RTX Secures $45B in Missile Contracts as Defense Backlog Hits $119B

Key Facts

1RTX secured twin missile contracts worth $45 billion over the past few days.

2The company's defense backlog grew 11.2% YTD to approximately $119 billion.

RTX secured twin missile contracts worth $45 billion over the past few days. Seeking Alpha reported that these wins helped the company's defense backlog grow by 11.2% year-to-date to approximately $119 billion.

RTX closed at $185.01 on October 1, 2026, after reaching a session high of $186.74. The acceleration in orders is driven by increased procurement from the United States and its allies, supporting sustained long-term growth for the company's defense segment.