智通财经7月28日电，杰富瑞将航空航天防务巨头雷神技术（RTX）目标价从160美元上调至165美元。 ...

Next-generation capability supports critical maritime security operations MCKINNEY, Texas, July 28, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business launched its newest Multispectral Targeting System variant, MTS-A HD, that offers significant visual enhancements for maritime helicopter operations. This next-generation variant delivers improved targeting precision, imaging clarity, and expanded operational flexibility for naval helicopter platforms. Raytheon is collaborating with industry and comme ...

RTX stock is expensive when valued on earnings. Valued on free cash flow... it's even more expensive. A funny thing happened to RTX Corporation (RTX 4.81%) yesterday -- meaning funny-strange. RTX reported 9% sales growth in its fiscal second-quarter earnings report, and beat analyst forecasts with $1.56 per share earned on revenue of $21.6 billion. Is RTX stock a buy? Call me a cynic, but I just don't see things that way. Beyond guidance, when I look at RTX stock, I see a defense company earning $6.1 billio ...

白宫贸易顾问纳瓦罗：美国销售武器将让Raytheon（雷神）乐不可支。 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 10-Q ____________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-00812 ____________________________________ RTX CORPORATION (Exact name of registrant a ...

Group 1 - The aerospace & defense industry constitutes 20% of the overall portfolio of the analyst, with four holdings in this sector [1] - The companies mentioned include RTX, LHX, NOC, and GE, indicating a beneficial long position in these shares [1]

Core Insights - RTX Corporation's second-quarter 2025 adjusted earnings per share (EPS) of $1.56 exceeded the Zacks Consensus Estimate of $1.45 by 7.6% and improved 10.6% from the previous year's $1.41, driven by growth in adjusted operating profit [1][2] - The company reported GAAP earnings of $1.22 per share, a significant increase from 8 cents in the prior-year quarter [1] Operational Performance - RTX's second-quarter sales reached $21.58 billion, surpassing the Zacks Consensus Estimate of $20.53 billion by 5.1% and reflecting a 9.4% increase from $19.72 billion in the second quarter of 2024 [3] - Total costs and expenses rose 6.4% year over year to $19.48 billion, while adjusted operating profit increased to $2.79 billion from $2.56 billion in the prior-year quarter [4] Segmental Performance - Collins Aerospace: Sales totaled $7.62 billion, up 8.9% year over year, driven by higher commercial aftermarket and defense sales [5] - Pratt & Whitney: Sales reached $7.63 billion, reflecting a 12.2% improvement, attributed to growth in commercial aftermarket and OEM businesses [6] - Raytheon: Sales amounted to $7 billion, up 6.4% year over year, driven by increased sales volume for defense systems [7] Financial Update - As of June 30, 2025, RTX had cash and cash equivalents of $4.78 billion, down from $5.58 billion as of December 31, 2024 [8] - Long-term debt totaled $38.26 billion, a decrease from $38.73 billion at the end of 2024 [10] - Net cash flow from operating activities was $1.76 billion, compared to $3.08 billion at the end of June 2024, and free cash flow totaled $0.72 billion, down from $2.07 billion [10] Guidance - RTX updated its 2025 financial guidance, now expecting adjusted EPS in the range of $5.80-$5.95, down from $6.00-$6.15, with the Zacks Consensus Estimate at $5.93 [11] - The sales projection for 2025 was raised to $84.75-$85.50 billion from the previous guidance of $83-$84 billion, with the Zacks Consensus Estimate at $84.13 billion [12]

Financial Data and Key Metrics Changes - In Q2, adjusted sales reached $21.6 billion, reflecting a 9% increase on both an adjusted and organic basis, driven by growth across all channels [18] - Segment operating profit was $2.7 billion, up 12% year over year, with a consolidated segment margin expansion of 30 basis points [18] - Adjusted earnings per share (EPS) increased by 11% to $1.56, influenced by segment operating profit growth and a lower effective tax rate [18] - Free cash flow for the quarter was an outflow of $72 million, impacted by $250 million in powder metal-related compensation and $175 million from tariff impacts [19] Business Line Data and Key Metrics Changes - Collins reported sales of $7.6 billion, up 9%, with commercial aftermarket sales increasing by 13% and defense sales up 11% [24] - Pratt and Whitney's sales also reached $7.6 billion, up 12%, with commercial aftermarket sales rising by 19% and commercial OE sales by 15% [26] - Raytheon achieved sales of $7 billion, a 6% increase, driven by higher volume in land and air defense systems [28] Market Data and Key Metrics Changes - The company reported a book-to-bill ratio of 1.86, with a backlog now at $236 billion, up 15% year over year [6][30] - Global Revenue Passenger Kilometers (RPKs) are expected to grow over 5% for the year, supporting strong commercial aftermarket demand [8] - The U.S. defense budget reconciliation includes over $150 billion for additional defense spending, indicating strong demand for defense products [9] Company Strategy and Development Direction - The company is focused on executing its backlog, driving cost discipline, and investing in innovation [30] - Strategic partnerships are being formed in Europe to support production ramp-ups, particularly for defense systems [9][13] - The company is leveraging data analytics and AI to enhance productivity and operational efficiency across its operations [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand across end markets, with expectations for continued top-line growth [10] - The outlook for adjusted sales for the full year has been increased to a range of $84.75 billion to $85.5 billion, reflecting strong first-half performance [20] - The effective tax rate is expected to remain at 19.5% for the full year, with improvements in operating performance contributing to EPS growth [21] Other Important Information - The company raised its dividend by 8%, reflecting confidence in long-term cash generation capabilities [16] - The company is maintaining its full-year free cash flow outlook at $7 billion to $7.5 billion, with expected recovery from the work stoppage at Pratt [22] Q&A Session Summary Question: Can you discuss Raytheon's multiyear outlook and the potential for awards flowing from the backlog? - Management highlighted strong demand with a book-to-bill of 1.35 and a 25% increase in backlog since the end of 2023, indicating a robust multiyear growth outlook [35][36] Question: What are the updates on the tariff situation and its impact on demand? - The company has reduced its tariff outlook from $850 million to $500 million, with no current negative developments seen in demand, particularly in the commercial aftermarket [46][48] Question: Can you clarify the impact of the reconciliation bill on R&D capitalization? - The recent legislation restores full expensing of R&D costs, which is expected to provide a moderate cash benefit this year and continue to benefit in the following years [56][59] Question: What is the outlook for free cash flow in the coming years? - Management expressed confidence in achieving significant free cash flow growth, with expectations of $10 billion minimum in 2027 and beyond due to strong market conditions and operational improvements [98][102]

