Raytheon’s results reflected increased activity across land and air defense systems and naval programs, including Tomahawk. Its adjusted operating profit rose 32%, supported by improved productivity, higher volume and a favorable sales mix, including Patriot programs.
Patriot contributed to both Raytheon’s sales growth and its favorable profit mix during the quarter. Standard Missile was also among the programs driving higher revenue.
Raytheon’s productivity gains included benefits from an international contract modification and a favorable adjustment related to an offset obligation. These benefits contributed to the result alongside higher program volumes.
RTX also received multiyear undefinitized production contracts for AMRAAM and Tomahawk during the quarter. The awards added to a group backlog that reached a record $340 billion, including $164 billion in defense orders.
“Our strong execution and operational focus in the third quarter enabled RTX to deliver double-digit organic sales growth across commercial aerospace and defense. Demand for our products remains robust with over $81 billion of new commercial and defense awards, resulting in a record backlog of $340 billion,” said RTX Chairman and CEO Chris Calio.
RTX’s other businesses also reported growth, with Collins Aerospace benefiting from higher commercial aircraft and aftermarket volumes. Pratt & Whitney’s sales increase was led by commercial engine aftermarket work, while military sales also rose.
The group raised its annual forecasts for adjusted sales, adjusted earnings per share and free cash flow. Adjusted operating profit increased across all three segments, with IEEPA cost recovery contributing to the improvement.
Calio said RTX remained focused on increasing output and optimizing its cost structure. He also identified investment in new technologies as a priority to support customers and continued growth.
