Raytheon Books ~$20B in Q2 Awards, RTX Flags Iran War, Defense Spending Risks
RTX sits 40% above its 52-week low of $149.11 on elevated volume (1.8× avg).
Summary
RTX's Q2 sales hit $24.7B with 16% organic growth, but the standout is Raytheon's nearly $20B in new awards—a 2.4 book-to-bill ratio that swells its backlog to ~$86B. Key wins include $5B+ for GEM-T Patriots, $1.8B for AMRAAMs, and $4B+ in classified work. Management also flagged two macro risks: higher oil from the Iran war could dent commercial aerospace demand, and defense spending may have peaked with a Democrat-run House. The company is expanding Stinger missile production with European partners, adding assembly in the Netherlands. This follows yesterday's raised 2026 outlook and strong Q2 results; the new detail on defense bookings and explicit risk warnings adds fresh color for traders assessing the stock near its 52-week high.
At the time of this announcement, RTX was trading at $208.88 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $281.7B. The 52-week trading range was $149.11 to $214.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.