Published: November 22, 2025
Meta description (for SEO):
RTX stock closed around $169 per share heading into the November 22 weekend, slightly lower on the day but still up nearly 50% year to date as a $1.25 billion Iron Dome missile deal, strong Q3 2025 earnings and a rising dividend keep the long-term outlook in focus.
RTX stock price today (as of the last trading session)
RTX Corporation (NYSE: RTX), the aerospace and defense group formerly known as Raytheon Technologies, ended the last trading session before the weekend at $169.68 per share, down about 1.8% on the day.
Despite the modest pullback, RTX remains one of 2025’s standout defense names:
- Year‑to‑date performance: roughly +47% as of November 22, underlining a powerful rally supported by rising defense budgets and a recovery in commercial aerospace. [1]
- 52‑week range: about $112.27 – $181.31, keeping the current price not far below record territory. [2]
- Market capitalization: around $230+ billion, placing RTX firmly among the largest global defense and aerospace players. [3]
According to one recent analysis, RTX shares have dipped roughly 2–3% since the company’s late‑October earnings report, slightly lagging the broader S&P 500 even though the company delivered strong headline numbers. [4]
Fresh contract wins: Iron Dome and NASAMS boost RTX’s defense story
The biggest near‑term catalyst for RTX stock heading into November 22 is a new $1.25 billion missile contract for Israel’s Iron Dome air defense system.
On November 21, RTX said its Raytheon‑Rafael Protection Systems joint venture secured a $1.25 billion order to supply surface‑to‑air Tamir missiles, kits and test equipment for Iron Dome. [5]
Key points for investors:
- The contract includes a $33 million capital investment in a new East Camden, Arkansas facility that will produce missiles for both Iron Dome and its U.S. variant SkyHunter, broadening RTX’s domestic production footprint. [6]
- The deal underscores the surging demand for short‑ and medium‑range air defense systems as geopolitical tensions remain elevated in multiple regions. [7]
Earlier this week, RTX also won a $698.9 million NASAMS contract tied to Taiwan, supplying fire units under the U.S. Foreign Military Sales (FMS) program. That award is aimed at reinforcing Taiwan’s layered air defense network. [8]
Taken together, these orders:
- Add visibility to RTX’s already large backlog of missile and air‑defense programs.
- Support management’s decision to raise 2025 profit and revenue guidance last month, citing strong demand for munitions and aftermarket services. [9]
- Strengthen the investment narrative that RTX is a key beneficiary of rising global defense spending, especially in air and missile defense.
For RTX stock, such multi‑year contracts help investors look past short‑term price swings and focus on recurring revenue and cash‑flow durability.
Q3 2025 earnings: double‑digit growth and higher guidance
RTX’s recent earnings backdrop helps explain why the stock has climbed so far in 2025, even if it is pausing after a big run.
For Q3 2025, RTX reported: [10]
- Sales: $22.5 billion, up 12% year over year.
- Adjusted EPS:$1.70, up 17% from $1.45 a year ago.
- GAAP EPS: $1.41 versus $1.09 in the prior‑year quarter.
- Free cash flow:$4.0 billion, more than doubling year over year.
Zacks noted that RTX’s adjusted EPS beat the consensus estimate by nearly 20%, yet shares slipped about 2.4% in the month after earnings as investors digested the strong run‑up in the share price and reassessed valuations. [11]
Importantly for RTX stock’s long‑term thesis, management raised full‑year 2025 guidance:
- Adjusted EPS outlook: lifted to roughly $6.10–$6.20 per share. [12]
- Revenue guidance: tightened higher to about $86.5–$87.0 billion for 2025. [13]
That implies solid double‑digit growth and, by extension, helps investors frame RTX’s valuation:
- At $169.68, RTX trades at roughly 28× the midpoint of that 2025 EPS range — a premium multiple for a defense name, but one that the market appears willing to pay because of RTX’s mix of defense, engines and aerospace systems.
Engines and aerospace: GTF issues vs. long‑term opportunity
Beyond missiles and air defense, RTX’s Pratt & Whitney engine business remains in the spotlight for both risks and opportunities.
