RTX

A Pratt & Whitney PW1000G geared turbofan engine, its cowling open, on a transport stand inside an aircraft hangar, with a second engine and an airliner tail behind it.

RTX Raised Its Forecast on a $340 Billion Backlog. 25 Cents of Its Quarter Came From a Cost Recovery It Did Not Explain.

RTX said on Tuesday 20 October that third-quarter sales rose 11 per cent to $25.0 billion and adjusted earnings rose 33 per cent to $2.26 a share, and it lifted its 2026 adjusted EPS outlook to $7.65-$7.75 from $7.10-$7.25. The adjusted figure includes $0.25 a share from what the company calls an IEEPA cost recovery, and free cash flow fell 47 per cent to $2.1 billion.

By Margaret Holloway 1 hour ago

A grey Navy cruiser with hull number 70 at sea under a blue sky, a missile rising from its forward deck on a column of orange flame and billowing smoke.

Business

Raytheon Has a Contract Worth Up to $6.3 Billion for SM-3 Interceptors. The Pentagon Has Not Said How Many.

The Missile Defense Agency has awarded Raytheon a five-year contract for Standard Missile-3 Block IB interceptors with a base value of $4.4 billion, rising to $6.3 billion with two option years. It follows multi-year deals for the SM-6, the Tomahawk and AMRAAM.

By Cory Chamberlain October 8, 2026

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RTX Raised Its Forecast on a $340 Billion Backlog. 25 Cents of Its Quarter Came From a Cost Recovery It Did Not Explain.

Raytheon Has a Contract Worth Up to $6.3 Billion for SM-3 Interceptors. The Pentagon Has Not Said How Many.