Great News for RTX Investors (Hint: It Relates to Its Record $289 Billion Backlog)

RTX's $289 billion backlog is expected to grow significantly, potentially reaching $460.5 billion by 2028. CEO Chris Calio highlighted strong demand across commercial aerospace and defense markets, including a $22.9 billion Tomahawk cruise missile order and five framework agreements with the Department of Defense that could increase volumes 2-4x. With 45% of RPO tied to long-term maintenance contracts and lower execution risk compared to competitors, RTX is well-positioned for sustained revenue growth.