The GTF recall overhang
Pratt & Whitney’s Geared Turbofan (GTF) engines have struggled with a multi‑year recall and inspection program linked to a metal powder defect, which has forced airlines around the world to ground hundreds of aircraft while engines are inspected and repaired. [14]
To address the disruption and costs:
- RTX expects compensation impacts from GTF issues to total roughly $1.1–$1.3 billion in 2025. [15]
- Pratt & Whitney developed a new additive manufacturing repair process for GTF components that can cut repair times by more than 60% and recover about $100 million worth of parts over five years. [16]
While the recall remains a drag on profitability and investor sentiment, the repair innovations and compensation framework provide a clearer path to normalization over the next few years.
Demand stays strong despite issues
Despite the challenges, demand for Pratt & Whitney engines has remained robust:
- RTX says Pratt & Whitney has received nearly 1,100 GTF engine orders and commitments in 2025 alone, bringing total GTF family orders and commitments to more than 12,000 engines from over 90 customers. [17]
- In June, Wizz Air chose Pratt & Whitney GTF engines for 177 Airbus A321neo aircraft already on order, expanding its total GTF‑powered fleet order to 453 aircraft. The deal is tied to a broader settlement to address disruption from grounded jets and includes a long‑term maintenance agreement. [18]
- Recent commentary out of the Dubai Airshow indicated Pratt & Whitney has effectively filled Airbus’s engine needs for 2025 and is in discussions about requirements through 2028, with production poised to ramp 8–10% amid ongoing supply‑chain challenges. [19]
RTX has also secured type certification from the European Union Aviation Safety Agency (EASA) for the GTF Advantage engine, a next‑generation variant with more thrust, better fuel efficiency and improved durability. Entry into service is expected in 2026. [20]
For RTX stock, the message is mixed but ultimately constructive:
- The GTF recall and grounded aircraft remain a near‑term risk and expense.
- Yet strong new orders, repair innovations and certification of GTF Advantage support a multi‑year runway of growth once the worst of the disruption passes.
Dividend, balance sheet and valuation snapshot
Income‑oriented investors watching RTX stock got another positive signal in late October.
On October 30, 2025, RTX’s board declared a quarterly cash dividend of $0.68 per share, payable on December 11, 2025 to shareholders of record as of November 21, 2025. [21]
At Friday’s closing price near $169.68, that works out to an annualized dividend yield of roughly 1.6%, modest but backed by:
- Strong free cash flow, with Q3 2025 free cash flow of about $4.0 billion. [22]
- Management’s track record of returning capital through a mix of dividends, buybacks and debt reduction; for example, RTX used its cash this year to pay down debt while returning close to a billion dollars to shareholders in the most recent quarter. [23]
On the balance‑sheet and valuation side, recent data show: [24]
- Debt‑to‑equity ratio: around 0.58, a moderate leverage profile for a defense/aerospace conglomerate.
- Current ratio: roughly 1.07 and quick ratio about 0.81, suggesting adequate short‑term liquidity.
- Trailing P/E: about 35×, with a P/E/G ratio near 2.8.
- Beta: approximately 0.64, indicating that RTX stock has historically been less volatile than the overall market.
Those figures reinforce the idea that RTX trades as a high‑quality, premium‑valued industrial/defense hybrid rather than a deep‑value play.
Technical and sentiment backdrop: a strong run, then a breather
From a technical and sentiment standpoint, RTX’s momentum remains impressive even after this week’s pullback.
A mid‑November analysis highlighted that RTX had climbed 11.9% over the prior month and 53.2% year to date, reflecting strong investor enthusiasm for defense names and RTX’s improving fundamentals. [25]
Investor’s Business Daily recently noted that: [26]
- RTX’s Composite Rating rose to 97, meaning it outperforms roughly 97% of all stocks on a blend of earnings, sales, margins and relative price strength.
- RTX shares had broken out above a prior buy point around $136 and then moved well past the official “buy zone,” a sign the stock has been in an extended uptrend.
More quant‑driven research has also highlighted RTX’s strong “momentum” score and positive dividend and growth metrics, while flagging that its value score is somewhat less compelling — shorthand for “great story, not cheap.” [27]
For traders, the recent dip toward the high‑$160s may simply represent normal consolidation after a big move, while longer‑term investors may view it as a reminder to keep valuation discipline in mind.
