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Sristi Suman Jayaswal

A $289 Billion Reason to Buy RTX Stock

RTX Chris Calio Morgan Stanley Raytheon Collins Aerospace Pratt Whitney

For an aerospace and defense company, having a lot of orders is one thing. Knowing that those orders can stretch years into the future is where the real value lies. That is what makes RTX's (RTX) roughly $289 billion backlog as of June 2026 worth a closer look.

RTX Chairman and CEO Chris Calio recently highlighted the figure at Morgan Stanley’s annual Laguna Conference, noting that it does not include five major munitions framework agreements or the recently awarded seven-year, $22.9 billion Tomahawk contract.

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