RTX Sees Durable Defense Demand With $289B Backlog and 19-20% Collins Margins
RTX sits 26% above its 52-week low of $155.64 on light trading volume (0.3× avg).
Summary
RTX's CEO outlined a robust defense outlook at Morgan Stanley's Laguna Conference, citing a $289 billion backlog (excluding five major munitions framework agreements and a recently awarded $23 billion Tomahawk contract). He projected medium-term operating margins of 19%-20% for Collins Aerospace and 2026 free cash flow of about $8.6 billion. International demand is strengthening, with 48% of Raytheon's backlog now international, up four points year-over-year, driven by geopolitical tensions. This is the first public disclosure of these specific figures and margin targets, providing new visibility into RTX's growth trajectory. The news is directly relevant to RTX and positive for the stock, though the market's reaction may be tempered by broader macro concerns. Compass, Inc. (COMP) is not the primary subject of this headline; it is only mentioned as part of a market roundup.
At the time of this announcement, RTX was trading at $196.36 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $264.6B. The 52-week trading range was $155.64 to $226.88. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.