with Ukraine and completed first flight test of RAIVEN sensing system on April 15Positive▶
RTX announced major defense wins on April 14-15, including $3.7 billion Patriot GEM-T interceptor supply contract for Ukraine with new German production facility, and successful first flight test of RAIVEN staring sensor system for enhanced situational awareness. The company also achieved three international airline launch customers for Collins Aerospace Helix cabin seats and the U.S. Army is planning long-term Coyote drone interceptor supply agreement. RTX operates in a unique defense super-cycle overlapping record commercial air travel recovery with global rearmament, boasting $268 billion backlog. Q1 2026 earnings will release April 21.
Apr 15RTX secures $3.7 billion Patriot GEM-T missile contract for Ukraine and expands Blue Canyon reaction wheel productionPositive▶
RTX secured $3.7 billion contract for Patriot GEM-T interceptors for Ukraine. Blue Canyon Technologies plans to expand production from 650 to 2,400 units annually. RTX shares up 7.34% YTD and 49.86% over the past year. Q1 2026 earnings scheduled April 21. Company beaten consensus EPS in each of four quarters of 2025.
Apr 14Raytheon demonstrates next-gen infrared camera; awarded $627M Netherlands Patriot contractPositive▶
Demonstrated event-based MWIR camera on April 13. Awarded $627M Netherlands Patriot contract April 8. Record $268B total backlog. Q1 earnings April 21.
Apr 13RTX secures $627M Netherlands Patriot contract; $268B backlog supports Q1 earnings April 21Positive▶
Raytheon (RTX subsidiary) awarded $627M direct commercial sales contract for Netherlands Patriot air defense equipment (April 8), including radars, launchers, control stations. RTX backlog reaches record $268B. Q1 earnings April 21 before market open. On Morgan Stanley upside-surprise list.
Apr 10Raytheon wins $627M Netherlands Patriot contract and $708.94M bomb production contract amid Iran tensions.Positive▶
RTX was awarded $627M contract from Netherlands for Patriot air and missile defense system. Additionally secured up to $708.94M contract for small diameter bomb production with foreign military sales. Iran War accelerating missile demand with $268B backlog and 20% munitions output increase. Q1 2026 earnings scheduled April 21. EPS projected at $1.51 (+2.72% YoY).
Apr 9RTX Advances Amid Defense Spending Surge and Analyst UpgradePositive▶
RTX climbed on increased defense spending amid geopolitical tensions and a recent upgrade to Buy from Hold by Melius Research. The company received a $45.4 million GPS contract, expanding its defense portfolio. RTX reported strong Q4 FY2025 results (adjusted sales up 12% YoY to $24.2B, EPS beat at $1.55), with 15 Strong Buy and 8 Hold ratings among 25 analysts, targeting $214.23 mean price.
Apr 8RTX secures $3.8B F135 engine contract modification; stock at $197.48.Neutral▶
RTX secured $3.8 billion contract modification for F135 engines, boosting production rates. Stock at $197.48 (+1.12%), trending up. Earnings forecast April 21: EPS $1.51 (+2.72% YoY), revenue $21.42B (+5.48% YoY). Zacks Rank #3 (Hold).
Apr 7Pratt & Whitney awarded $6.6B F135 production contract; RTX Q1 earnings due April 21.Positive▶
RTX's Pratt & Whitney received $6.6 billion F135 production contract to definitize lots 18-19. Raytheon's StormBreaker smart weapon approved for Super Hornet fleet use. Raytheon's non-kinetic Coyote variant defeats multiple drone swarms. Raytheon completed $115 million expansion of Redstone Raytheon Missile Integration Facility (26,000 sq ft), increasing capacity 50%. BBN Technologies released open-source covert communications toolkit developed with DARPA PWND2 funding. Q4 2025 results showed 12.1% revenue growth and 549% increase in free cash flow. Upgraded to Buy from Hold at Melius Research on April 2, 2026. Stock trades at $196.30. Q1 earnings due April 21, 2026.
Apr 6RTX upgraded to Buy at Melius; Pratt & Whitney investing $200M for capacity expansion.Positive▶
RTX upgraded to Buy from Hold at Melius (April 2). Collins Aerospace initiating hybrid-electric powertrain testing; Pratt & Whitney investing $200M for 7th isothermal press (30% capacity expansion by 2028). Q4 revenue $24.2B (+12% YoY). Geopolitical tensions drive defense demand.
Apr 3Melius upgrades RTX to Buy citing defense spending acceleration; Erste Group and BofA include RTX in Q2 top picks.Positive▶
Melius upgraded RTX to Buy from Hold on April 2, citing increased demand for defense equipment from escalating geopolitical tensions. Erste Group initiated Buy coverage highlighting strong engine demand, while Bank of America named RTX among top Q2 2026 stock picks. RTX secured $980.5 million in defense contracts, with Pratt & Whitney investing $200 million to expand output 30%. Collins Aerospace began hybrid-electric powertrain testing. RTX has delivered 20% returns over 90 days.
Apr 1Raytheon Technologies secures $3.8B F-35 F135 engine contract; Collins Aerospace begins hybrid-electric powertrain testing.Positive▶
Pratt & Whitney, an RTX unit, secured a $3.8B contract modification for F-35 F135 engines (lots 18-19), bringing total contract value to $6.6B with engines, spares and support services for 20 allied nations. F135 production has increased 20% with over 1,400 engines delivered. Collins Aerospace began initial hybrid-electric powertrain subsystem testing on March 16, 2026. Raytheon completed a $115M expansion of its Redstone Missile Integration Facility. RTX stock jumped 2.4%.
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