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Industrials · NYSE: RTX

RTX: how the business works

RTX makes jet engines (Pratt & Whitney), aircraft systems (Collins Aerospace) and missiles (Raytheon) for airlines, plane makers and governments, with sales of $88.6 billion in FY2025.

By · Checked against filings: . Editorial policy. Corrections

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RTX Corporation · Arlington, Virginia

Updated for Q3 FY2026 · checked

Sales, FY2025
$88.6B
Net income, FY2025
$6.7B
Share of FY2025 sales paid by the US government
37.6%
Remaining performance obligations (backlog), Sep 30, 2026
About $340B
Employees, end of FY2025
About 180,000

For learning only. Cityfort is not a registered investment adviser or broker-dealer and does not recommend buying or selling any security. Prices shown are dated and may be out of date.

The short version

RTX in 5 points

  1. 1 · What it sells

    RTX makes jet engines (Pratt & Whitney), aircraft systems (Collins Aerospace) and missiles and radars (Raytheon), with sales of $88,603 million in FY2025.

    More: what it sells

  2. 2 · Who pays it

    In FY2025 the US government paid 37.6% of RTX's sales, foreign governments buying through the US government 7.6%, foreign governments buying directly 6.9% and commercial customers 48.0%.

    More: who pays it

  3. 3 · What it keeps from $100

    Of every $100 that came in during FY2025, RTX kept $7.46 as net income, which includes $1.31 of non-operating pension income, and its operating profit was $10.50 per $100 of sales.

    More: what it keeps from $100

  4. 4 · Where the operating profit comes from

    In FY2025 Collins Aerospace earned 45.8% of RTX's segment operating profit, Raytheon 30.0% and Pratt & Whitney 24.2%, before about $2.0 billion of acquisition accounting adjustments.

    More: where the operating profit comes from

  5. 5 · The one thing to watch

    RTX's defense backlog rose from $107 billion at Dec 31, 2025 to $164 billion at Sep 30, 2026, and funding for the large new missile contracts depends on annual Congressional appropriations.

    More: the one thing to watch

Sources: From RTX's FY2025 10-K and Q3 FY2026 10-Q · checked

See the full receipt and the management scorecard below

Sources (2)
Next: Where $100 goes

01Where the money goes · FY2025

Where does $100 of RTX's money go?

Of every $100 that came in (revenue plus other income), this is where it went.

RTX · FY2025

Receipt for every $100

Where $100 of RTX's money went in FY2025
Cost of sales$78.5
Selling and administrative costs$6.8
Research and development$3.1
Interest on debt, net$1.9
Income tax$1.8
Minority owners of subsidiaries$0.4
Kept as net income$7.5
Total$100

Each line = amount ÷ total money in × 100. Lines may not add to exactly $100 because of rounding.

How this is worked out

Of every $100 that came in during FY2025 (sales $88,603 million + non-service pension income $1,182 million + other income $413 million = $90,198 million). Cityfort calculation from FY2025 10-K. Pension income was $1.31 of every $100 and is not from customers. Operating profit was $10.50 per $100 of sales.

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Sources (1)
Next: The business in one line

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02The business in one line

What does RTX do?

Airlines, plane makers and governments pay RTX for jet engines, aircraft systems and missiles, and for years of spare parts and repairs; most of the money goes on making and servicing them, and what's left is profit.

  • In FY2025 the US government paid 37.6% of RTX's $88,603 million of sales, other governments 14.5% and commercial customers 48.0%.
  • Cost of sales took $78.51 of every $100 that came in during FY2025, and RTX kept $7.46 as net income.
Next: Who pays it

03Who pays it

Who pays RTX?

  • US government

    38%

    of revenue

    Including the U.S. Department of War, which the 10-K says was formerly referred to as the U.S. Department of Defense. Sales were $33,279 million in FY2025, not counting foreign military sales.

  • Foreign governments, through the US government

    8%

    of revenue

    Foreign military sales, which allied governments buy through the US government. Sales were $6,702 million in FY2025.

  • Foreign governments, directly

    7%

    of revenue

    Direct commercial sales to foreign governments. Sales were $6,123 million in FY2025.

  • Plane makers, airlines and other commercial customers

    48%

    of revenue

    Airbus, Boeing and other aircraft makers, airlines, leasing companies and repair shops. Sales were $42,499 million in FY2025.

  • US government38%
  • Foreign governments, through the US government8%
  • Foreign governments, directly7%
  • Plane makers, airlines and other commercial customers48%

Customer concentration

The US government paid 37.6% of FY2025 sales, before foreign military sales it handles for allied governments. Airbus was about 14% of total sales before discounts and incentives, and 29% of Pratt & Whitney's segment sales. Shares are a Cityfort calculation from the FY2025 10-K's sales table; the 10-K rounds them to 38%, 8%, 7% and 48%.

Largest customer
38%
Sources (1)
Next: Why it makes money

04Why it makes money

Why does RTX make money?

Engines and systems in service bring years of parts and repair work, and defense contracts add a long backlog.

Once an RTX engine or system flies, airlines and militaries buy parts, repairs and maintenance for years. About 40% of the $340 billion backlog at Sep 30, 2026 was Pratt & Whitney maintenance contracts that run up to 20 years. Services were $24,432 million of FY2025 sales.

Operating profit per $100 of sales

$8.0$10.5

FY2021 to FY2025

  1. Plane makers and governments choose RTX engines and systems
  2. Each aircraft delivered adds to the fleet in service
  3. The fleet needs spare parts, repairs and maintenance for decades
  4. Long maintenance and defense contracts fill the backlog
  5. Profit pays for research on the next engines and systems
  6. New programs win more aircraft and contracts

↺ Step 6 feeds back into step 1.

Sources (2)
Next: Business segments

05Business segments · FY2025

Which businesses make up RTX?

  • Pratt & Whitney

    36%

    Jet engines and their maintenance. Segment operating profit was $2,596 million in FY2025, a 7.9% margin, after a loss of $1,455 million in FY2023 from the powder metal charge.

    Revenue $32.9B · Operating profit $2.6B

  • Collins Aerospace

    33%

    Aircraft systems, cabins, parts and repairs. Segment operating profit was $4,923 million in FY2025, a 16.3% margin, the highest of the three. Its sales include $2,611 million sold to other RTX segments.

    Revenue $30.2B · Operating profit $4.9B

  • Raytheon

    31%

    Missiles, radars and air defense systems. Segment operating profit was $3,227 million in FY2025, an 11.5% margin.

    Revenue $28.0B · Operating profit $3.2B

How the mix changed

  • Pratt & Whitney
  • Collins Aerospace
  • Raytheon

Revenue by segment, FY2021 to FY2025.

