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StocksMediumUpdated×4•Originally published 29 March 2026•Updated 31 March 2026•

1 min read

RTX Secures Massive $6.6 Billion F-35 Engine Contract Amid Defense Portfolio Expansion

Key Facts

1RTX Corporation secured a $2.01 billion contract modification for the production of next-generation cruise missiles.

2 months ago

Version History

8 additional sources confirmed this story

Version 42 months ago

What changed: The story was updated to include the contract's impact on CapEx and revenue mix, while highlighting concerns over high debt levels and recent stock momentum weakness.

Version 32 months ago

What changed: The story was updated to include the massive new $6.6 billion contract for F135 engines, which significantly dwarfs the previously reported missile contract.

Version 22 months ago

What changed: Updated the story to include RTX's new $125 million contract award from USTRANSCOM for simulation tools.

Version 12 months ago

What changed: Updated to include the 1.5% share price drop despite the contract win, along with strong Q4 earnings results and concerns regarding insider selling.

Pratt & Whitney, an RTX subsidiary, has secured a $6.6 billion contract modification for F135 engine production across Lots 18 and 19 for the F-35 Lightning II program. This massive award is expected to significantly influence the company's revenue mix while increasing capital expenditure (CapEx) requirements to expand production capacity. Despite the scale of these defense wins, RTX's high level of debt remains a primary concern for its financial structure. The stock has recently exhibited momentum weakness coinciding with the contract announcement, dipping 1.5% to $186.8560. Nevertheless, analysts maintain a 'Moderate Buy' consensus, pointing to robust long-term returns and a substantial project backlog. To date, the company has delivered over 1,400 F135 engines, supported by a 20% increase in production rates to meet global demand.