RTX Corporation stock tracks Raytheon's USD 20.70 billion contract
Published on 09/29/2026 at 11:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
RTX Corporation (ISIN US75513E1010) was trading at EUR 165.78 at Lang & Schwarz on September 29, 2026 at 11:38 a.m. CEST, up 0.72 percent from the prior close of EUR 164.60. The immediate business signal is a major Raytheon missile contract announced for RTX's defense unit.
Contract expands Raytheon demand
As The Straits Times reported on September 29, 2026, the Pentagon awarded Raytheon a provisional multiyear contract valued at USD 20.70 billion to accelerate AMRAAM production. The agreement covers five years plus two option years and supports output of at least 1,900 missiles annually from 2026, subject to funding.
The contract gives RTX a visible defense demand indicator, but its maximum value is not the same as near-term revenue. The five-year structure instead points to a longer production program for Raytheon, one of RTX's three principal businesses.
Quarterly numbers set the bar
According to MarketBeat on September 23, 2026, RTX reported second-quarter revenue of USD 24.71 billion and earnings per share of USD 1.89 on July 23, 2026. EPS exceeded the USD 1.66 consensus estimate by USD 0.23, while revenue topped the USD 22.89 billion estimate and increased 14.50 percent from the prior-year quarter.
The comparison matters because the contract arrives after a quarter that already exceeded expectations. RTX's full-year 2026 adjusted EPS guidance stands at USD 7.10-7.25, as reported by MarketBeat.
Bernstein trims its target
Sanford C. Bernstein lowered its RTX price target from USD 232.00 to USD 223.00 on September 23, 2026, while maintaining a Market Perform rating, according to MarketBeat. The USD 9.00 reduction equals a 3.88 percent cut to the previous target, even as the same report cited a consensus Moderate Buy rating and an average target of USD 228.06.
Zacks lists October 20, 2026, as the estimated date for RTX's next earnings release, with a consensus EPS estimate of USD 1.75. That date places the next quarterly report ahead of the period when the AMRAAM production program would begin influencing reported results.
Price snapshot sets the baseline
RTX was trading at EUR 165.78 at Lang & Schwarz on September 29, 2026 at 11:38 a.m. CEST, up 0.72 percent versus the Lang & Schwarz prior close of EUR 164.60 on September 28, 2026. On the NYSE, the stock was last quoted at USD 187.66 on September 28, 2026 at 4:00 p.m. ET; its market capitalization was USD 252.9 billion and its 52-week range was USD 155.64-226.88.
RTX Corporation stock facts
- Company: RTX Corporation
- ISIN: US75513E1010
- Ticker: RTX
- Primary exchange: NYSE
- Price Lang & Schwarz (as of September 29, 2026, 11:38 a.m. CEST): EUR 165.78
- Change versus prior close: plus 0.72 percent
- Prior close Lang & Schwarz (September 28, 2026): EUR 164.60
- Market capitalization: USD 252.9 billion (as of September 28, 2026)
- 52-week range: USD 155.64-226.88 (as of September 29, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