US$

See the numbers
How the mix changed (US$)
YearPratt & WhitneyCollins AerospaceRaytheon
FY2021$18.2B$21.2B$26.6B
FY2022$20.5B$23.1B$25.2B
FY2023$18.3B$26.3B$26.4B
FY2024$28.1B$28.3B$26.7B
FY2025$32.9B$30.2B$28.0B
Sources (2)
Next: How has it done

06The numbers · Consolidated · US$

How has RTX done?

Revenue

$88.6BFY2025

Sales rose every year from $64,388 million in FY2021 to $88,603 million in FY2025, though FY2023 sales were cut by $5.4 billion for the powder metal problem, and Q3 FY2026 sales of $24,965 million were up 11.1% from a year earlier.

US$

See the numbers
Revenue (US$)
PeriodRevenue (US$)
FY2021$64.4B
FY2022$67.1B
FY2023$68.9B
FY2024$80.7B
FY2025$88.6B
Q3 FY2024$20.1B
Q4 FY2024$21.6B
Q1 FY2025$20.3B
Q2 FY2025$21.6B
Q3 FY2025$22.5B
Q4 FY2025$24.2B
Q1 FY2026$22.1B
Q2 FY2026$24.7B
Q3 FY2026$25.0B

Net profit

$6.7BFY2025

Net income fell to $3,195 million in FY2023 after the $2.9 billion powder metal charge and rose to $6,732 million in FY2025; Q3 FY2026's $2,583 million included about $0.4 billion of tariff refunds before tax and a $363 million customer-bankruptcy charge.

US$

See the numbers
Net profit (US$)
PeriodNet profit (US$)EPS ($)
FY2021$3.9B$2.56
FY2022$5.2B$3.50
FY2023$3.2B$2.23
FY2024$4.8B$3.55
FY2025$6.7B$4.96
Q3 FY2024$1.5B$1.09
Q4 FY2024$1.5B$1.10
Q1 FY2025$1.5B$1.14
Q2 FY2025$1.7B$1.22
Q3 FY2025$1.9B$1.41
Q4 FY2025$1.6B$1.19
Q1 FY2026$2.1B$1.51
Q2 FY2026$2.1B$1.57
Q3 FY2026$2.6B$1.89

Profit kept per $100 of revenue

$7.6FY2025

Net margin rose from 4.6% in FY2023 to 7.6% in FY2025, and each year's net income includes non-operating pension income ($1,182 million in FY2025, down from $1,944 million in FY2021).

$ of profit per $100 of revenue (net margin)

See the numbers
Profit kept per $100 of revenue ($ of profit per $100 of revenue (net margin))
YearNet marginEBITDA margin
FY20216.0%15.1%
FY20227.7%14.3%
FY20234.6%11.3%
FY20245.9%13.5%
FY20257.6%15.4%

Free cash flow

$7.9BFY2025

Free cash flow (operating cash flow minus capital spending) was $7,940 million in FY2025, up from $4,534 million in FY2024, and stock-based pay was $519 million, 0.6% of sales.

US$ · cash from operations minus spending on plants and equipment

See the numbers
Free cash flow (US$ · cash from operations minus spending on plants and equipment)
YearCash from operationsCapital spendingFree cash flow
FY2021$7.1B$2.1B$5.0B
FY2022$7.2B$2.3B$4.9B
FY2023$7.9B$2.4B$5.5B
FY2024$7.2B$2.6B$4.5B
FY2025$10.6B$2.6B$7.9B
See all yearly numbers
RTX annual financials, FY2021–FY2025, US$
YearRevenueEBITDANet profitEPS ($)Net income, total (US$)Operating cashCapexFree cash
FY2021 (restated)$64.4B$9.7B$3.9B$2.56$4.1B$7.1B$2.1B$5.0B
FY2022 (restated)$67.1B$9.6B$5.2B$3.50$5.3B$7.2B$2.3B$4.9B
FY2023$68.9B$7.8B$3.2B$2.23$3.4B$7.9B$2.4B$5.5B
FY2024$80.7B$10.9B$4.8B$3.55$5.0B$7.2B$2.6B$4.5B
FY2025$88.6B$13.7B$6.7B$4.96$7.1B$10.6B$2.6B$7.9B

EBITDA here = operating income plus depreciation and amortization (from the cash flow statement). Fiscal years are the company's own (Fiscal year ends on December 31; quarters end on Mar 31, Jun 30 and Sep 30). Net profit is the share belonging to the company's owners. Total net income differs from net profit to the company's owners: Total net income was $7,069 million. Noncontrolling holders in subsidiaries took $337 million, leaving $6,732 million for RTX shareowners.

Download RTX's yearly and quarterly numbers (CSV, with source ids)

Learn: Stock-based compensation and dilution: pay that becomes shares

Sources (12)
Next: What they said, and what happened

07Who runs it

Who runs RTX, and did they deliver?

  • Christopher T. Calio

    Chairman, Chief Executive Officer and President · since 2024

    CEO since May 2024 and Chairman since April 2025; earlier President of Pratt & Whitney.

  • Neil G. Mitchill, Jr.

    Executive Vice President and Chief Financial Officer · since 2021

  • Troy Brunk

    President, Collins Aerospace · since 2024

  • Shane G. Eddy

    President, Pratt & Whitney · since 2022

    To step down on Jan 1, 2027; Jill Albertelli is to succeed him.

  • Philip J. Jasper

    President, Raytheon · since 2024

What they said, and what happened

3 delivered · 2 too early to tell

  1. Said on Jan 28, 2025

    RTX said on Jan 28, 2025 that it expected FY2025 adjusted sales of $83.0–84.0 billion.

    What happened

    FY2025 sales were $88,603 million, above the range; adjusted sales were the same figure.

    Delivered

  2. Said on Jan 28, 2025

    RTX said on Jan 28, 2025 that it expected FY2025 adjusted EPS, its own measure, of $6.00–6.15.

    What happened

    Adjusted EPS was $6.29; GAAP diluted EPS was $4.96.

    Delivered

  3. Said on Jan 28, 2025

    RTX said on Jan 28, 2025 that it expected FY2025 free cash flowCash from operations minus spending on buildings and equipment. Learn more, its own measure, of $7.0–7.5 billion.

    What happened

    Free cash flow was $7,940 million.

    Delivered

  4. Said on Jan 27, 2026

    RTX said on Jan 27, 2026 that it expected FY2026 adjusted sales of $92.0–93.0 billion.

    What happened

    RTX raised the range in April, July and October 2026, to $97.0–97.5 billion on Oct 20. Sales in the first nine months of FY2026 were $71,749 million.

