RTX's $289 Billion Backlog, Explained
Key PointsAs of Q2, defense orders accounted for 40% of RTX's $289 billion backlog.
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.
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