Company Overview - RTX was formed in April 2020 through the merger of Raytheon and the remnants of United Technologies, following the spin-offs of Carrier Global and Otis Worldwide [6] - The stock performance since the merger has been significant, with Carrier Global up 255%, Otis Worldwide up 304%, and RTX up 93% over 67 months [6] Recent Performance - RTX stock has increased by 52% in 2025 and reached an all-time high of $181.31 on October 28 [7] - The company reported strong Q3 2025 results, with organic sales rising by 13% and adjusted earnings per share increasing by 17% [8] Analyst Ratings - Among the 21 analysts covering RTX, 14 have rated it a Buy, with an average target price of $192.05, indicating an 11% upside from the current share price [7] Backlog and Future Guidance - RTX finished Q3 2025 with a backlog of $251 billion, comprising $148 billion in commercial and $103 billion in defense-related contracts [8] - Due to its strong performance, RTX raised its guidance for 2025 [8]