RTX reported on Tuesday, October 20, that sales at its Raytheon business rose 14 per cent year-on-year to $8.03 billion in the third quarter of 2026.
The company said the growth came from higher volumes on naval programmes and on land and air defence systems, including Patriot, Standard Missile and Tomahawk systems.
Raytheon's segment operating profit increased 32 per cent to $1.13 billion, and return on sales rose to 14.1 per cent from 12.2 per cent. RTX attributed the improvement to better net productivity, higher volumes and favourable mix.
During the quarter, RTX received multi-year, undefinitised production contracts for Tomahawk and AMRAAM. Its earnings presentation lists $23.0 billion in Tomahawk awards and $14.3 billion for AMRAAM.
RTX said the contracts support annual production of more than 1,000 Tomahawks and an increase to 1,900 AMRAAMs.
The seven-year Tomahawk contract, announced on August 17, covers missiles for the US Navy and allied customers. It followed framework agreements signed in February with the US Department of Defense covering Tomahawk, AMRAAM, SM-3 Block IB, SM-3 Block IIA and SM-6.
Raytheon's backlog reached $130 billion, with a third-quarter book-to-bill ratio of 6.54. RTX's total backlog stands at $340 billion.
After the quarter closed, the US Navy announced an SM-6 award worth up to $24.4 billion on October 1. RTX announced an SM-3 Block IB contract valued at up to $6.3 billion on October 8.