Operating cash flow for the quarter was $4.6 billion, with free cash flow at $4.0 billion. The company ended the period with a $251 billion backlog, split between $148 billion in commercial and $103 billion in defence contracts.
RTX returned $0.9 billion to shareholders and reduced its debt by $2.9 billion. It also completed the divestiture of the Collins actuation and flight control business.
Chairman and CEO Chris Calio said: “Strong execution in the third quarter enabled us to deliver double-digit organic sales growth* across all three segments and our sixth consecutive quarter of year-over-year adjusted segment margin expansion*.”
He added: “We also received $37 billion of new awards in the quarter, reflecting robust global demand for our products and supporting long-term growth for RTX.”
Citing strong year-to-date performance and sustained demand, RTX has raised its full-year outlook for adjusted sales to between $86.5 and $87.0 billion, up from a previous range of $84.75 to $85.5 billion. The company now expects adjusted EPS of $6.10 to $6.20, compared to earlier guidance of $5.80 to $5.95, and confirmed its free cash flow forecast of $7.0 to $7.5 billion.
Chris Calio stated: “We remain focused on executing on our $251 billion backlog and increasing our output to support the ramp across critical programs, while investing in next-generation products and services that meet the needs of our customers.”