    Too early to tell

  5. Said on Jul 23, 2026

    RTX agreed on Jun 19, 2026 to sell Blue Canyon Technologies, part of Raytheon, for about $0.6 billion, subject to regulatory approvals.

    What happened

    Held for sale and not closed as of the Q3 FY2026 10-Q.

    Too early to tell
Sources (9)
Next: What could go wrong

08What could go wrong

What could go wrong for RTX?

  • Concentration

    Governments pay about half the bills

    In FY2025 the US government paid 37.6% of RTX's sales, and foreign governments, directly or through the US government, another 14.5%. Defense budgets, contract funding and export approvals shape that work.

    Watch US defense appropriations and the government share of sales in the FY2026 10-K.

  • Execution

    GTF engine powder metal problem

    In 2023 Pratt & Whitney found a rare condition in powder metal used for some engine parts. It took a $2.9 billion charge, and the PW1100 GTF fleet needed accelerated inspections. RTX expects elevated A320neo aircraft on the ground through 2026.

    Watch The customer compensation accrual ($0.2 billion at Sep 30, 2026) and Pratt & Whitney's segment margin (6.6% in Q3 FY2026).

  • Demand

    Airbus and the airline cycle

    Airbus was about 14% of RTX's FY2025 sales and 29% of Pratt & Whitney's. The 10-K says the commercial aerospace industry is cyclical, and commercial customers paid 48.0% of FY2025 sales.

    Watch Commercial original equipment and aftermarket sales growth in each quarterly release.

  • Execution

    Fixed-price defense contracts

    Raytheon had $16,647 million of FY2025 sales from fixed-price contracts, where RTX bears cost overruns, and $11,245 million from cost-type contracts. Raytheon took a $0.6 billion contract termination charge in Q2 2024.

    Watch Raytheon's segment margin (14.1% in Q3 FY2026) and any contract charges.

  • Regulation

    New missile contracts depend on yearly funding

    Defense backlog rose from $119 billion to $164 billion in Q3 FY2026, including Tomahawk (about $23 billion) and AMRAAM ($14.3 billion) bookings. These are undefinitized contract actions, and their funding is subject to annual Congressional appropriations.

    Watch Congressional appropriations for these munitions and whether the contracts are definitized.

  • Legal

    Legal settlements and compliance monitor

    Under the October 2024 deferred prosecution agreements, an independent compliance monitor serves for three years. A State Department consent agreement from August 2024 also runs for three years, and the SEC's investigation of RTX's 2023 powder metal disclosures is ongoing.

    Watch Monitor reports, any breach findings and the outcome of the SEC investigation.

  • Other

    Customer bankruptcies

    Pratt & Whitney took a $363 million charge in Q3 FY2026, $0.20 of diluted EPS, for a customer bankruptcy, after about $0.1 billion in the first nine months of FY2025. The filings do not name the customers.

    Watch Further customer-bankruptcy charges in the quarterly releases.

  • Debt

    Debt

    Total debt was $37,379 million at Sep 30, 2026, and net debt $28,206 million. Net interest expense was $1,749 million in FY2025.

    Watch Debt repayments ($5,679 million due within a year at Sep 30, 2026) and the S&P and Moody's ratings.

Sources (6)
Next: Supporters vs. critics

09Both sides

What do supporters and critics point to?

Facts each side points to. We don't say which side is right.

What supporters point to

  • Backlog rose from $268 billion at Dec 31, 2025 to about $340 billion at Sep 30, 2026, with defense backlog at $164 billion.
  • Sales rose from $64,388 million in FY2021 to $88,603 million in FY2025, and Q3 FY2026 sales were up 11.1% from a year earlier.
  • Free cash flow was $7,940 million in FY2025, up from $4,534 million in FY2024, and RTX raised its FY2026 outlook in April, July and October 2026.
  • S&P Global and Moody's both moved RTX's rating outlook to positive in 2026, at BBB+ and Baa1.

What critics point to

  • Net income of $6,732 million in FY2025 included $1,182 million of non-operating pension income and about $0.3 billion of gains on business sales.
  • The powder metal problem cost a $2.9 billion charge in 2023, and RTX expects elevated A320neo aircraft on the ground through 2026.
  • Funding for the new Tomahawk and AMRAAM contracts behind the Q3 FY2026 backlog jump is subject to annual Congressional appropriations.
  • Goodwill and intangible assets were $85,188 million, 49.8% of total assets, at Dec 31, 2025.
  • Raytheon Company is under deferred prosecution agreements from October 2024, with an independent compliance monitor for three years.
Next: What to watch next

10What to watch next

What should you watch next at RTX?

Next event

Q4 FY2026 results

Date not announced yet.

  • Funding for the new missile contracts

    Defense backlog reached $164 billion at Sep 30, 2026; funding for the new Tomahawk and AMRAAM contracts depends on annual Congressional appropriations.

  • GTF aircraft back in service

    RTX expects elevated A320neo aircraft on the ground through 2026; its customer compensation accrual was $0.2 billion at Sep 30, 2026.

  • FY2026 results against the October outlook

    RTX said on Oct 20, 2026 that it expects FY2026 adjusted sales of $97.0–97.5 billion; sales in the first nine months were $71,749 million.

  • Pratt & Whitney leadership change

    Shane Eddy is to step down as Pratt & Whitney's president on Jan 1, 2027, and Jill Albertelli is to succeed him.

