RTX wins USD 729 million contract. TD Cowen cuts target for RTX Corporation stock

Published on 10/15/2026 at 10:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TD Cowen cut target from USD 240 to USD 225 on October 9, 2026. RTX Corporation stock costs EUR 167.95 on October 15, 2026, 0.48 percent above Xetra close.

Contracts and earnings timeline

Raytheon won USD 729 million in counter-drone contracts on October 13, 2026.
RTX reported USD 24.71 billion in second-quarter 2026 revenue, up 14.50 percent year over year.
RTX Corporation stock trades at EUR 167.95 at 10:38 a.m. CEST at Lang & Schwarz on October 15, 2026, 0.48 percent above the Xetra close of October 14, 2026.

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RTX Corporation (ISIN US75513E1010) was trading at EUR 167.95 at Lang & Schwarz on October 15, 2026, at 10:38 a.m. CEST, 0.48 percent above the Xetra close of October 14, 2026 at EUR 167.15. On October 13, Raytheon won USD 729 million in counter-drone contracts, while TD Cowen cut its target from USD 240 to USD 225 on October 9, according to Benzinga.

What does the contract add?

The latest award covers components of the Low, slow, small, unmanned aircraft Integrated Defeat System for the U.S. Army, Qatar and Jordan. The program combines 360-degree threat detection with Coyote effectors designed to defeat individual drones and swarms, according to RTX. The company said it is expanding production and upgrading launch speed, range and altitude capability.

Three contracts mark the buildup

On July 23, RTX reported USD 24.71 billion in second-quarter 2026 revenue, up 14.50 percent from the prior-year quarter, according to Stock Analysis. On October 8, Raytheon secured a five-year SM-3 Block IB contract valued at up to USD 6.30 billion, according to RTX. The October 13 counter-drone award is the latest of the three events.

When are the next results?

RTX is scheduled to release third-quarter 2026 results before the U.S. market opens on October 20, 2026, according to Benzinga. Its consensus revenue estimate is USD 24.05 billion, compared with USD 22.48 billion in the year-ago quarter, while the earnings estimate is USD 1.77 per share versus USD 1.70.

Stock holds near its recent range

The primary listing is on the NYSE, and the finance snapshot put RTX's market capitalization at USD 251.3 billion and its 52-week range at USD 125.43 to USD 226.88 as of October 14, 2026. The euro quote therefore sits below the primary-market high while investors await the October 20 report.

RTX Corporation was trading at EUR 167.95 at Lang & Schwarz on October 15, 2026, at 10:38 a.m. CEST, 0.48 percent above the Xetra close of October 14, 2026 at EUR 167.15. The further course of trading is shown by the continuously updated real-time quote of RTX Corporation stock.