RTX Backlog Reaches $289 Billion; Growth Potential to $460.5 Billion
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowRTX (NYSE: RTX) CEO Chris Calio highlighted a backlog of $289 billion during the Morgan Stanley conference, with potential growth to $460.5 billion by the end of 2028. The current backlog consists of $170 billion in commercial aerospace and $119 billion in defense. Notably, this figure does not include a recent $22.9 billion order for Tomahawk cruise missiles. The company plans to recognize only 25% of its RPO in the next year, with long-term contracts ensuring consistent revenue.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About RTX Corporation (RTX)
RTX (formerly Raytheon) is a major aerospace and defense contractor spanning Pratt & Whitney, Collins Aerospace, and Raytheon.
The Industrials sector covers manufacturers, aerospace, defense and transport companies tied to economic activity.
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- RTX (Raytheon) and Lockheed Martin Lead Defense Earnings Reports
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