Next: Key facts

11Key facts

Key facts about RTX

What does RTX do?
RTX is an aerospace and defense company with three segments: Collins Aerospace (aircraft systems), Pratt & Whitney (jet engines) and Raytheon (missiles, radars and air defense). Its sales were $88,603 million in FY2025.
How does RTX make money? What is its business model?
RTX makes money by selling engines, aircraft systems and defense systems, and then spare parts, repairs and support for them. In FY2025 products brought in $64,171 million and services $24,432 million of RTX's $88,603 million of sales.
Is RTX profitable?
Yes. RTX's net income was $6,732 million in FY2025, up from $3,195 million in FY2023, when a $2.9 billion charge for a powder metal problem in engine parts cut profit. RTX's net income was $2,583 million in Q3 FY2026.
What is RTX's revenue by segment?
In FY2025 RTX's Pratt & Whitney segment had sales of $32,916 million, Collins Aerospace $30,196 million and Raytheon $28,043 million. These segment figures include sales between segments, so they add to more than RTX's $88,603 million total.
Who are RTX's customers?
In FY2025 the US government paid 37.6% of RTX's sales, foreign military sales through the US government 7.6%, foreign governments buying directly 6.9%, and commercial customers such as Airbus, Boeing and airlines 48.0%. Airbus alone was about 14% of RTX's FY2025 sales.
Who owns RTX?
RTX has one class of common stock, with 1,349.4 million shares at Sep 30, 2026. RTX's 2026 proxy lists BlackRock with 7.8% and State Street with 6.8% as of Dec 31, 2025, and Vanguard Capital Management reported 7.47% at Mar 31, 2026. RTX's directors and executive officers owned less than 1%.
What does RTX's Collins Aerospace segment sell?
RTX's Collins Aerospace segment makes aircraft systems such as power systems, flight controls, landing gear, avionics and cabin interiors, and sells spare parts and repairs for them. Collins Aerospace's sales were $30,196 million in FY2025, and Boeing and Airbus together were about 16% of them.
What does RTX's Pratt & Whitney segment sell?
RTX's Pratt & Whitney segment makes and services jet engines, including the GTF engine family that powers more than 2,600 aircraft and the F135 engine for the F-35 fighter. Pratt & Whitney's sales were $32,916 million in FY2025, of which services were $14,449 million.
What does RTX's Raytheon segment sell?
RTX's Raytheon segment makes missiles, interceptors, radars and air defense systems, such as Patriot, Tomahawk, AMRAAM and Standard Missile 6. Raytheon's sales were $28,043 million in FY2025, and its backlog was $130 billion at Sep 30, 2026.
Sources (5)
Next: Go deeper

Terms on this page

Each explains the term in plain English, with the same number from other companies on Cityfort.

Go deeper

More detail from the same filings. Open any section.

12What it sells

12What it sells

What does RTX sell?

RTX builds parts of airplanes and weapons. It makes jet engines, the systems inside aircraft, and missiles and radars. After a sale it keeps earning from spare parts, repairs and support, often for decades.

  • Jet engines (Pratt & Whitney)

    Engines for passenger jets, business jets, helicopters and military aircraft, plus their repair and maintenance. The GTF engine family powers more than 2,600 aircraft, and the F135 powers every F-35 fighter. Sales were $32,916 million in FY2025.

  • Aircraft systems (Collins Aerospace)

    Power systems, flight controls, landing gear, wheels and brakes, avionics, cabin seating and galleys, and spare parts and repairs for them, for plane makers, airlines and militaries. Sales were $30,196 million in FY2025.

  • Missiles and defense systems (Raytheon)

    Missiles and interceptors such as Tomahawk, AMRAAM, Standard Missile 6 and Javelin, the Patriot air and missile defense system, and radars and sensors. Sales were $28,043 million in FY2025.

What it does

  • Does: Sells engines and aircraft systems to Airbus, Boeing and other plane makers, and spare parts and repairs to airlines.
  • Does: Builds missiles, radars and air defense systems for the US government and allied governments.
  • Does: Shares some engine programs with partner companies, which take a share of the sales and costs.

What it does not do

  • Does not: Build whole airplanes: it supplies engines and systems to the companies that do.
  • Does not: Own Carrier or Otis: United Technologies, as RTX was then called, spun them off on Apr 3, 2020.
  • Does not: Get all its money from defense: commercial customers paid 48.0% of FY2025 sales.
Sources (1)
13How the money flows

13How the money flows · FY2025

How does money flow through RTX?

Money in

  • Product sales (engines, aircraft systems, missiles)$64.2B
  • Service sales (repairs, maintenance, support)$24.4B
  • Non-service pension income (not from customers)$1.2B
  • Other income, including about $0.3 billion of gains on business sales$413M

The company

RTX

$90.2B came in

Money out

  • Cost of sales (materials, suppliers, labor and partners' shares)$70.8B
  • Selling, general and administrative costs$6.1B
  • Company-funded research and development$2.8B
  • Interest on debt, net$1.7B
  • Income tax$1.7B
  • Minority owners' share of subsidiaries' profit$337M
  • Net income for RTX shareowners$6.7B
  1. In FY2025 customers paid RTX $64.2 billion for products and $24.4 billion for services.
  2. Making and servicing them cost $70.8 billion; overheads took $6.1 billion and research $2.8 billion.
  3. That left operating profit of $9.3 billion, or $10.50 per $100 of sales.
  4. Pension income outside operations added $1.2 billion; interest took $1.7 billion and tax $1.7 billion.
  5. After $0.3 billion for minority owners of some subsidiaries, RTX shareowners had $6.7 billion of net income.
Sources (1)
14What it needs to run

14What it needs to run

What does RTX need to run?

  • Engineers and skilled workers

    About 180,000 employees at the end of FY2025, including about 54,000 engineering professionals. About 32,000 were represented by unions. The 10-K says the defense business needs staff with security clearances for classified programs.

  • Engine program partners

    Pratt & Whitney shares the sales, costs and risks of commercial engine programs with partners, whose interests ranged from 13% to 49% at Dec 31, 2025. On the IAE program, with MTU Aero Engines and Japanese Aero Engines Corp, Pratt & Whitney's program share is 61%.

  • Research and development

    Company-funded research and development was $2,807 million in FY2025: Collins Aerospace $1,301 million, Pratt & Whitney $1,034 million and Raytheon $483 million.

  • Factories and repair shops

    Capital spending was $2,627 million in FY2025, and fixed assets were $16,868 million at Dec 31, 2025. The GTF engine repair network grew to 21 facilities in 2025.

Sources (2)
15Where it sells

15Where it sells · FY2025

Where does RTX sell?

  • United States53%
  • Europe21%
  • Asia Pacific16%
  • Middle East and North Africa4%
  • Other6%
Sources (1)
16Where growth could come from

16Where growth could come from

Where could RTX's growth come from?

RTX said in its Oct 20, 2026 earnings release that it expects FY2026 adjusted sales of $97.0–97.5 billion, adjusted EPS of $7.65–7.75 and free cash flow of $9.0–9.2 billion, all its own measures. On Jan 27, 2026 the ranges were $92.0–93.0 billion, $6.60–6.80 and $8.25–8.75 billion; RTX raised the sales and EPS ranges in April, July and October 2026 and the free cash flow range in July and October. GAAP diluted EPS for the first nine months of FY2026 was $4.96, against adjusted EPS of $5.93.
Management statement, Oct 20, 2026. Reported as a statement, not our forecast.

  • Commercial aftermarket (parts and repairs)

    Working

    +21% P&W commercial aftermarket, Q3 FY2026

    Pratt & Whitney's commercial aftermarket sales rose 21% and Collins Aerospace's aftermarket sales 9% in Q3 FY2026 from a year earlier, as RTX reports them. Services were $24,432 million of FY2025 sales.

    Status: Working, on track against what the company said.

