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RTX's $289 Billion Backlog, Explained

The Motley Fool·
RTX's $289 Billion Backlog, Explained

RTX reported a $289 billion backlog with 22% year-over-year growth, driven by strong commercial aerospace (60%) and defense (40%) orders. The company posted 14% revenue growth to $24.7 billion in Q2 and recently secured a $22.9 billion seven-year Tomahawk cruise missile contract, supporting guidance of $95-96 billion in annual sales.

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