RTX Corporation (RTX) Stock Price & How to Invest
Last updated July 2026
Short answer
You can invest in RTX Corporation (RTX) by buying shares or fractional shares at any major broker, through an ETF that holds it, or as one holding in a thematic basket. RTX is a large-cap, dividend-paying aerospace and defense blue chip, not a high-growth name. Collins Aerospace, Pratt & Whitney engines, and the Raytheon defense segment (missiles, Patriot, radars) generate steady original-equipment plus high-margin aftermarket revenue. RTX is leveraged to defense budgets and air-travel demand against primes like Lockheed Martin, Northrop Grumman, and GE Aerospace.
RTX stock price
As of 2026-07-24, RTX Corporation (RTX) last closed at $212.79, up 35.6% over the past year. Over the past 52 weeks it has traded between $151.75 and $212.79.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or RTX Corporation's investor relations page. Walnut is informational, not investment advice.
What does RTX Corporation (RTX) do?
RTX Corporation (RTX), formerly Raytheon Technologies, is one of the world's largest aerospace and defense companies. It operates three businesses. Collins Aerospace supplies avionics, interiors, actuation, and other systems for commercial and military aircraft. Pratt & Whitney designs and manufactures jet engines for airliners (including the geared turbofan) and military aircraft, and earns substantial recurring revenue from servicing its large installed engine base. Raytheon, the defense segment, builds missiles, missile defense systems (including Patriot), radars, and other advanced defense electronics for the US military and allied governments.
RTX makes money from original equipment sales and, importantly, from long-tail aftermarket service, spares, and maintenance on engines and systems already in the field, which provides steady, high-margin recurring revenue. It pays a dividend and is a core holding in aerospace and defense indexes. Formed by the 2020 merger of Raytheon and United Technologies and headquartered in Arlington, Virginia, RTX is a defense prime with heavy commercial-aerospace exposure.
What's driving RTX Corporation (RTX)?
1. Commercial aftermarket.
RTX earns large, recurring, high-margin revenue servicing the vast installed base of Pratt & Whitney engines and Collins systems. As air traffic grows and airlines fly older fleets longer, spares and maintenance demand rises. This aftermarket annuity is more stable and profitable than original-equipment sales.
2. Defense backlog and missiles.
Elevated global defense spending and conflicts have driven strong demand for Raytheon's missiles, air-and-missile defense (Patriot, NASAMS), and radars, supporting a large multi-year backlog. Allied rearmament and munitions replenishment give the defense segment durable, funded growth visibility.
3. Commercial air-travel recovery.
Recovering and growing global air travel lifts demand for new aircraft and engines across Collins and Pratt & Whitney. A long order backlog at Boeing and Airbus translates into multi-year demand for RTX's avionics, interiors, and propulsion content.
4. Scale and integration.
As one of the largest aerospace and defense primes, RTX benefits from scale, broad program participation, and the ability to invest across both commercial and defense cycles. Diversification across the two markets smooths the inherent cyclicality of each.
What are the risks to RTX Corporation (RTX)?
RTX faces program-execution risks, most visibly the Pratt & Whitney geared-turbofan powder-metal inspection issue that forced costly engine removals and weighed on cash. Defense contracts can carry fixed-price exposure, supply-chain and labor pressures, and dependence on government budgets and procurement timing. Commercial aerospace is cyclical and sensitive to airline health, fuel prices, and travel demand. Large pension, warranty, and regulatory liabilities add complexity, and the stock can be hit by single-program problems given its size. Geopolitical shifts cut both ways: they support defense demand but introduce export-control and policy risk. Margins depend on disciplined execution across many long-cycle programs.
How is RTX Corporation (RTX) valued? (approximate, early 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see RTX Corporation's investor relations page or your broker.
- Revenue (TTM): ~$80 billion
- Operating margin: ~10-12%
- Backlog: Very large (over $200 billion, commercial plus defense)
- Net income (TTM): Several billion dollars
- P/E (TTM): ~25x
- Dividend yield: ~2%
- Free cash flow: Several billion dollars annually
- Segments: Collins, Pratt & Whitney, Raytheon
RTX trades as a large, dividend-paying aerospace and defense blue chip valued on its huge backlog, recurring aftermarket revenue, and dual commercial-defense exposure rather than rapid growth. Its multiple reflects steady, cash-generative franchises balanced against program-execution risk like the geared-turbofan issue, with the dividend and backlog supporting the shares.
Which ETFs hold RTX Corporation (RTX)?
If you want RTX exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.
| ETF | Name | % in RTX | Expense ratio | |
|---|---|---|---|---|
| XAR | SPDR S&P Aerospace & Defense ETF | ~3.1% | 0.35% | |
| PPA | Invesco Aerospace & Defense ETF | ~6.9% | 0.58% | |
| ITA | iShares US Aerospace & Defense ETF | ~17.5% | 0.40% | |
| XLI | Industrial Select Sector SPDR Fund | ~4.1% | 0.09% | |
| SHLD | Global X Defense Tech ETF | ~9.1% | 0.50% | |
| ROKT | SPDR S&P Kensho Final Frontiers ETF | ~3.5% | 0.45% |
Who competes with RTX Corporation (RTX)?