  • Defense orders

    New

    $164B defense backlog, Sep 30, 2026

    Defense backlog rose from $119 billion at Jun 30, 2026 to $164 billion at Sep 30, 2026. Raytheon booked $52 billion in Q3 FY2026, including Tomahawk (about $23 billion) and AMRAAM ($14.3 billion). These are undefinitized contract actions, and their funding is subject to annual Congressional appropriations.

    Status: New, recently announced.

  • GTF fleet recovery

    Mixed

    $0.2B compensation accrual left, Sep 30, 2026

    RTX's accrual for compensating GTF customers fell from $0.7 billion at Dec 31, 2025 to $0.2 billion at Sep 30, 2026. RTX expects elevated A320neo aircraft on the ground through 2026.

    Status: Mixed, partly on track.

  • New aircraft equipment

    Mixed

    +23% Collins vs −5% P&W commercial OE, Q3 FY2026

    In Q3 FY2026 Collins Aerospace's sales of equipment for new commercial aircraft rose 23% from a year earlier, while Pratt & Whitney's commercial original equipment sales fell 5%, as RTX reports them.

    Status: Mixed, partly on track.

  • Selling smaller businesses

    Working

    $0.6B Blue Canyon sale agreed

    RTX sold its actuation and flight control business in July 2025 (gross proceeds $1.8 billion) and Simmonds Precision Products in October 2025 (about $0.8 billion). On Jun 19, 2026 it agreed to sell Blue Canyon Technologies for about $0.6 billion, subject to regulatory approvals.

    Status: Working, on track against what the company said.

Status compares progress with what the company itself said it would do: Working = on track against what the company said; Mixed = partly on track; Behind = behind the company's own plan; New = recently announced; Early = too early to judge.

Sources (6)
17The company's own measures (non-GAAP)

17The company's own measures · FY2025

What do RTX's own measures show?

Adjusted (non-GAAP) figures and operating measures are RTX's own, shown next to the official (GAAP) number, for FY2025 unless the row says otherwise.

  • Official (GAAP): Diluted EPS

    $4.96

    Company's own measure: Adjusted EPS

    $6.29

    Leaves out acquisition accounting adjustments (mostly amortization of acquired intangible assets), restructuring and what RTX calls net significant and/or non-recurring items. Q3 FY2026 adjusted EPS of $2.26 kept in $0.25 from tariff refunds; GAAP diluted EPS was $1.89.

  • Official (GAAP): Operating profit

    $9.3B

    Company's own measure: Adjusted operating profit

    $11.4B

    Leaves out the same items as adjusted EPS, chiefly about $2.0 billion a year of acquisition accounting adjustments.

  • Official (GAAP): Operating profit

    $9.3B

    Company's own measure: Total segment operating profit

    $10.7B

    The three segments' operating profit added up, as RTX reports it. It leaves out acquisition accounting adjustments (−$2,005 million), the FAS/CAS operating adjustment (+$753 million: the gap between pension cost under government cost accounting standards and under GAAP), corporate costs (−$248 million) and eliminations (+$54 million). Collins Aerospace earned 45.8% of it, Raytheon 30.0% and Pratt & Whitney 24.2% (Cityfort calculation from FY2025 10-K).

  • Official (GAAP): Net cash from operating activities

    $10.6B

    Company's own measure: Free cash flow

    $7.9B

    Cash from operations minus capital expenditures ($2,627 million), RTX's definition and the same as this page's. RTX labels it a non-GAAPThe company's own "adjusted" numbers, not the official (GAAP) ones. Always read them next to the official figure. Learn more measure.

  • Official (GAAP): Remaining performance obligations (the same figure, per RTX)

    $268.0B

    Company's own measure: Backlog

    $268.0B

    Signed work not yet recognized as sales, about $268 billion at Dec 31, 2025 ($161 billion commercial, $107 billion defense). At Sep 30, 2026 it was about $340 billion ($176 billion commercial, $164 billion defense), with about 25% expected as sales within 12 months.

These are the company's own measures, defined by the company. They are not comparable across companies, and they are not added together. Each sits beside the nearest official (GAAP) figure.

Learn: Non-GAAP measures: what a company's "adjusted" numbers leave out

Sources (4)
18Financial strength and debt

18Financial strength · Sep 30, 2026

How much debt does RTX have?

Net debt of $28,206 million on Sep 30, 2026 equals about 2.7 years of FY2025 operating cash flow ($10,567 million).
  • Total debt$37.4B
  • Cash and investments$9.2B
  • Net debt (debt minus cash)$28.2B
  • Net worth (shareholders' money)$69.3B
Debt to equity
0.54×
$ of debt for every $1 of shareholders' money
Interest cover
5.3×
how many times operating profit covers interest
  • Total debt on Sep 30, 2026 was $37,379 million, as RTX states it: short-term borrowings of $210 million, long-term debt due within a year of $5,679 million and other long-term debt of $31,490 million.
  • Net debt = $37,379 million − $9,173 million of cash = $28,206 million (Cityfort calculation from Q3 FY2026 earnings release).
  • Debt to equity = $37,379 million ÷ shareowners' equity of $69,250 million = 0.54 (Cityfort calculation from Q3 FY2026 earnings release). RTX states its debt at 35% of total capitalization.
  • Interest cover = FY2025 operating profit of $9,300 million ÷ net interest expense of $1,749 million = 5.3 (Cityfort calculation from FY2025 10-K).
  • Total debt fell from $43,827 million at Dec 31, 2023, after borrowing for a $10 billion share repurchase in 2023, to $37,904 million at Dec 31, 2025.
  • Goodwill and intangible assets from past acquisitions were $85,188 million, 49.8% of total assets, at Dec 31, 2025 (Cityfort calculation from FY2025 10-K).
  • A $5.0 billion revolving credit facility was undrawn and no commercial paper was outstanding at Dec 31, 2025.
Sources (5)
19Who owns it

19Who owns it · ownership as of Mar 3, 2026

Who owns RTX?

