Oct 20 (Reuters) – RTX raised its full-year profit and revenue forecasts on Tuesday as sustained demand for commercial aerospace services and military programs pushed its backlog to a record $340 billion and lifted third-quarter results.
Shares of the Pratt & Whitney and Raytheon parent rose 3% before the bell.
The company now expects 2026 adjusted earnings per share of $7.65 to $7.75, up from its prior forecast of $7.10 to $7.25.
It also raised its sales forecast range to $97 billion to $97.5 billion, from $95 billion to $96 billion.
“Demand for our products remains robust with over $81 billion of new commercial and defense awards, resulting in a record backlog of $340 billion,” CEO Chris Calio said.
This adds to the strong performance streak of major US aerospace and defense contractors, supported by robust airline maintenance spending, growing demand for aircraft engines and parts and sustained military spending amid heightened geopolitical tensions.
Quarterly revenue at Collins Aerospace rose 10% on a 23% jump in commercial original equipment sales, while revenue at Pratt & Whitney increased 10%, helped by a 21% rise in commercial aftermarket sales.
Raytheon sales climbed 14%, driven by higher volume in naval programs and land and air defense systems, including Patriot, Standard Missile, and Tomahawk.
RTX’s quarterly adjusted profit came in at $2.26 per share, compared with analysts’ average estimate of $1.78 per share, according to data compiled by LSEG.
For the quarter ended September 30, sales increased 11% to $24.97 billion, compared with estimates of $24.08 billion.
(Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Maju Samuel)
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