RTX now has a $218 billion backlog for its commercial aircraft and defense products

By Jerry  Published On January 31, 2025

As geopolitical tensions rise around the world, defense contractors like RTX, which specializes in commercial aircraft systems and defense products and weapons, are seeing their sales pick up.

RTX said on Tuesday that it now has a $218 billion backlog for its commercial aircraft and defense products—owing to an uptick in passenger air-travel activity as well as new U.S. and international weapons and defense contracts. On an call with investors following its fourth quarter earnings report, RTX CEO Christopher Calio said that it had more than 30 defense systems being used in active combat around the world, and that there had been “tremendous” demand for its Patriot missile defense system, F135 propulsion system, and Coyote kinetic effector, among other products.

Part of the backlog—which is 11% larger than it was at the end of 2023—is new business. RTX said it had received more than $112 billion in new contracts in 2024 alone. The defense portion of the backlog increased 19% year over year, from $78 million at the end of 2023. Calio also pointed to increased defense spending from NATO nations right now, highlighting Poland—which has recently said it was spending some 5% of its gross domestic product on defense—as well as countries in the Indo-Pacific.

Source: FORTUNE

 


Leave A Reply

Your email address will not be published. Required fields are marked *

*