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RTX lifts 2026 forecasts on aircraft repair, defense demand
['Mike Stone', 'Aishwarya Jain', 'July', 'Min Read']
Yahoo Finance
The Arlington, Virginia-based aerospace and defense company said its backlog rose 22% from a year earlier to $289 billion, including $170 billion in commercial aerospace orders and $119 billion in defense.
Sales at the Raytheon defense business rose 18% to $8.27 billion, helped by demand for air and missile defense systems, including Patriot, Standard and AMRAAM missiles.
RTX now expects 2026 adjusted sales to be in the range of $95 to $96 billion, up from $92.5 to $93.5 billion forecast earlier.
The company forecast full-year adjusted profit of $7.10 to $7.25 per share, up from its prior outlook of $6.70 to $6.90.
RTX reported second-quarter adjusted profit of $1.89 per share, compared with $1.56 a year earlier.