RTX Corporation stock gets a USD 24.4 billion missile contract

Published on 10/06/2026 at 17:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RTX Corporation stock trades at USD 184.29 on October 6, 2026, while Q2 adjusted sales reached USD 24.7 billion. Full-year adjusted EPS guidance stands at USD 7.10-7.25.

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RTX Corporation stock was last at USD 184.29 on the NYSE on October 6, 2026 at 11:51 a.m. ET, while the company moves deeper into a major defense production cycle. On October 1, RTX's Raytheon business secured a five-year SM-6 interceptor contract valued at up to USD 24.4 billion, according to RTX.

Missile order expands defense visibility

The agreement covers five firm years and two additional option years for Standard Missile-6 interceptors. RTX said the order is designed to increase production and provide a reliable supply of the weapon for the U.S. Navy, adding a large multi-year defense commitment to the company's commercial aerospace exposure.

The contract follows a strong second quarter. In the Q2 2026 earnings call held on July 23, adjusted sales reached USD 24.7 billion, up 16 percent organically, while adjusted earnings per share rose 21 percent to USD 1.89, according to Fortune. The comparison matters because the growth came with higher segment operating profit and a record backlog of USD 289 billion, up 22 percent year over year.

Guidance rises with backlog

Management lifted full-year adjusted sales guidance to USD 95.0 billion-96.0 billion from USD 92.5 billion-93.5 billion. Adjusted EPS guidance also moved to USD 7.10-7.25 from USD 6.70-6.90, while quarterly free cash flow reached USD 2.9 billion in the reported period.

For investors, the key tension is execution rather than order visibility. The company must convert defense awards into deliveries while sustaining commercial aftermarket growth, and Q2 Raytheon bookings reached USD 19.9 billion with a 2.42 book-to-bill ratio, according to Fortune.

Analysts see room above the price

Consensus data published by CNN show 27 analyst ratings, with a median 12-month price target of USD 240.00, a high of USD 265.00 and a low of USD 200.00. The median target lies 30.2 percent above the USD 184.29 price, although the range shows that analysts do not share one valuation view.

RTX stock trades below yearly high

RTX Corporation stock was last at USD 184.29 on the NYSE on October 6, 2026 at 11:51 a.m. ET, down 0.02 percent from the prior close of USD 184.33. The session range was USD 182.50-184.60, the 52-week range was USD 155.64-226.88, and market capitalization stood at USD 248.4 billion.