RTX again raised its forecast for the year as robust demand and a higher backlog fueled sales in its latest second quarter.

The company saw double-digit sales increases across its commercial aerospace and defense segments as global spending has climbed amid conflicts in the Ukraine and Middle East.

RTX, along with fellow defense contractor Lockheed Martin, have pledged to meet White House demands to triple or quadruple their output of some high-tech missiles in the coming years.

For the full year, RTX now expects adjusted earnings between $7.10 and $7.25 a share, up from its previous forecast of $6.70 to $6.90. Analysts polled by FactSet currently expect full-year adjusted earnings of $6.95 a share.

The company also raised its adjusted sales target of $95 billion to $96 billion, up from prior projections of $92.5 billion to $93.5 billion. Wall Street expects $94.2 billion in sales.

Backlog for the second quarter climbed 22%, to $289 billion, with $170 billion in commercial orders and $119 billion in defense.

For the second quarter, RTX posted a profit of $2.14 billion, or $1.57 a share, up from $1.66 billion, or $1.22 a share, a year earlier. The latest period include a boost of 27 cents a share from acquisition accounting adjustments and five cents a share in restructuring and other non-recurring items.

Adjusted earnings per share were $1.89, compared with analysts' estimates of $1.66 a share based on FactSet.

Sales rose 14%, to $24.71 billion, compared with analysts' estimates of $22.89 billion.

Reported sales at Raytheon jumped 18%, to $8.27 billion, helped by higher volume on land-and-air-defense systems, naval programs and air-and-space-defense systems, including Patriot, Standard Missile and advanced medium-range air-to-air missiles, or AMRAAMs, while sales at Pratt & Whitney gained 16%, to $8.89 billion. Collins Aerospace sales rose 8%, to $8.21 billion.

Earlier this month, Raytheon and a coalition of North Atlantic Treaty Organization allies signed an agreement to expand the AMRAAM program, clearing the way to build components of the advanced air-to-air missile on European soil for the first time.

The AMRAAM has been heavily deployed in recent conflicts such as the Russian-Ukraine war and the recent conflict involving the U.S., Israel and Iran, serving as a primary missile to defend against drone swarms. The intense usage of air-to-air missiles has severely depleted stockpiles for the U.S. and its allies, creating an urgent push to expand global production.

Write to Freddy Sebastian at freddy.sebastian@wsj.com

(END) Dow Jones Newswires

July 23, 2026 05:55 ET (09:55 GMT)

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