Key risks RTX investors should keep in view
Even with the bullish contract wins and earnings momentum, RTX stock is not risk‑free. Some of the main watch‑items include:
- Execution on GTF repairs and compensation
- Continued delays, additional technical findings or airline dissatisfaction around the GTF recall could pressure margins and weigh on the stock, particularly if compensation estimates for 2025–2026 have to rise again. [28]
- Defense‑budget and geopolitical risk
- RTX is benefiting from elevated defense spending in the U.S., Europe and Asia, but shifts in political priorities, peace deals, or budget caps could soften order growth over time.
- Supply‑chain and labor constraints
- The aerospace recovery continues to be held back by parts and labor shortages, and Pratt & Whitney only recently resolved a major machinists’ strike in Connecticut through a new four‑year contract. [29]
- Valuation risk after a big run
- With RTX trading well above its early‑2025 levels and at a premium multiple relative to many industrials, disappointment on future earnings or cash flow could trigger larger‑than‑usual pullbacks.
RTX stock outlook: what to watch after November 22, 2025
Looking beyond this weekend, here are the main themes and catalysts RTX stock watchers are likely to focus on:
- Integration and execution on new missile contracts
Investors will want to see smooth ramp‑up of production for Iron Dome Tamir missiles in Arkansas and continued progress on NASAMS deliveries for Taiwan without margin surprises. [30] - Updates on GTF recall costs and engine availability
Any fresh commentary on grounded aircraft counts, repair turnaround times, or compensation estimates will be scrutinized, especially as RTX rolls out additive manufacturing repairs and prepares GTF Advantage for service. [31] - Commercial aerospace recovery and MRO partnerships
RTX’s Collins Aerospace division and Pratt & Whitney’s aftermarket business benefit from rising flight hours and new MRO (maintenance, repair and overhaul) partnerships with global airlines such as Emirates and Qatar Airways, which may underpin steady revenue growth. [32] - Free cash flow and capital returns in Q4 and 2026 guidance
With free cash flow already surging and the dividend growing, the next earnings report and 2026 outlook will be closely watched for signals on buybacks, further dividend hikes and debt reduction. [33] - Relative performance vs. other defense giants
RTX now sits alongside names like Lockheed Martin and Northrop Grumman in investors’ defense baskets. All three recently raised outlooks, but RTX’s combination of defense plus commercial engines and systems gives it a somewhat different risk‑reward profile. [34]
Bottom line
As of November 22, 2025, RTX stock enters the weekend slightly off recent highs but still riding an exceptional 2025 run. A powerful mix of:
- Large, multi‑year missile and air‑defense contracts,
- Double‑digit revenue and earnings growth,
- Progress on resolving GTF engine issues, and
- A growing dividend backed by robust free cash flow
has made RTX one of the market’s standout defense and aerospace stories this year.
At the same time, investors need to balance that strength against premium valuation, execution risk on engines and supply‑chain challenges. For now, RTX remains a stock at the intersection of global security priorities and the ongoing recovery in commercial aviation—a place where both opportunity and scrutiny are likely to stay high.
References
1. www.smartkarma.com, 2. www.marketbeat.com, 3. www.marketbeat.com, 4. www.nasdaq.com, 5. www.reuters.com, 6. www.reuters.com, 7. www.reuters.com, 8. thedefensewatch.com, 9. www.reuters.com, 10. www.rtx.com, 11. www.nasdaq.com, 12. www.investors.com, 13. www.investors.com, 14. www.flightglobal.com, 15. www.reuters.com, 16. www.reuters.com, 17. www.rtx.com, 18. www.reuters.com, 19. www.reuters.com, 20. www.rtx.com, 21. www.rtx.com, 22. www.rtx.com, 23. leverageshares.com, 24. www.marketbeat.com, 25. finance.yahoo.com, 26. www.investors.com, 27. www.smartkarma.com, 28. www.flightglobal.com, 29. www.flightglobal.com, 30. www.reuters.com, 31. www.reuters.com, 32. www.zacks.com, 33. www.rtx.com, 34. www.investors.com
