Core Insights - Global travel and defense budgets are increasing, leading to heightened investor interest in aerospace stocks, particularly Boeing and RTX, which benefit from overlapping growth drivers [1][2][3] Financial Performance - Boeing's commercial revenues surged by 75% year-over-year in Q1 2025 due to rising global air traffic, while RTX achieved 8% organic sales growth driven by aftermarket services [9][10] - As of Q1 2025, Boeing reported $23.67 billion in cash and equivalents against $7.93 billion in current debt, indicating strong near-term solvency [5] - RTX has $5.16 billion in cash and equivalents, with $3.06 billion in current debt and $38.24 billion in long-term debt, maintaining solid short-term liquidity [6] Growth Catalysts - Both companies are positioned to benefit from a proposed 13% increase in U.S. defense spending to $1.01 trillion for FY26, with significant allocations for aerospace projects [7][8] - The International Air Transport Association projects a 5.8% year-over-year growth in passenger traffic for 2025, which will further support both companies' commercial aviation segments [9] Stock Performance - Over the past three months, Boeing's stock has increased by 33%, outperforming RTX's 26% increase, but RTX has outperformed Boeing over the past year with a 44.3% increase compared to Boeing's 22.9% [18][22] - Boeing trades at a more attractive forward sales multiple of 1.89 compared to RTX's 2.33 [18] Investment Outlook - Boeing presents a more compelling risk-reward opportunity in 2025, showing signs of recovery despite ongoing challenges, while RTX offers operational consistency and diversification [22][23]

Morgan Brennan has uh the defense names on the move this morning after earnings. Dom Chu has some other key names to watch. Morgan, we'll start with you.All right, good morning, Andrew. Well, it's a mixed picture for defense today as those earnings get underway. North of Grman higher on a beat and a raise.The B2 bomber maker getting a boost from its Sentinel ballistic missile and B21 bomber programs. RTX though, that was lower down about 2% here in pre-market after trimming fullear profit guidance. higher c ...

Earnings conference call 2 nd quarter 2025 July 22, 2025 © 2025 RTX Corporation. All rights reserved. Forward looking statements Note: This press release contains statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities laws. From time to time, oral or written forward-looking statements may also be included in other information released to the public. These forward-looking statements are intended to provide RTX Corpor ...

Exhibit 99 Media Contact 202.384.2474 Investor Contact 781.522.5123 RTX Reports Q2 2025 Results RTX delivers 9% sales growth with strong commercial aftermarket and operational performance in Q2; Robust demand with RTX Q2 book-to-bill of 1.86 ARLINGTON, Va., July 22, 2025 – RTX (NYSE: RTX) reports second quarter 2025 results. Second quarter 2025 Updates outlook for full year 2025 "We continued our momentum in the second quarter with organic sales and profit growth* across all three segments, including 16 per ...

Core Insights - RTX reported a 9% increase in sales for Q2 2025, reaching $21.6 billion, driven by strong performance in the commercial aftermarket and operational efficiency [2][6] - The company’s backlog grew to $236 billion, a 15% increase year-over-year, indicating robust demand across its segments [1][6] - Adjusted EPS for Q2 2025 was $1.56, reflecting an 11% increase compared to the previous year [2][3] Financial Performance - Reported sales for Q2 2025 were $21.6 billion, up 9% from $19.7 billion in Q2 2024 [2][4] - Net income attributable to common shareholders was $1.7 billion, which included $0.4 billion of acquisition accounting adjustments [3][4] - Adjusted net income was $2.1 billion, a 12% increase from the prior year, driven by growth in adjusted segment operating profit [3][4] Segment Performance - Collins Aerospace reported sales of $7.6 billion, up 9% year-over-year, with a 13% increase in commercial aftermarket sales [7][8] - Pratt & Whitney's sales reached $7.6 billion, a 12% increase, with a notable 19% rise in commercial aftermarket sales despite a four-week work stoppage [9][10] - Raytheon achieved sales of $7.0 billion, an 8% increase, driven by higher volumes in land and air defense systems [11][12] Operational Highlights - The company returned $0.9 billion to shareholders and raised its quarterly dividend by 8% [6] - RTX's updated outlook for 2025 reflects strong operational performance and incorporates the expected impact of tariffs [1][6] - The company confirmed free cash flow guidance of $7.0 to $7.5 billion for the year [6]

Three defense titans, three different flight paths — but only one may come out on top when Lockheed Martin (LMT), RTX Corp RTX, and Northrop Grumman Corp NOC report earnings Tuesday before the bell. With investors closely tracking valuation, momentum, and technicals, this aerospace earnings face-off is about to get turbulent.RTX: Flying High, Valued HigherRTX has been the surprise high-flyer. With a 47% gain over the past year and a 32% YTD rally, it's the clear momentum leader. Technically, it's flashing b ...