RTX has one class of common stock, one vote per share, and no controlling holder. Directors and executive officers as a group (19 people) owned 1,406,743 shares on Feb 17, 2026, about 0.10% of the 1,345,974,220 shares on the record date (Cityfort calculation from the 2026 proxy statement).
Officers and directors (as a group), shares
0.1%
Share classes
RTX share classes: shares outstanding (millions) and votes per share
ClassShares (millions)Votes per shareHeld by% of shares% of votesTraded
Common stock (1,349,440,548 shares at Sep 30, 2026, from the Q3 FY2026 10-Q cover, up from 1,345,974,220 on the proxy record date of Mar 3, 2026. No preferred stock is issued.)1,349.41Public and institutions100.0%100.0%Yes
Holders of 5% or more
RTX holders of 5% or more, from the proxy statement or later Schedule 13G filings; each row shows its own date
HolderSharesVotesAs ofSourceNote
Vanguard Capital Management7.5%–Apr 30, 2026S20, S19, S18100,563,387 shares at Mar 31, 2026, from its Schedule 13G. The 2026 proxy lists The Vanguard Group with 9.3% as of Dec 31, 2025; The Vanguard Group then reported 0 shares after an internal realignment on Mar 13, 2026.
BlackRock7.8%–Dec 31, 2025S18104,920,146 shares as of Dec 31, 2025, as the 2026 proxy lists them from BlackRock's Schedule 13F.
State Street6.8%–Dec 31, 2025S1891,884,588 shares as of Dec 31, 2025, as the 2026 proxy lists them from State Street's Schedule 13F. A State Street subsidiary is trustee of the RTX Savings Plan Master Trust.
Capital Research Global Investors3.9%–May 14, 2026S21, S1852,377,687 shares at Mar 31, 2026, from its Schedule 13G/A. The 2026 proxy listed 76,140,352 shares (5.7%) as of Dec 31, 2025.

From the company's proxy statement (DEF 14A), later Schedule 13G filings and the share counts on its latest annual or quarterly report. Each holder row shows the date of its own filing.

Insider trades · Form 4 data as of Nov 6, 2026

What did RTX's insiders report trading?

RTX's insiders made 39 Form 4A filing an insider must make within two business days of buying or selling the company's shares. Learn more filings in the 12 months to Nov 6, 2026.

They reported no purchases and 19 sales (201,499 shares) in the open market or privately (codes P and S).

None of the sales were on forms with the Rule 10b5-1 plan box checked.

The same filings report 47 other share transactions (F: 17, M: 14, A: 9, D: 7).

They also report 35 transactions in options, stock units or other derivatives.

Insiders are a company's officers, directors and owners of more than 10% of a class of its shares. Most changes in their holdings must be reported to the SEC on a Form 4 within two business days. Source: SEC Form 4 filings on EDGAR.

P
a purchase in the open market or privately
S
a sale in the open market or privately
A
a grant, award or other acquisition from the company under Rule 16b-3
D
shares handed back to the company under Rule 16b-3
F
shares withheld or handed over to pay an exercise price or tax when an award is received, exercised or vests
M
exercise or conversion of an option or other derivative, exempt under Rule 16b-3

Code meanings: General Instruction 8 of Form 4 (SEC).

The latest 25 of 66 transactions
RTX's insider transactions reported on Form 4 in the 12 months to Nov 6, 2026, newest filing first
InsiderTrade dateCodeSharesPriceHeld after10b5-1 boxFiling
Williams Dantaya MEVP & Chief HR OfficerOct 30, 2026M17,000 A$94.0433,930.4601Not checkedForm 4, filed Nov 3, 2026
Williams Dantaya MEVP & Chief HR OfficerOct 30, 2026D7,929 D$201.6226,001.4601Not checkedForm 4, filed Nov 3, 2026
Williams Dantaya MEVP & Chief HR OfficerOct 30, 2026S9,071 D$201.695116,930.4601Not checkedForm 4, filed Nov 3, 2026
DaSilva Kevin GSenior VP and TreasurerOct 1, 2026M143 A$0.0020,245.5787Not checkedForm 4, filed Oct 5, 2026
DaSilva Kevin GSenior VP and TreasurerOct 1, 2026F143 D$185.0120,102.5787Not checkedForm 4, filed Oct 5, 2026
Johnson Amy LSenior VP and ControllerOct 1, 2026M84 A$0.0011,111.1119Not checkedForm 4, filed Oct 5, 2026
Johnson Amy LSenior VP and ControllerOct 1, 2026F84 D$185.0111,027.1119Not checkedForm 4, filed Oct 5, 2026
Maharajh RamsaranEVP and General CounselAug 18, 2026M20,069 A$71.6233,253Not checkedForm 4, filed Aug 19, 2026
Maharajh RamsaranEVP and General CounselAug 18, 2026D6,414 D$224.0726,839Not checkedForm 4, filed Aug 19, 2026
Maharajh RamsaranEVP and General CounselAug 18, 2026S13,655 D$223.915313,184Not checkedForm 4, filed Aug 19, 2026
DaSilva Kevin GSenior VP and TreasurerJul 28, 2026S2,250 D$216.93220,099.1004Not checkedForm 4, filed Jul 28, 2026
Atkinson Tracy ADirectorJul 27, 2026S2,295 D$218.04971,785Not checkedForm 4, filed Jul 28, 2026
DaSilva Kevin GSenior VP and TreasurerJul 24, 2026S4,760 D$213.6222,349.1004Not checkedForm 4, filed Jul 28, 2026
Brunk Troy DPresident, Collins AerospaceJul 24, 2026M12,600 A$97.6523,220.1118Not checkedForm 4, filed Jul 28, 2026
Brunk Troy DPresident, Collins AerospaceJul 24, 2026S1,811 D$210.64521,409.1118Not checkedForm 4, filed Jul 28, 2026
Brunk Troy DPresident, Collins AerospaceJul 24, 2026D5,854 D$210.1715,555.1118Not checkedForm 4, filed Jul 28, 2026
Brunk Troy DPresident, Collins AerospaceJul 24, 2026S6,746 D$210.208,809.1118Not checkedForm 4, filed Jul 28, 2026
Williams Dantaya MEVP & Chief HR OfficerFeb 23, 2026S12,713 D$202.832616,749.4821Not checkedForm 4, filed Feb 23, 2026
Calio Christopher T.Director, Chairman, President and CEOFeb 19, 2026M31,199 A$76.00165,440.18Not checkedForm 4, filed Feb 23, 2026
Calio Christopher T.Director, Chairman, President and CEOFeb 19, 2026S1,041 D$205.255164,399.18Not checkedForm 4, filed Feb 23, 2026
Calio Christopher T.Director, Chairman, President and CEOFeb 19, 2026S11,420 D$204.7037152,979.18Not checkedForm 4, filed Feb 23, 2026
Calio Christopher T.Director, Chairman, President and CEOFeb 19, 2026D11,604 D$204.33141,375.18Not checkedForm 4, filed Feb 23, 2026
Calio Christopher T.Director, Chairman, President and CEOFeb 19, 2026S51,107 D$203.568990,268.18Not checkedForm 4, filed Feb 23, 2026
Maharajh RamsaranEVP and General CounselFeb 19, 2026S15,124 D$204.649813,184Not checkedForm 4, filed Feb 23, 2026
Mitchill Neil G. JREVP, Chief Financial OfficerFeb 19, 2026M10,000 A$76.0093,087Not checkedForm 4, filed Feb 23, 2026

Shares: A = acquired, D = disposed of. A price the filing gives only in a footnote shows as “See filing”. The 10b5-1 box is checked when at least one trade on the form was made under a Rule 10b5-1 plan. A Form 4/A replaces the form it amends. See all of RTX's Form 4 filings on EDGAR.

