RTX Corp. Reports Strong Q1 Sales Growth

RTX Corp. has announced a notable 5% increase in its first-quarter revenue, totaling $20.3 billion compared to the previous year. Despite this growth, the company experienced a 10% decline in net income, which settled at $1.5 billion, alongside an 11% drop in earnings per share (EPS) to $1.14.

Segment Performance Highlights

Collins Aerospace saw an 8% rise in sales, reaching $7.2 billion, while Pratt & Whitney reported a 14% increase in revenue to $7.4 billion. Conversely, Raytheon faced a 5% decrease in sales, ending the quarter at $6.3 billion.

2025 Outlook and Backlog

Looking ahead, RTX has set its 2025 guidance with adjusted sales projected between $83 billion and $84 billion. This forecast includes an organic growth of 4% to 6% and an adjusted EPS ranging from $6.00 to $6.15.

"The current environment is clearly very dynamic, but our company is well positioned to perform operationally and our teams remain focused on executing on our commitments and delivering our robust backlog," stated CEO Chris Calio. The company boasts a substantial backlog of $217 billion, comprising $125 billion in commercial and $92 billion in defense sectors.