Financial Data and Key Metrics Changes - In Q2 2025, adjusted sales reached $21.6 billion, reflecting a 9% increase on both an adjusted and organic basis, driven by growth across all segments [16] - Segment operating profit was $2.7 billion, up 12% year over year, with a consolidated segment margin expansion of 30 basis points [16] - Adjusted earnings per share (EPS) increased by 11% to $1.56, influenced by segment operating profit growth and a lower effective tax rate [16] - Free cash flow for the quarter was an outflow of $72 million, impacted by powder metal-related compensation and tariff costs [17] Business Line Data and Key Metrics Changes - Collins reported sales of $7.6 billion, up 9%, with commercial aftermarket sales increasing by 13% and defense sales up 11% [21] - Pratt and Whitney's sales also reached $7.6 billion, up 12%, driven by a 19% increase in commercial aftermarket sales [23] - Raytheon achieved sales of $7 billion, up 6%, supported by higher volume in land and air defense systems [25] Market Data and Key Metrics Changes - The company reported a book-to-bill ratio of 1.86, with a backlog of $236 billion, up 15% year over year [5] - Global Revenue Passenger Kilometers (RPKs) are expected to grow over 5% for the year, supporting strong commercial aftermarket demand [6] - The U.S. defense budget reconciliation includes over $150 billion for additional defense spending, indicating strong demand for defense products [7] Company Strategy and Development Direction - The company is focused on executing its backlog, driving cost discipline, and investing in innovation [28] - Strategic partnerships are being formed in Europe to support production ramp-ups, particularly for defense systems [7][12] - The company is leveraging data analytics and AI to enhance productivity and operational efficiency [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand across end markets, with expectations for continued top-line growth [8] - The outlook for adjusted sales for the full year has been increased to a range of $84.75 billion to $85.5 billion, reflecting strong first-half performance [18] - The effective tax rate is expected to remain stable at 19.5%, with improvements in operating performance contributing to EPS growth [19] Other Important Information - The company raised its dividend by 8%, reflecting confidence in long-term cash generation capabilities [14] - The company is maintaining its full-year free cash flow outlook at $7 billion to $7.5 billion, with expected recovery from the work stoppage at Pratt [20] Q&A Session Summary Question: Can you discuss Raytheon's multiyear outlook and the potential for awards flowing from the backlog? - Management highlighted strong demand with a 1.35 book-to-bill ratio and a 25% increase in backlog since the end of 2023, emphasizing the focus on ramping production and forming key partnerships in Europe [34][36] Question: What are the latest developments regarding tariffs and their impact on demand? - Management noted a reduction in tariff cost outlook from $850 million to $500 million, with no current negative impact on demand observed [45][48] Question: Can you clarify the impact of the reconciliation bill on R&D capitalization? - The company expects a moderate cash benefit from the restoration of R&D expensing, which will continue to provide benefits in the coming years [56][57] Question: How do you see the trajectory of Raytheon's margins going forward? - Management expressed optimism about achieving 12% plus margins, driven by improved program mix and productivity [102][105] Question: What is the status of the GTF advantage and supply chain improvements? - Production for the GTF advantage has begun, with deliveries planned for later this year, and overall supply chain stability is improving [110][111]

RTX (RTX) came out with quarterly earnings of $1.56 per share, beating the Zacks Consensus Estimate of $1.45 per share. This compares to earnings of $1.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +7.59%. A quarter ago, it was expected that this an aerospace and defense company would post earnings of $1.35 per share when it actually produced earnings of $1.47, delivering a surprise of +8.89%.Over the last four quarters, ...