RTX Corporation (RTX) Stock Price & How to Invest

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.

The business has been growing faster than its blue-chip label suggests. Revenue reached about $88.6 billion in 2025 and about $93.5 billion over the twelve months to June 2026. Q2 2026 revenue was about $24.7 billion, up about 14.5% year over year, and adjusted EPS of $1.89 beat the $1.66 consensus. The stock has cooled after a strong 2025: as of October 16, 2026 it closed near $191.41, up about 2% year to date and about 22% over the past year, below a 52-week high of about $226.88. In mid-October Raytheon was selected to modernize the US Space Force's global early warning radars, and Q3 2026 results are due October 20, 2026.

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. Debt of about $38.9 billion against about $8.3 billion of cash limits flexibility. Valuation is another consideration: at about 34 times trailing and 24 times forward earnings, the shares price in continued growth, and some analysts trimmed targets in October 2026 (RBC cut its target to $235 from $250). 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.

23 analysts publish price targets on RTX, averaging $227.78 against a $193.92 price as of October 2026, or +17.5%. The published targets run from $200.00 to $250.00, a narrow spread, and the ratings split 16 buy, 8 hold, 0 sell. Over the last six months there have been 7 raises and 4 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full RTX forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on RTX Corporation. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Commercial aftermarket. RTX earns large, recurring, high-margin revenue servicing the vast installed base of Pratt & Whitney engines and Collins systems. The most optimistic published target, $250.00, assumes this works close to its best case.

The case against. 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. The most pessimistic target, $200.00, is roughly what RTX is worth if this bites instead.

Read the full bull and bear case on RTX, including what would have to change to break either one. Walnut is not an investment adviser.

Yes. RTX Corporation (RTX) has had one share split in the last 10 years:

• 15890:10000 on April 3, 2020, so every share held became 1.589 shares.

A split changes the share count and the price per share and leaves the value of a holding unchanged. Someone holding $1,000 of RTX the day before the 15890:10000 split held $1,000 the day after, in more shares at a proportionally lower price. Historical prices from before the date are normally shown split-adjusted, which is why a long-run chart shows no cliff.

Splits matter mainly because they make older price figures confusing to compare by hand, and because a board choosing to split is usually signalling that the price has run up far enough to feel awkward for smaller buyers. Neither is a reason to buy or sell.

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): ~$93.5 billion
• Revenue growth (Q2 2026, YoY): ~14.5%
• Operating margin: ~12.7%
• Net income (TTM): ~$7.7 billion
• P/E (trailing / forward): ~34x / ~24x
• Dividend yield: ~1.6% ($2.92 per share annually)
• Free cash flow (TTM): ~$9.9 billion
• Market cap: ~$258 billion

RTX trades as a large, dividend-paying aerospace and defense blue chip, now at about 34 times trailing and 24 times forward earnings after a 22% one-year gain. The premium rests on double-digit revenue growth, four straight quarterly EPS beats and about $9.9 billion of trailing free cash flow, weighed against program-execution risk like the geared-turbofan issue. Q3 2026 results on October 20 (consensus EPS about $1.78 on about $24.1 billion of revenue) are the next check.

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.

These are the investment theses RTX naturally fits into. Each links to a full theme guide listing every other stock that belongs and the ETFs commonly used as a passive proxy.

Other names that sit close to RTX: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

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 (PPA, ITA, XLI), which spreads the position across many companies. Or build it into a focused thematic portfolio, so RTX sits alongside other stocks that express the same thesis.

Walnut takes the portfolio 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.

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. Revenue grew about 14.5% in Q2 2026 and earnings have beaten estimates four quarters running. 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.

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 or a sell?, 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? And to weigh RTX against a peer, read the full side-by-side comparisons: RTX vs LMT and RTX vs NOC.