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RTX raises 2026 sales and profit outlook on maintenance and defense demand
The company said its backlog rose 22% year over year to $289 billion, including $170 billion in commercial aerospace orders.
RTX raised its 2026 adjusted sales and profit forecasts, citing steady demand for commercial aircraft maintenance and military systems, as airlines keep older jets in service longer and governments replenish weapons stockpiles, according to Reuters.
The Arlington, Virginia-based aerospace and defense company reported its backlog increased 22% from a year earlier to $289 billion, with $170 billion tied to commercial aerospace orders and $119 billion to defense. Reuters also noted that maintenance, repair and overhaul demand has held up as shortages of new commercial aircraft, driven by supply chain snags and delayed deliveries, have forced airlines to rely longer on older fleets.
RTX lifted its expected 2026 adjusted sales range to $95 billion to $96 billion from its prior forecast of $92.5 billion to $93.5 billion. It also projected full-year adjusted profit of $7.10 to $7.25 per share, up from the earlier outlook of $6.70 to $6.90, while analysts expected $94.08 in sales and $6.92 in earnings per share, according to LSEG data compiled by Reuters.
By business unit, Reuters reported Pratt & Whitney sales rose 16% to $8.89 billion, while Raytheon defense sales increased 18% to $8.27 billion on demand for air and missile defense systems including Patriot, Standard and AMRAAM. RTX reported second-quarter adjusted profit of $1.89 per share, compared with $1.56 a year earlier.