RTX Lifts 2026 Forecast on Surging Aircraft Repair and Defense Demand
RTX sits 36% above its 52-week low of $143.56.
Summary
RTX raised its 2026 sales and profit outlook well above consensus, driven by booming aftermarket services and defense orders. The company now sees adjusted sales of $95-$96 billion, up from $92.5-$93.5 billion, and adjusted EPS of $7.10-$7.25, up from $6.70-$6.90. Q2 adjusted profit jumped to $1.89 per share from $1.56 a year ago, with net income of $2.14 billion and EPS of $1.57. Backlog surged 22% to $289 billion, including a defense backlog of $119 billion, with both commercial aerospace and defense segments posting double-digit sales growth. This follows a string of positive defense contract wins and British Airways' recent GTF engine selection, reinforcing the demand narrative. The guidance raise signals confidence that supply-chain constraints are easing and that elevated military spending will persist.
At the time of this announcement, RTX was trading at $195.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $262.4B. 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 9 out of 10. Source: Reuters.