RTX Corporation reports $289 billion backlog amid rising institutional interest

RTX Corporation is experiencing significant growth in its order backlog, which has reached approximately $289 billion. This backlog spans both its commercial aerospace and defense sectors, serving as a key indicator for future revenue. Management has recently upgraded its adjusted sales estimate for 2026 to between $95 billion and $96 billion.

The company's commercial aerospace segment, including Pratt & Whitney and Collins Aerospace, is expected to drive long-term growth through high-margin aftermarket services and recurring revenue from systems. Meanwhile, the defense backlog provides a steady stream of government-backed revenue.

In recent financial activity, Mystic Asset Management Inc. acquired 41,273 shares of RTX in the second quarter, a position valued at approximately $7.8 million. Institutional investors and hedge funds currently hold 86.50% of the company's stock. Additionally, several analysts have recently adjusted their price targets for the company, with some raising targets to as high as $250.