Defense primes
Lockheed Martin, Northrop Grumman, Boeing Defense, General Dynamics, and L3Harris compete across missiles, defense electronics, and major weapons programs for US and allied government budgets.
Jet engines
Pratt & Whitney competes with GE Aerospace and the CFM joint venture (GE and Safran), plus Rolls-Royce on widebody engines, for commercial and military propulsion.
Aerospace systems and avionics
Collins Aerospace competes with Honeywell, GE Aerospace, Safran, and Thales across avionics, interiors, actuation, and aircraft systems for commercial and defense aircraft.
How to invest in RTX Corporation (RTX)
There are three common ways to get RTX exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (XAR, PPA, ITA), which spreads the position across many companies. Or build it into a focused thematic basket, so RTX sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where RTX fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on RTX Corporation (RTX)
RTX Corporation (RTX) is a diversified aerospace and defense compounder anchored by a recurring engine-and-systems aftermarket annuity and a large multi-year backlog. In a portfolio it behaves as a defensive, income-oriented blue chip, smoothing commercial-aerospace cyclicality with funded defense demand, though exposed to single-program risks like the Pratt & Whitney geared-turbofan issue.
More on RTX Corporation (RTX)
Whether RTX is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is RTX a buy?, and where the stock could go from here in the RTX stock forecast.
For income investors, whether RTX pays a dividend and how the payout looks is covered in does RTX pay a dividend?
Build a basket around RTX with Walnut
Use RTX Corporation as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What is RTX's ticker symbol?
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RTX, listed on the NYSE. Officially RTX Corporation, formerly Raytheon Technologies. Headquartered in Arlington, Virginia, and formed by the 2020 merger of Raytheon and United Technologies. It trades during US market hours and is available at every major US brokerage.
What does RTX do?
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RTX is a large aerospace and defense company with three businesses: Collins Aerospace (avionics, interiors, and aircraft systems), Pratt & Whitney (jet engines and engine servicing), and Raytheon (missiles, missile defense like Patriot, radars, and defense electronics). It serves commercial airlines and US and allied governments.
Who are RTX's main competitors?
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By segment. Defense primes: Lockheed Martin, Northrop Grumman, Boeing Defense, General Dynamics, L3Harris. Jet engines: GE Aerospace, CFM (GE-Safran), Rolls-Royce. Aerospace systems and avionics: Honeywell, GE Aerospace, Safran, and Thales compete with Collins Aerospace.
Is RTX the same as Raytheon?
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RTX is the parent company, and Raytheon is now its defense segment. The company was named Raytheon Technologies after the 2020 Raytheon-United Technologies merger and rebranded to RTX Corporation. The Raytheon name continues as the missiles-and-defense business within RTX.
Does RTX pay a dividend?
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Yes. RTX pays a regular quarterly dividend, typically yielding around 2%, and has a long history of dividend payments through its predecessor companies. The dividend, backed by recurring aftermarket and defense revenue, is part of why RTX is held as an aerospace and defense blue chip.
Is RTX a defense stock?
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Yes, and also a commercial-aerospace stock. Its Raytheon segment is a major defense prime in missiles and missile defense, while Collins Aerospace and Pratt & Whitney carry heavy commercial-aircraft exposure. Investors hold RTX for combined defense and commercial-aerospace exposure within aerospace and defense themes.
How does RTX make money?
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RTX makes money from original-equipment sales of engines, avionics, and defense systems, and importantly from long-tail aftermarket revenue: servicing, spares, and maintenance on its large installed base of engines and systems. Defense contracts and a multi-year backlog provide additional steady, funded revenue.
What was the Pratt & Whitney engine issue?
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Pratt & Whitney identified a powder-metal manufacturing issue affecting certain geared-turbofan engines, requiring accelerated inspections and engine removals. This grounded aircraft and created significant costs and cash impact for RTX. It is the most prominent recent program-execution risk weighing on the stock.
Is RTX in the S&P 500?
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Yes. RTX is a large-cap S&P 500 constituent and one of the biggest aerospace and defense companies by revenue. It is a core holding in aerospace-and-defense ETFs and appears in broad market and dividend-oriented funds.
Which thematic baskets typically include RTX?
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Aerospace and defense themes on Walnut. RTX is often a core holding in a defense basket as a large, diversified prime, complementing pure-play defense names and offering commercial-aerospace exposure through Collins Aerospace and Pratt & Whitney.
Which ETFs hold RTX?
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Aerospace-and-defense ETFs hold RTX at meaningful weights given its size, alongside broad S&P 500, industrials, and dividend ETFs. It is one of the largest holdings in dedicated defense funds and a notable industrials-sector constituent.
Is RTX a good stock to buy?
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Descriptive, not a recommendation. RTX offers diversified aerospace and defense exposure with a large backlog, recurring aftermarket revenue, and a dividend, balanced against program-execution risks like the geared-turbofan issue, government-budget dependence, and commercial-aerospace cyclicality. Whether it fits a portfolio depends on income and sector preferences. Walnut is informational, not investment advice.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with RTX Corporation's investor relations page or your broker before making investment decisions.