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RTX: the aerospace-defense backlog has to outrun engine risk and working-capital drag

RTXResearch reportPosted by Goglides ResearchMay 19, 2026
NYSERTXCoverage BootstrapRTX Corporation

Thesis summary

RTX reported FY2025 revenue of $88.6 billion and Q1 2026 revenue of $22.1 billion. The thesis depends on commercial aerospace recovery, defense demand, Pratt & Whitney execution, cash conversion and balance-sheet discipline.

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RTX reported FY2025 revenue of $88.6 billion and Q1 2026 revenue of $22.1 billion. The thesis depends on commercial aerospace recovery, defense demand, Pratt & Whitney execution, cash conversion and balance-sheet discipline.

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