RTX lifted its forecast for the third time this year, reflecting demand in aerospace and defense. The defense contractor said new commercial and defense awards totaling over $81 billion during the latest third quarter pushed its total backlog to a record $340 billion.
The awards announced by RTX covered both commercial and defense business, underscoring the strength of demand across the company’s aerospace and defense operations. New orders received during the latest third quarter contributed to a larger total backlog, which reached a record $340 billion.
The forecast increase marks the third revision this year. According to RTX, over $81 billion in new commercial and defense awards were announced during the latest third quarter. Those awards drove the company’s total backlog to a record level, highlighting the scale of demand cited in its latest update.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing