RTX changes
Pick any two versions below to diff them.
- Price
- $193.92 → $201.29(+3.8%)
- Discount category
- Close to intrinsic value → Below intrinsic value
- Balance sheet
- Cash: $9.2B Debt: $37.4B Net debt: $28.2B Interest cover: 7.3× Undrawn credit line: $5.0B, to August 2028 Debt due within 12 months: $5.9B Ratings: S&P BBB+ (positive outlook), Moody's Baa1 (positive outlook) RTX funds itself with unsecured notes of the parent company and with cash from its three segments. At September 30, 2026, total debt was $37.4 billion: long-term debt of $31.5 billion, a current part of $5.7 billion and short-term borrowings of $0.2 billion. Cash was $9.2 billion at September 30, 2026, up from $8.3 billion at June 30, 2026. Free cash flow was $2.1 billion in Q3 2026. Interest cover is operating income divided by net interest expense for the first nine months of 2026. The $5.0 billion credit line is the last figure from the Q2 2026 filing. In May 2026, S&P changed its outlook to positive, and in February 2026, Moody's changed its outlook to positive. RTX raised its 2026 free cash flow outlook to $9.0 to $9.2 billion on October 20, 2026. The sale of Blue Canyon Technologies for $620 million, agreed removed: in July added: on June 19, 2026, will add cash when it closes. As of Sep 30, 2026.
- Recent events
- Oct 20, 2026: RTX reported Q3 2026 results. Sales were $25.0 billion, up 11%, and up 12% organically. Adjusted EPS was $2.26, up 33%, and this included $0.25 from the recovery of IEEPA tariff costs. Free cash flow was $2.1 billion. New awards were more than $81 billion, and backlog reached $340 billion: $176 billion commercial and $164 billion defense. Pratt & Whitney took a $363 million charge for a customer bankruptcy. RTX raised its 2026 outlook to adjusted sales of $97.0 to $97.5 billion, organic growth of 10% to 11%, adjusted EPS of $7.65 to $7.75 and free cash flow of $9.0 to $9.2 billion. Oct 8, 2026: Raytheon won a multi-year contract for SM-3 Block IB interceptors, valued at up to $6.3 billion. Oct 1, 2026: Raytheon won a five-year contract from the US Navy for Standard Missile-6 interceptors, with two option years, valued at up to $24.4 billion. Sep 29, 2026: RTX said it will report Q3 2026 results on October 20, 2026, before the market opens. Sep 28, 2026: RTX announced a five-year contract, with two option years, for AMRAAM air-to-air missiles, valued at up to $20.7 billion. The Pentagon signed it on September 25. It builds on a February 2026 framework agreement for annual production of at least 1,900 AMRAAM missiles. Sep 22, 2026: Defense stocks fell after a Reuters report that Iran offered to reopen the Strait of Hormuz if the US eases military pressure. RTX fell about 3% in morning trading. It had fallen about 10% in the month before. Sep 15, 2026: RTX named Jill Albertelli president of Pratt & Whitney from January 1, 2027. She replaces Shane Eddy, who retires. She led Pratt & Whitney Military Engines and the F135 engine program. Jul 23, 2026: RTX reported Q2 2026 results. Sales were $24.7 billion, up 14%, and up 16% organically. Adjusted EPS was $1.89, up 21%. Free cash flow was $2.9 billion. Backlog reached $289 billion, up 22% from a year earlier. RTX raised its 2026 outlook to adjusted sales of $95.0 to $96.0 billion, adjusted EPS of $7.10 to $7.25 and free cash flow of $8.50 to $8.75 billion. removed: It also added: On June 19, 2026, it had agreed to sell Raytheon's Blue Canyon Technologies business for $620 million. Apr 21, 2026: RTX reported Q1 2026 results. Sales were $22.1 billion, up 9%. Adjusted EPS was $1.78, up 21%. Backlog was $271 billion. RTX raised its 2026 outlook for adjusted sales and adjusted EPS.