RTX
RTX Corporation

RTX CorporationRTX

Industrials · Aerospace & Defense
190.99USD
-1.72%
Sep 23, 2026
RTX overview ready
Key provider of missile-defense systems and tactical missile production
Direct beneficiary through Raytheon’s production and sustainment of air- and missile-defense systems, interceptors, tactical missiles, sensors, and associated services; Collins and Pratt & Whitney add defense-platform and sustainment exposure, while commercial aerospace remains a substantial separate driver.
Direct narrative exposure
Exposed to the Defense Rearmament and Industrial Base narrative through Munitions and Missile Defense Replenishment — bottleneck supplier.
No clear price read
Longer-term context reads near trend floor, with a near-term setup of distribution pressure.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Cyclical demand fluctuations in commercial aerospace.
Market Sep 22Filing Jun 30Price action Sep 22Research Sep 3

Conviction Level

NarrativeHeat8.3ThemeHeat8.4PriceAction6.0Valuation5.9CompanyPosition7.3
Price
Loading price history…

Price Action

No clear price read
Longer-term context reads near trend floor, with a near-term setup of distribution pressure.
EntryConstructive

Structure is constructive, but price remains well extended from the long-term weekly base and the earlier reset has already been partly recovered — a workable rather than ideal entry location.

Key Financials

Market Cap
$257.4B
Avg Volume (60D)
4.7M
60 sessions
Revenue Growth YoY
+9.7%
FY2025 vs FY2024
Gross Margin
+20.3%
Trailing twelve months
Operating Margin
+11.2%
Trailing twelve months
Free Cash Flow Yield
+4.4%
Distance from 200DMA
-1.2%
Next Earnings
2026-10-20
P/E
33.3x
EV / EBITDA
19.2x
EV / Sales
3.1x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Both valuation perspectives agree this company is fair.
RTX Corporation has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
Direct beneficiary through Raytheon’s production and sustainment of air- and missile-defense systems, interceptors, tactical missiles, sensors, and associated services; Collins and Pratt & Whitney add defense-platform and sustainment exposure, while commercial aerospace remains a substantial separate driver.
Opportunity
Moderate opportunity
U.S. Allied procurement to rebuild inventories and expand production capacity for missile interceptors, air-defense systems, precision weapons, and related munitions.
Key risk
Cyclical demand fluctuations in commercial aerospace.

Narrative & Theme

Defense Rearmament and Industrial Base
Part of Munitions and Missile Defense Replenishment, with strong fit.
The placement is substantively supported by its current Raytheon order flow and production mix.
Narrative HeatHeating up8.3 / 10
Theme HeatHeating up8.4 / 10

Business & Markets

Industrials · Aerospace & Defense
What they do

RTX Corporation designs, manufactures, and services aerospace and defense systems for commercial, military, and government customers globally through its three segments: Collins Aerospace, Pratt & Whitney, and Raytheon.

How it earns

The company generates revenue primarily through transactional sales of aerospace and defense products and aftermarket services.

Products & services
Aerospace and defense systems
Aircraft engines
Electric power generation and management systems
Aftermarket services for aircraft
Customers & end markets
Commercial aircraft manufacturers and airlines
Military and government agencies
Market position

Leader in aerospace and defense with diversified product offerings across commercial and military markets.

Demand drivers
Medium cyclicality

Aerospace and defense demand is influenced by commercial airline cycles and government defense budgets.