Group 1 - The core argument is that U.S. military aid to Ukraine is a profitable business for the American military-industrial complex, with most funds eventually returning to the U.S. [1][3] - Since February 2022, the U.S. has allocated approximately $182.8 billion in aid to Ukraine, with actual payments around $84 billion, and 90% of this money flows back to the U.S. [1][3] - The "Ukraine Security Assistance Initiative" allows Ukraine to directly contract with U.S. defense companies, leading to significant profits for these firms and job creation in various congressional districts [3][5] Group 2 - The "Presidential Drawdown Authority" (PDA) enables the U.S. president to transfer weapons from stockpiles to Ukraine, which clears inventory and creates new orders for defense contractors [6] - For instance, the U.S. provided "Stinger" missiles from its inventory, which had not been produced for over 20 years, and subsequently signed a $624.6 million contract to restart production [6] - The ongoing crisis is seen as a financial boon for U.S. defense companies, with increasing demand for military equipment from NATO countries, further enhancing the profitability of U.S. arms sales [7][9] Group 3 - The cost of manufacturing a Patriot missile system is approximately $1 billion, with individual missiles costing around $3.7 million [8] - The longer the conflict persists, the more financial gain the U.S. military-industrial complex realizes, as the demand for arms continues to rise [9]

Core Viewpoint - RTX Corp. is expected to report second-quarter 2025 results on July 22, with anticipated revenue growth of 4.8% year-over-year and earnings per share (EPS) growth of 2.8% from the prior year [1][2]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for revenues is $20.66 billion, reflecting a 4.8% increase from the previous year's quarter [2]. - The consensus estimate for earnings is $1.45 per share, indicating a 2.8% rise from the prior-year quarter [2]. - The earnings estimate has decreased by 0.7% over the past 60 days [2]. Business Performance Insights - RTX has a strong earnings surprise history, exceeding the Zacks Consensus Estimate in the last four quarters with an average surprise of 9.91% [2][3]. - The Pratt & Whitney and Collins Aerospace segments are expected to show strong performance due to increased commercial engine and aftermarket sales [4][6]. - The Zacks Consensus Estimate for Pratt & Whitney's adjusted sales is $7,284 million, a 7.1% improvement year-over-year, while Collins Aerospace's adjusted sales are estimated at $7,249.3 million, a 3.6% increase [8]. Military Sales Outlook - Increased geopolitical tensions are expected to drive growth in military sales, with higher engine deliveries for tanker programs and strong demand for the F135 Engine Core Upgrade for F-35 fighter jets [9][10]. - The Zacks Consensus Estimate for Raytheon's second-quarter sales is $6,773.3 million, indicating a 4% increase from the previous year [11]. Overall Sales Performance - Strong sales across RTX's business segments are anticipated to boost overall revenues for the second quarter [12]. - Factors contributing to this growth include solid sales expectations, increased defense volume, and improved net productivity [12]. Price Performance and Valuation - RTX shares have increased by 24.1% over the past six months, outperforming the Zacks aerospace-defense industry and the S&P 500 [14]. - RTX is currently trading at a premium valuation of 2.31X forward 12-month price/sales, compared to the peer group's 1.88X [16]. Investment Considerations - The growing demand for defense products due to geopolitical tensions is expected to support sales growth for RTX and its peers [17]. - Expanding commercial air traffic is also a significant growth catalyst, with over 13,000 large commercial engines installed globally [18]. - However, RTX's return on equity (ROE) is lower than its peers, indicating less effective use of shareholders' equity to generate profits [18].

In its upcoming report, RTX (RTX) is predicted by Wall Street analysts to post quarterly earnings of $1.45 per share, reflecting an increase of 2.8% compared to the same period last year. Revenues are forecasted to be $20.66 billion, representing a year-over-year increase of 4.8%.The consensus EPS estimate for the quarter has been revised 1.6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this ...

Group 1: RTX Corporation and Contract Wins - RTX Corporation's unit, Raytheon, secured a $74 million modification contract to provide spares for the Rolling Airframe Missile (RAM) Mod 5 Guided Missile Launching System (GMLS) [1] - The contract is awarded by the Naval Sea Systems Command and is projected to be completed by September 2028, with work primarily performed in Louisville, KY, and Ottobrunn, Germany [1] - The RAM GMLS is deployed on over 165 ships across 11 countries, indicating strong demand for this missile system in both domestic and international markets [4][9] Group 2: Market Trends and Growth Projections - Rising military conflicts and national security concerns have led to increased focus on missile defense systems, with a forecasted compound annual growth rate of 5% for the global missiles and missile defense system market from 2025 to 2030 [2] - RTX's product portfolio includes several combat-proven missiles, positioning the company to benefit from the expanding market [3] Group 3: Competitors in the Defense Sector - Northrop Grumman provides advanced missile defense technology and has a long-term earnings growth rate of 3%, with a Zacks Consensus Estimate for 2025 sales indicating 2.7% year-over-year growth [5][6] - Boeing manufactures various missile defense systems and has a long-term earnings growth rate of 18.1%, with a Zacks Consensus Estimate for 2025 sales indicating 27.5% year-over-year growth [7][8] - Lockheed Martin's product portfolio includes several missile defense programs, with a long-term earnings growth rate of 10.5% and a Zacks Consensus Estimate for 2025 sales indicating 4.7% year-over-year growth [10]