Learn: How to read a proxy statement (DEF 14A): Nvidia's 2026 proxy · Form 4 insider filings: who files, the codes and the footnotes · Rule 10b5-1 trading plans: how insiders pre-schedule their trades

Sources (6)
20What it does with profit

20What it does with profit

What does RTX do with its profit?

Dividends declared per share rose every year from $2.005 in FY2021 to $2.67 in FY2025, and $2.14 was declared in the first nine months of FY2026. RTX repurchased no shares in the first nine months of FY2026; about $0.6 billion remained under its $11 billion program at Sep 30, 2026.

Dividend per share

$2.67FY2025

Dividend paid for each share, by financial year.

$ per share

See the numbers
Dividend per share ($ per share)
YearDividend per shareShare of profit paid out
FY2021$2.01–
FY2022$2.16–
FY2023$2.32–
FY2024$2.48–
FY2025$2.67–

  • Buyback · Dec 31, 2021

    Share repurchases in FY2021

    $2.3B

  • Buyback · Dec 31, 2022

    Share repurchases in FY2022

    $2.8B

  • Buyback · Dec 31, 2023

    Share repurchases in FY2023, including a $10 billion accelerated repurchase paid on Oct 26, 2023 and funded with borrowing

    $12.9B

  • Buyback · Dec 31, 2024

    Share repurchases in FY2024

    $444M

  • Buyback · Dec 31, 2025

    Share repurchases in FY2025

    $50M

Sources (2)
21Governance signals

21Governance signals

What do RTX's governance filings show?

Auditor
PricewaterhouseCoopers LLP, since 1947
Auditor changes
None in the period covered
Audit qualifications
None reported
Related-party dealings
The 2026 proxy reports 2025 payments of about $7.4 million to State Street, a holder of more than 5%, as trustee and investment manager, and about $1.8 million to BlackRock, also a holder of more than 5%, for managing pension and savings plan assets. It also lists pay to relatives of the former Executive Chairman who work at RTX.
Credit rating
S&P Global / Moody's (as stated in the Q3 FY2026 10-Q) BBB+ / Baa1 (Positive (since May 2026) / Positive (since Feb 2026)), Oct 20, 2026

A credit rating describes the company's ability to repay debt. It is not a rating of the share.

Flags to know about

  • regulatory · Oct 16, 2024

    Deferred prosecution agreements and settlements, October 2024

    RTX's 8-K says its subsidiary Raytheon Company entered two deferred prosecution agreements with the Justice Department on Oct 15 and 16, 2024. They resolve investigations into payments tied to certain Middle East contracts since 2012 and into defective pricing claims on certain legacy contracts. The terms include a $282 million criminal penalty and forfeiture, a $147 million criminal penalty, a $428 million False Claims Act settlement and a $102 million payment under an SEC order. The 10-K says an independent compliance monitor serves for three years.

  • regulatory · Aug 29, 2024

    State Department consent agreement, August 2024

    RTX entered a consent agreement with the U.S. Department of State on Aug 29, 2024 to resolve alleged civil violations of the Arms Export Control Act and the International Traffic in Arms Regulations. It sets a $200 million civil penalty, $100 million of it suspended for remedial compliance, over a three-year term.

  • other · Oct 20, 2026

    Powder metal lawsuits and SEC investigation

    RTX's Q3 FY2026 10-Q says a putative securities class action about the powder metal matter was dismissed on Sep 12, 2025 and the plaintiffs appealed on Oct 14, 2025. Shareholder derivative suits are pending in Delaware. RTX has received SEC subpoenas in an SEC investigation of its 2023 powder metal disclosures, which the 10-Q calls ongoing. RTX says it does not expect the suits to have a material adverse effect.

  • other · Sep 24, 2025

    Ransomware incident at an airport software product

    RTX's 8-K says that on Sep 19, 2025 it became aware of a ransomware incident on systems supporting its MUSE passenger-processing software, which runs on customer networks at airports. RTX said the incident had not had, and was not reasonably expected to have, a material impact; its investigation was ongoing.

  • other · Mar 9, 2026

    Insiders' shares as collateral or hedged

    The 2026 proxy says RTX policy bars directors and executive officers from hedging RTX stock or using it as collateral for a loan.

  • disclosure

    What the filings do not show

    The 10-K and 10-Qs read for this page give commercial original equipment and aftermarket sales only as growth rates, not in dollars, and do not name the customer behind the $363 million bankruptcy charge in Q3 FY2026.

Sources (8)
22What the market paid

22What the market paid · price as of Nov 5, 2026

What did the market pay for RTX on Nov 5, 2026?

Price as of Nov 5, 2026 (shown for education; prices change daily).

Closing price of $191.88 on Nov 5, 2026, from Nasdaq's historical price table for RTX. RTX's shares are listed on the NYSE. Market value (Cityfort calculation from the Nov 5, 2026 closing price and the Q3 FY2026 10-Q) = $191.88 × 1,349,440,548 shares at Sep 30, 2026 = $258,931 million. P/E = $191.88 ÷ $6.16 of diluted EPS in the four quarters to Sep 30, 2026 ($1.19 + $1.51 + $1.57 + $1.89) = 31.1 (Cityfort calculation from the Q4 FY2025 to Q3 FY2026 earnings releases): what buyers paid for each dollar of that year's profit per share. P/B = market value ÷ shareowners' equity of $69,250 million at Sep 30, 2026 = 3.74.

Share price
$191.88
Market value (market cap)
$258.9B
P/E
31.1×
P/B
3.7×

More price-based ratios · as of Nov 5, 2026

Each ratio divides a number from the company's filings by the market value or share price on Nov 5, 2026. Prices change daily, so these ratios do too.

Shares used for the market value: 1,349.4 million ($191.88 × 1,349.4 million shares ≈ $258.9B). Source: Form 10-Q, third quarter 2026 (ended Sep 30, 2026); Proxy statement (DEF 14A) for the April 30, 2026 annual meeting; Form 10-K, fiscal year 2025 (ended Dec 31, 2025)

Source: RTX historical prices, Oct 1 to Nov 5, 2026 (Nasdaq.com historical table; RTX is listed on the NYSE); Form 10-Q, third quarter 2026 (ended Sep 30, 2026); Third quarter 2026 earnings release (Form 8-K, Exhibit 99) and 3 more

Sources (8)
23How it got here

23How it got here

How did RTX get here?

