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RTX −1.46% on Nov 12 · Analysis updated Nov 12, 2026, 4:52 PM ET
Why is RTX Corporation (RTX) stock down?
RTX closed at $198.36 on Nov 12, down about 1.5% from $201.29 after trading as high as $204.27. The stock has recovered from the $189.53 close on Nov 6 but is stalling near the $204-206 area, close to the Nov 3 high of $205.6. Volume on the recent rebound has been lighter than during the Nov 4-5 sell-off, so the recovery has not drawn heavy buying. Fundamentals remain strong. Q3 EPS of $2.26 beat estimates of about $1.78, full-year sales guidance rose to $97B and free cash flow guidance to $9B, and the backlog stands at $340B. Recent large missile contracts and management's expectation of 2027 growth add support. Analyst targets include UBS at $212 (Neutral) and Barclays at $235 (Overweight). The $0.73 dividend goes ex on Nov 20. The main overhang is budget uncertainty, since the extra defense funding request appears unlikely to pass in full. The Q4 report on Nov 25 is the next scheduled catalyst.
News behind the analysis
- RTX Stock Update: Rises 0.51%, Up 1.4% in Five SessionsRTX closed at $201.29 on Nov 11, up 7.95% over the past month. The article describes a recovery inside a wider three-month range, not a breakout to new highs.
- RTX Corp Stock (RTX) Moved Up by 3.32% on Nov 9: Drivers Behind the MovementRTX rose 3.32% on Nov 9. The article credits defense and commercial aerospace demand, and says it underperformed its sector.
- Institutional share purchase coincides with RTX stock price holding above the 200-day moving averageRTX gained 3.76% to trade at $196.65, helped by institutional buying. The article sees a projected range of $188.71 to $204.59.
- Martinrea Announces New Working Relationship With RaytheonMartinrea's TruNorth units will help Raytheon speed up Tomahawk cruise missile production using lean manufacturing methods.
- RTX's Raytheon to develop new optical signal processing capabilityRaytheon won a phase one DARPA PICASSO contract to develop an all-optical processing system.
- RTX's Raytheon Wins Contract to Develop Optical Processing SystemMarketScreener covers the Nov 3 DARPA phase one award to Raytheon.
- RTX Corporation (RTX) Latest Stock News & HeadlinesThe headlines cover the $0.73 dividend with a Nov 20 ex-date. They also cover RTX's expected 2027 growth and its $340B backlog.
- RTX Corporation (RTX) Stock Price & OverviewFY26 outlook is unchanged, with a $340B backlog. UBS raised its target to $212 (Neutral) and Barclays raised its target to $235 (Overweight) after Q3.
- RTX Q3 2026 earnings recapQ3 EPS was $2.26 against about $1.78 expected. 2026 sales guidance rose to $97B and free cash flow guidance to $9B.
About RTX Corporation
RTX is one of the world's largest aerospace and defense companies, formed in 2020 when United Technologies merged with Raytheon, and is based in Arlington, Virginia. Unusually, it is split about evenly between commercial aviation (jet engines and aircraft parts) and defense (missiles and radars), and as of Q3 2026 it reported a record order backlog of about $340 billion.
How it makes money
RTX reports three segments of roughly similar size. Collins Aerospace (about a third of sales) makes avionics, interiors, landing gear and other aircraft systems. Pratt & Whitney (about a third) builds jet engines such as the GTF used on Airbus A320neo planes and the F135 used on the F-35 fighter, and earns a lot of recurring money from engine maintenance and spare parts. Raytheon (about a third) sells missiles, air-defense systems like Patriot, and radars and sensors, mainly to the US government and allied countries. The company expects 2026 adjusted sales of roughly $97 billion.
What usually moves RTX
- Airline flight hours and aftermarket demand
- US and allied defense budgets
- Missile and air-defense orders
- GTF engine durability issues and fixes
- Supply chain and production rates