RTX Wins Nearly $20 Billion In Awards — Backlog Hits A Record!

Raytheon Technologies Corporation reported solid financial and operational results for the second quarter of 2026, reflecting continued strength across its commercial aerospace and defense businesses. Adjusted sales rose to $24.7 billion, representing a 16% organic increase year-over-year, with commercial aftermarket and defense channels both achieving double-digit growth. The company’s adjusted earnings per share increased by 21% to $1.89, supported primarily by an 18% growth in segment operating profit. Free cash flow also remained robust at $2.9 billion for the quarter. The company’s backlog reached a record $289 billion, up 22% year-over-year and 6% sequentially, with strong demand for Raytheon defense products, including over $5 billion in GEM-T Patriot effectors driven largely by international customers and initial domestic GEM-T production. Raytheon reported nearly $20 billion in awards during the quarter, with significant classified and confidential contracts contributing to its defense order book.