  1. 2020

    Business-model change

    Carrier and Otis spun off; Raytheon merger

    On Apr 3, 2020 United Technologies spun off Carrier and Otis to its shareowners, then completed an all-stock merger with Raytheon Company and was renamed Raytheon Technologies.

  2. 2023

    Crisis

    Powder metal problem in GTF engines

    Pratt & Whitney found a rare condition in powder metal used for some engine parts. RTX cut FY2023 sales by $5.4 billion and took a $2.9 billion operating charge in Q3 2023.

  3. 2023

    Milestone

    Renamed RTX, three segments

    The company changed its name to RTX Corporation on Jul 17, 2023, and from Jul 1, 2023 reported three segments: Collins Aerospace, Pratt & Whitney and Raytheon.

  4. 2023

    Milestone

    $10 billion share repurchase

    RTX paid $10 billion on Oct 26, 2023 for an accelerated share repurchase, first receiving about 108.4 million shares, and funded it with borrowing.

  5. 2024

    Crisis

    Legal settlements

    RTX took a $0.9 billion charge in Q2 2024 for the resolution of certain legal matters. In August and October 2024 it entered a State Department consent agreement and, through Raytheon Company, two deferred prosecution agreements.

  6. 2025

    Milestone

    Smaller businesses sold

    RTX sold its actuation and flight control business (gross proceeds $1.8 billion) and Simmonds Precision Products (about $0.8 billion) in 2025, booking about $0.3 billion of gains.

  7. 2026

    Milestone

    Defense backlog jumps

    Raytheon booked $52 billion in Q3 FY2026, including Tomahawk and AMRAAM orders, and RTX's total backlog reached about $340 billion at Sep 30, 2026.

Sources (8)

24Sources and changes

Where every number on this page comes from

Sources (27 documents)
  1. S1Form 10-K, fiscal year 2025 (ended Dec 31, 2025) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Feb 6, 2026
  2. S2Form 10-K, fiscal year 2024 (ended Dec 31, 2024) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Feb 3, 2025
  3. S3Form 10-K, fiscal year 2023 (ended Dec 31, 2023) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Feb 5, 2024
  4. S5Form 10-K, fiscal year 2021 (ended Dec 31, 2021) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Feb 11, 2022
  5. S6Form 10-Q, third quarter 2026 (ended Sep 30, 2026) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Oct 20, 2026
  6. S7Form 10-Q, second quarter 2026 (ended Jun 30, 2026) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Jul 23, 2026
  7. S8Form 10-Q, first quarter 2026 (ended Mar 31, 2026) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Apr 21, 2026
  8. S9Third quarter 2026 earnings release (Form 8-K, Exhibit 99) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Oct 20, 2026
  9. S10Second quarter 2026 earnings release (Form 8-K, Exhibit 99) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Jul 23, 2026
  10. S11First quarter 2026 earnings release (Form 8-K, Exhibit 99) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Apr 21, 2026
  11. S12Fourth quarter and full year 2025 earnings release (Form 8-K, Exhibit 99) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Jan 27, 2026
  12. S13Third quarter 2025 earnings release (Form 8-K, Exhibit 99) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Oct 21, 2025
  13. S14Second quarter 2025 earnings release (Form 8-K, Exhibit 99) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Jul 22, 2025
  14. S15First quarter 2025 earnings release (Form 8-K, Exhibit 99) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Apr 22, 2025
  15. S16Fourth quarter and full year 2024 earnings release (Form 8-K, Exhibit 99) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Jan 28, 2025
  16. S17Third quarter 2024 earnings release (Form 8-K, Exhibit 99) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Oct 22, 2024
  17. S18Proxy statement (DEF 14A) for the April 30, 2026 annual meeting · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Mar 9, 2026
  18. S19Schedule 13G/A No. 11, The Vanguard Group (event date Mar 13, 2026; reports 0 shares) · The Vanguard Group (SEC EDGAR) · Tier 1: company or exchange filing · Mar 27, 2026
  19. S20Schedule 13G, Vanguard Capital Management (event date Mar 31, 2026) · Vanguard Capital Management (SEC EDGAR) · Tier 1: company or exchange filing · Apr 30, 2026
  20. S21Schedule 13G/A No. 2, Capital Research Global Investors (event date Mar 31, 2026) · Capital Research Global Investors (SEC EDGAR) · Tier 1: company or exchange filing · May 14, 2026
  21. S22Form 8-K: deferred prosecution agreements, SEC order and False Claims Act settlement (Item 8.01) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Oct 16, 2024
  22. S23Form 8-K: Consent Agreement with the U.S. Department of State (Item 8.01) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Aug 30, 2024
  23. S24Form 8-K: Executive Chairman to step down; CEO elected Chairman (Item 5.02) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Feb 3, 2025
  24. S25Form 8-K: MUSE product cybersecurity incident (Item 8.01) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Sep 24, 2025
  25. S27Form 8-K: Pratt & Whitney president succession (Item 5.02) · RTX Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Sep 15, 2026
  26. S29RTX historical prices, Oct 1 to Nov 5, 2026 (Nasdaq.com historical table; RTX is listed on the NYSE) · Nasdaq, Inc. · Tier 1: company or exchange filing · Nov 5, 2026
  27. S30EDGAR company submissions, RTX Corp (CIK 0000101829): tickers, exchange, former names, filing list · U.S. SEC (data.sec.gov) · Tier 1: company or exchange filing · Nov 6, 2026
Changes to this page (v1 · Nov 6, 2026)
  1. v1 · Nov 6, 2026First version. (first version)

Numbers come only from tier 1 and tier 2 sources. Read how we research.

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Investing in securities involves risk, including loss of capital. Before making any investment decision, do your own research and consider consulting a registered investment adviser or other qualified professional.

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Cityfort publishes general educational content that explains how listed companies work. Cityfort is not registered with the US Securities and Exchange Commission or any state securities regulator as an investment adviser, and is not a broker-dealer or a member of FINRA. Cityfort does not provide investment, tax or legal advice, recommendations, ratings, price targets or any opinion on whether to buy, sell or hold any security. Nothing on the site is tailored to any person's circumstances.

All information is taken from publicly available sources, mainly company filings with the SEC, which are listed on each page with dates. We work to keep it accurate and correct errors publicly, but we do not guarantee that it is complete, accurate or up to date. Any market price or price-based ratio shown is dated, may be out of date by the time you read it, and is included only to explain concepts.

Statements by company management, including forward-looking statements and guidance, are reported as the company's statements, with their date and source; they are not our forecasts. Adjusted (non-GAAP) figures are the company's own measures and are shown next to the official (GAAP) figures.