Intelligence Feed event · Geopolitical · 2026-09-02

    RTX backlog expands to $289B following $22.9B Tomahawk missile contract

    Question

    RTX backlog expands to $289B following $22.9B Tomahawk missile contract

    Direct answer

    RTX demonstrated strong order intake with total backlog expanding 22% year-over-year to $289 billion. The backlog mix stands at 60% commercial aerospace and 40% defense. Revenue for Q2 grew 14% to $24.7 billion, reinforced by the award of a $22.9 billion seven-year contract for Tomahawk cruise missiles that extends defense program visibility through the decade.

    Original publisher
    Market Ontology
    Evidence through
    2026-09-02
    Published
    2026-10-20
    Revision
    1 · 2026-10-20

    Cite as: Market Ontology, “RTX backlog expands to $289B following $22.9B Tomahawk missile contract”, revision 1, evidence through 2026-09-02. https://marketontology.com/market-events/2026-09-02/rtx-backlog-expands-to-289b-following-22-9b-tomahawk-missile-contract-bbfb7e

    GEOPOLITICAL
    RTX backlog expands to $289B following $22.9B Tomahawk missile contract
    RTX demonstrated strong order intake with total backlog expanding 22% year-over-year to $289 billion. The backlog mix stands at 60% commercial aerospace and 40% defense. Revenue for Q2 grew 14% to $24.7 billion, reinforced by the award of a $22.9 billion seven-year contract for Tomahawk cruise missiles that extends defense program visibility through the decade.
    RTX
    Impact
    65
    SEP 2
    SIG
    85%
    RTX
    RTX backlog expands to $289B following $22.9B Tomahawk missile contract
    RTX demonstrated strong order intake with total backlog expanding 22% year-over-year to $289 billion. The backlog mix stands at 60% commercial aerospace and 40% defense. Revenue for Q2 grew 14% to $24.7 billion, reinforced by the award of a $22.9 billion seven-year contract for Tomahawk cruise missiles that extends defense program visibility through the decade.
    → Long-term multi-year defense procurement awards expand multi-year visibility and free cash flow conversion for prime defense contractor RTX.
    Impact
    RTX demonstrated strong order intake with total backlog expanding 22% year-over-year to $289 billion. The backlog mix stands at 60% commercial aerospace and 40% defense. Revenue for Q2 grew 14% to $24.7 billion, reinforced by the award of a $22.9 billion seven-year contract for Tomahawk cruise missiles that extends defense program visibility through the decade.
    Affected
    RTX
    Transmission
    Long-term multi-year defense procurement awards expand multi-year visibility and free cash flow conversion for prime defense contractor RTX.

    How this development reaches the affected companies

    AssetExposure and channelDirectionEvidence
    RTXbacklog expansion driving multi-year revenue visibility and cash flowUp1-4wRTX reported $289B backlog, +22% YoY growth, and $22.9B Tomahawk contract

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    What happened next

    AssetCallBase close+1 day+5 days+20 days
    RTXUpdisagreed200.78 2026-09-02+0.67%-1.32%-10.22%

    Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.

    No verifiable public source recorded for this card.

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