RTX Guides Q2 Revenue to $22.9B, EPS $1.66; Wins Navy Radar Deal
RTX sits 36% above its 52-week low of $143.56.
Summary
RTX provided Q2 guidance of ~$22.89B revenue (up ~6% YoY) and EPS of $1.66, driven by munitions demand and Collins Aerospace ramp. This follows a strong Q1 and a series of defense contract wins, including a $1.1B Navy missile deal in June. The company also disclosed a new Navy AN/SPY6(V) radar production contract modification through 2031, and Pratt & Whitney secured GTF engine orders from Jackson Square Aviation and British Airways (up to 63 aircraft). The guidance and contract flow reinforce the defense and aftermarket growth narrative, though GTF engine issues remain a watchpoint. Q2 earnings are expected to confirm these figures.
At the time of this announcement, RTX was trading at $194.75 on NYSE in the Manufacturing sector, with a market capitalization of approximately $261.8B. The 52-week trading range was $143.56 to $214.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.