RTX stock slips as backlog meets a tougher execution test
Published on 11/12/2026 at 16:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRTX outlook shifts toward execution
- Management maintained its 2026 financial targets at the Baird conference.
- RTX expects sales, operating profit and free cash flow to grow across all three segments in 2027.
- Formal 2027 guidance is expected with the January earnings release.
RTX Corporation reaffirmed its 2026 targets at the Baird 2026 Global Industrial Conference on Tuesday, November 10, while adding detail on the path into 2027. The update keeps delivery, cash conversion and margin execution at the center of the investment case.
Investing.com reported that Chief Financial Officer Neil Mitchill maintained the sales target of 97.0 billion to 97.5 billion US dollars, adjusted earnings guidance of 7.65 to 7.75 US dollars per share and free cash flow guidance of 9.0 billion to 9.2 billion US dollars. Organic sales growth remains expected at 10% to 11%.
RTX stock traded at 180.15 euros on Lang & Schwarz at 16:36 CET on Thursday, November 12. The quote was 1.36% below the 182.63 euros cited in the previous report on November 12 at 14:07 CET, a separate comparison from the Xetra session.
Backlog supports the 2027 view
Management expects sales, operating profit and free cash flow to rise across Pratt & Whitney, Collins Aerospace and Raytheon in 2027. All three businesses are also expected to deliver operating-margin expansion, although the company has not yet issued formal 2027 guidance.
Raytheon enters the next year with more than 80% of expected 2027 sales in backlog, and at least 85% of that amount is fully funded. Four munitions framework agreements covering Tomahawk, AMRAAM, SM-6 and SM-3 have moved into roughly 70 billion US dollars of contracts, improving long-term demand visibility while leaving production and delivery as key execution tests.
One-time effects shape comparisons
The 2027 comparison will include a 0.25 US dollar per-share IEEPA benefit that will not recur. A pension-related headwind is expected to reduce adjusted earnings by 0.30 to 0.35 US dollars per share, while a reduction of roughly 500 million US dollars in powder-metal payments should support cash flow.
The January earnings release is the next scheduled point for formal 2027 targets. Investors will focus on backlog conversion, customer collections, commercial aftermarket demand and missile-program execution rather than on another immediate change to the 2026 outlook.
RTX Corporation
- Company: RTX Corporation
- ISIN: US75513E1010
- Ticker: RTX
- Home exchange: New York Stock Exchange
- Lang & Schwarz price: 180.15 euros at 16:36 CET on November 12, 2026
- Change since previous report: Down 1.36% from 182.63 euros at 14:07 CET on November 12, 2026
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