RTX's $289 Billion Backlog, Explained
The makeup of RTX's massive backlog might not be what you would expect.
RTX Corporation, a major player in the defense industry, has seen significant growth in recent quarters, with revenue increasing by 14% year over year to $24.7 billion in the second quarter. The company's non-GAAP adjusted earnings per share also rose by 21% to $1.89. An even more striking figure is the company's backlog, which has reached an impressive $289 billion, a 22% increase compared to the previous year. However, the composition of this substantial backlog may not be as straightforward as it seems.
Brief written by urgent.news from Motley Fool's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- RTX's $289 Billion Backlog, Explained nasdaq.com
