RTX Corporation has delivered four consecutive quarterly earnings beats averaging 13.1% above estimates with strong price momentum in a breakout pattern, but below-average business quality scores and single-source foreign supplier concentration risk constrain the risk/reward for new buyers at current prices.
Thesis pillars
- Four Quarter Earnings Beat Streak→Stable
- Analyst Constructive Sentiment↓Deteriorating
- Strong Momentum Breakout Pattern↑Improving
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 6, 2026
RTX Corporation (RTX) Stock Analysis
Breakout setup
Industrials · Aerospace & Defense
Sell if holding. At $199.40, A.R:R 0.3:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 3.4%; Concentration risk — Supplier: single-source foreign suppliers.
RTX Corporation spans Collins Aerospace, Pratt & Whitney, and Raytheon—serving commercial aerospace and defense markets with a $268 billion backlog and 180,000 employees across 52 countries as of year-end 2025. U.S. government sales totaled $33.3 billion (38% of net revenue) in... Read more
Sell if holding. At $199.40, A.R:R 0.3:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 3.4%; Concentration risk — Supplier: single-source foreign suppliers. Chart setup: Golden cross, above all MAs, RSI 66, MACD bullish. Score 5.9/10, moderate confidence.
Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 87d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
About RTX Corporation
About RTX Corporation
RTX Corporation reported a total backlog of $268 billion at December 31, 2025, up from $218 billion a year earlier, with approximately 25% expected to convert to revenue over the next 12 months. U.S. government sales totaled $33.3 billion (38% of net revenue) and international sales reached $41.3 billion (47%) in 2025, delivered through Collins Aerospace, Pratt & Whitney, and Raytheon, with the company employing 180,000 people across 52 countries, including roughly 32,000 represented by labor unions.
Collins Aerospace earns revenue from aerospace systems and aftermarket services sold to aircraft manufacturers, airlines, and defense contractors; Boeing and Airbus combined represented 16% of Collins segment sales in 2025. Pratt & Whitney generates revenue from commercial engine deliveries and aftermarket—the GTF fleet now powers more than 2,600 aircraft for over 90 operators across three platforms—and from military programs, including the F135 engine that exclusively powers all three F-35 Lightning II variants and received a $2.8 billion undefinitized contract action for Lots 18 and 19 in 2025. Raytheon earns primarily through U.S. DoW contracts for air and missile defense including Patriot, AMRAAM, Tomahawk, and SM-6, plus international foreign military sales. Raw material inputs—cobalt, titanium, rhenium, and rare earth elements—depend in part on foreign single-source suppliers, and recent supply chain disruptions have driven delays and increased costs.
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Geopolitical exposure is material: in February 2023, China imposed sanctions on Raytheon Missiles & Defense in connection with foreign military sales to Taiwan, and has since announced additional sanctions targeting the Raytheon business and a Collins Aerospace joint venture. If China were to enforce or expand these measures, the 10-K notes it could potentially disrupt RTX's business operations and constrain commercial aerospace sales in China. Separately, Pratt & Whitney identified in July 2023 a rare powder metal condition requiring accelerated inspection of the PW1100G-JM GTF fleet; shop visit output increased about 26% year over year in 2025 but the program continues to carry cost and delivery exposure.
See also: Industrials · Aerospace & Defense
From RTX Corporation's most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-10-30Recent Developments — RTX Corporation
Latest news
- NEWS Raytheon’s Missile Windfall: What the Navy’s Record Tomahawk Order Means for RTX Corporation (RTX) - Yahoo Finance — Yahoo Finance positive
- NEWS RTX Corporation: Backlog Boom Meets Cash Flow Inflection (NYSE:RTX) - Seeking Alpha — Seeking Alpha positive
- NEWS Pointe Capital Management LLC Buys Shares of 16,130 RTX Corporation $RTX - MarketBeat — MarketBeat neutral
- NEWS Roberts Glore & Co. Inc. IL Buys New Holdings in RTX Corporation $RTX - MarketBeat — MarketBeat neutral
- NEWS RTX Stock Will Keep Rewarding Patient Investors (NYSE:RTX) - Seeking Alpha — Seeking Alpha positive
Generated 2026-10-30T11:22:46Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomerU.S. government38%10-K Item 1: 'Sales to the U.S. government as a percentage of total net sales (1) (2)| | 38 | %'
- MEDIUMCustomerAirbus (Pratt & Whitney segment)29%10-K Item 1: 'Pratt & Whitney's largest commercial customer by sales is Airbus, with sales, prior to discounts and incentives, of 29% ... of total Pratt & Whitney segment sales in 2025'
- LOWCustomerBoeing and Airbus (Collins segment)16%10-K Item 1: 'Collins' largest commercial customers are Boeing and Airbus with combined sales, prior to discounts and incentives, of 16% ... of total Collins segment sales in 2025'
- HIGHSuppliersingle-source foreign suppliers10-K Item 1: 'we rely on foreign suppliers as single-source suppliers of some components'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker·1 ceiling hit
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $199.40, A.R:R 0.3:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 3.4%; Concentration risk — Supplier: single-source foreign suppliers. Chart setup: Golden cross, above all MAs, RSI 66, MACD bullish. Prior stop was $188.70. Score 5.9/10, moderate confidence.
Analyst target: $206.26 (+3.4% upside). Prior stop was $188.70. Stop-loss: $188.70.
Concentration risk — Supplier: single-source foreign suppliers; Thin upside margin: 3.4%; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.8).
RTX Corporation trades at a P/E of 32.4 (forward 24.7). TrendMatrix value score: 4.7/10. Verdict: Sell.
29 analysts cover RTX with a consensus score of 3.9/5. Average price target: $229.
What does RTX Corporation do?RTX Corporation spans Collins Aerospace, Pratt & Whitney, and Raytheon—serving commercial aerospace and defense markets...
RTX Corporation spans Collins Aerospace, Pratt & Whitney, and Raytheon—serving commercial aerospace and defense markets with a $268 billion backlog and 180,000 employees across 52 countries as of year-end 2025. U.S. government sales totaled $33.3 billion (38% of net revenue) in 2025, while international sales reached $41.3 billion (47%), with the balance from commercial aerospace original equipment and aftermarket.