New York, Feb 21, 2026, 14:38 ET — The session wrapped up with the market closing.
- RTX finished Friday at $204.92, close to the day’s upper mark after moving through a bumpy session.
- Airbus signaled it could move to enforce its contract rights as the spat over Pratt & Whitney engine deliveries drags on.
- Raytheon and Collins, both RTX units, on Friday highlighted fresh milestones tied to the U.S. Navy and U.S. Air Force.
RTX Corporation wrapped up Friday’s session fractionally lower, off 0.2% at $204.92. Now, attention shifts to the coming week, as investors wait to see if the escalating dispute with Airbus over Pratt & Whitney engine shipments escalates into court proceedings.
This is key: Pratt & Whitney anchors the commercial aerospace supply chain. RTX’s defense arms, on the other hand, are plugged into a reliable stream of Pentagon contracts. Investors are paying up for a company that looks built to keep both engines turning in tandem.
Airbus trimmed its A320neo production target Thursday, expressing sharp frustration with engine supplier Pratt & Whitney—an RTX unit—over ongoing shortages in both engines and spare parts. “We are very dissatisfied,” CEO Guillaume Faury told analysts, adding that Airbus had already begun a “process” to “enforce our contractual rights” when pressed about possible legal steps. RTX would not comment for the report. Pratt currently powers about 40% of Airbus’ A320neo-family jets. The rest rely on engines from CFM, the Safran-GE partnership, although Airbus noted CFM isn’t making up the shortfall with extra shipments. (Reuters)
On Friday, RTX pushed out a string of positive defense news. Its Raytheon arm announced the U.S. Navy has cleared the StormBreaker for use on the F/A-18E/F Super Hornet, touting it as a go-to precision weapon, rain or shine. “Precision strike in all weather conditions,” said Raytheon’s Sam Deneke. (RTX)
Collins Aerospace, part of RTX, has completed a test flight of its Sidekick mission autonomy software on a YFQ-42A uncrewed jet built by General Atomics, as part of the U.S. Air Force’s Collaborative Combat Aircraft effort. The company said Sidekick’s autonomy mode kept the aircraft flying for four hours, overseen by a ground operator. Executive Ryan Bunge credited an “open systems approach” for speeding up the integration process. (RTX)
Traders know the drill. Contract wins and flashy tech demos bolster the defense story, yet it’s the commercial engine cycle that’s really moved the needle for how the market rates RTX’s cash flow and delivery.
Friday brought another twist for RTX: shares started trading ex-dividend. Investors picking up the stock from that day forward won’t get the coming quarterly dividend; RTX still aims to pay out $0.68 per share on March 19 to holders who were on record as of Feb. 20. (RTX)
Put this one on the radar too: an RTX insider submitted a Form 144 with the U.S. Securities and Exchange Commission, flagging a possible sale. The Form 144 is just a heads-up about plans to sell restricted or control securities — it doesn’t mean any shares have actually changed hands yet. (SEC)
The Airbus dispute drags peers into the spotlight, largely by proxy. A prolonged A320neo bottleneck pushes pressure down the supply chain, hitting rival engine makers such as CFM. Airlines could also see their delivery schedules disrupted.
The risk for RTX is clear enough. Legal action from Airbus, or continued trouble with engines and spare parts, could leave Pratt & Whitney dealing with steeper costs, stricter demands from customers, and renewed questions about delivery schedules. Those headaches tend to surface down the line, hitting margins and cash flow.
U.S. markets resume trading Monday, with attention on RTX for any word about its impasse with Airbus. Investors are eyeing hints of movement—deal or lawsuit. The next key date: March 19, when the dividend is due.
