NEW YORK, July 11, 2026, 16:10 (EDT)
RTX Corporation NYSE:RTX edged up 0.37% to close at $195.93 on Friday. That came as Raytheon UK and its partners landed a £2 billion contract to train the British Army. Shares barely moved, as the 15-year job will be split among five firms.
With Friday’s close at $1.3401 per pound, the award comes to about $2.68 billion. Spread out over its term, that’s around $178.7 million each year. That’s 0.19% of the midpoint in RTX’s $92.5 billion to $93.5 billion adjusted-sales estimate for 2026. Adjusted sales is RTX’s own figure, leaving out certain accounting items. RTX hasn’t said what its share will be, so the 0.19% number uses the full consortium award and compares it to total group sales—this isn’t a direct RTX revenue forecast.
| Contract scale check | Amount |
|---|---|
| Main contract value | £2.00 billion |
| Dollar value as of Friday | $2.68 billion |
| Annualized average per year | $178.7 million |
| Yearly average vs RTX 2026 sales midpoint | 0.19% |
| RTX work share | Not disclosed |
The contract points to better long-term revenue visibility, rather than a fast bump in sales. The training program is set to blend virtual, synthetic, and data-driven approaches. Raytheon UK chief James Gray said it would provide soldiers and commanders with a “new level of training realism.” RTX
RTX still outperformed some of its bigger aerospace peers this week. Lockheed Martin NYSE:LMT, which is mostly a defense name, dropped 4.16%, and GE Aerospace NYSE:GE gave up 4.83%. The S&P 500 rose 1.2%.
| Security | Friday close | Week move |
|---|---|---|
| RTX | $195.93 | fell 1.67% |
| Lockheed Martin | $523.22 | dropped 4.16% |
| GE Aerospace | $359.27 | lost 4.83% |
| S&P 500 | 7,575.39 | rose 1.20% |
Move is from July 2 close to July 10 close; share-price returns do not include dividends.
Valuation is making it tougher for RTX to impress with new contracts. Shares changed hands on Friday at 36.8 times trailing earnings, putting its price-to-earnings ratio above Lockheed’s 25.3 and under GE’s 43.4. The spread points to investors giving RTX some credit beyond defense, but not to the level of GE’s commercial aerospace numbers. The street is still watching how RTX delivers, what its margins are, and how quickly it turns orders into sales.
Other RTX headlines this week circled back to the same story: output, not just demand. Raytheon on Tuesday said it’s working with European vendors to double Stinger missile output and is running NATO-funded studies to qualify more shops for the AMRAAM, or Advanced Medium-Range Air-to-Air Missile. No numbers were given for new orders. Tom Laliberty, head of Raytheon’s land and air defense unit, said the company is “laser-focused on doubling” Stinger output. RTX
The contract’s total size isn’t the same as profit, and year-to-year revenue could bounce around. RTX hasn’t said if it will get more or less than 20% of the full value, and milestone payments could make the timing lumpy. The deal gets riskier if there are delays, if costs run over, or if RTX gets less of the work. Back in April, management said RTX paid $500 million in tariffs and could try for refunds—dwarfing the contract’s $178.7 million yearly average before any partner share.
Next week, the U.S. consumer price index for June comes out Tuesday, followed by the producer price index Wednesday and retail sales Thursday, all at 8:30 a.m. ET. Both the CPI and PPI gauge inflation for consumers and wholesalers, and can shift Treasury yields or hit valuations, especially for expensive industrial stocks. RTX’s next planned update is its Q2 call set for July 23 at 7:30 a.m. EDT. Investors will be watching for any changes in sales, profit, or cash-flow guidance.
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