RTX lifts 2026 outlook as military and commercial sales grow
RTX raised its 2026 financial forecasts after reporting a 9% rise in quarterly revenue. Strong demand for missile systems and aircraft repairs led the growth.
Defense contractor RTX CORP has increased its profit and revenue projections for 2026, citing sustained aftermarket sales and a surge in demand for missile systems and other weaponry amid escalating global tensions. The United States Department of Defense is currently working to replenish its weapons stockpiles, which have been strained by the Iran war and other recent military engagements. Significant quantities of artillery, ammunition, and anti-tank missiles have been utilized since Russia invaded Ukraine in 2022, as well as during military operations conducted by Israel in Gaza. Defense contractors are positioned to gain as the Pentagon prioritizes inventory rebuilding. In April, RTX secured a $3.7 billion contract to provide Patriot GEM-T interceptor missiles to Ukraine. The company’s Raytheon division, which specializes in air and missile defense, sensors, radars, and space systems, reported a 10% increase in first-quarter sales, reaching $6.95 billion. Beyond defense, RTX is benefiting from heightened demand for aircraft maintenance. Supply chain disruptions and delivery delays have forced airlines to operate older aircraft for longer periods, driving commercial aftermarket sales up by 19% in the Pratt & Whitney segment. This unit remains under scrutiny following allegations from AIRBUS SE regarding engine shipment delays and the diversion of units to repair facilities. For the first quarter, RTX reported revenue of $22.08 billion, a 9% increase year-over-year. Adjusted per-share profit rose 21% to $1.78. Consequently, the company now anticipates full-year adjusted per-share profit between $6.7 and $6.9, an increase from its previous guidance of $6.6 to $6.8. The 2026 revenue forecast was also adjusted upward to a range of $92.5 billion to $93.5 billion.
