RTX reported $21.6 billion in sales during the second quarter of 2025, marking a nine percent year-over-year growth.
Q2 2025 Highlights
In an earnings statement published Tuesday, the aerospace and defense company reported a backlog of $236 billion at the end of the quarter, up 15 percent compared to the same period in 2024. This figure includes $144 billion and $92 billion in commercial and defense contracts, respectively.
The company also reported that GAAP earnings per share stood at $1.22 while the adjusted EPS rose by 11 percent to $1.56. RTX generated $0.5 billion in operating cash flow, with a free cash outflow of $0.1 billion.
“We continued our momentum in the second quarter with organic sales and profit growth across all three segments, including 16 percent commercial aftermarket growth,” said Chris Calio, chairman and CEO of RTX. “Our backlog grew to $236 billion, up 15 percent versus prior year, and we secured major awards for our geared turbofan engines and integrated air and missile defense capabilities in the quarter.”
Earnings Report of RTX Core Segments
Collins Aerospace produced $7.6 million in revenue, driven by its expansion in the commercial air traffic market and across the F-35 and the Survivable Airborne Operations Center programs and other platforms. The RTX segment’s sales increased by nine percent from the previous year, including 13 percent in commercial aftermarket, 11 percent in defense and one percent in commercial original equipment, or OE. The company delivered fewer OE components for the 737 MAX but compensated for it with an increase in delivery of OE components for the 787 and other aircraft. In addition, Collins Aerospace generated an operating profit of $1.2 million, up five percent from the previous year.
Pratt & Whitney’s second quarter revenue rose 12 percent to $7.6 million, despite a four-week work stoppage. The growth was fueled by a 19 percent rise in commercial aftermarket sales and a 15 percent increase in commercial OE sales. The business segment also generated an operating profit of $492 million, reflecting a nine percent decline mainly due to a customer bankruptcy.
Raytheon reported $7 million in sales, an eight percent growth, driven by increased demand for land and air defense systems, including international Patriot and national advanced surface-to-air missile systems, and naval programs, such as the SPY-6 and Evolved SeaSparrow Missile. The company achieved an operating profit of $805 million.
