Defense Contractors Report Record Backlogs as U.S. Replaces Missiles Used in Iran
Two of America's largest defense contractors reported record order backlogs Tuesday, with RTX securing nearly $23 billion in Tomahawk cruise missile contracts as the Pentagon faced mounting costs to replace weapons expended during the war with Iran.
Business · 1 source · Oct 20, 2026Read it
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About RTX
RTX Corporation, formerly Raytheon Technologies Corporation, is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia. It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization, as well as one of the largest providers of intelligence services. In 2023, the company's rank in the Forbes Global 2000 was 79. RTX manufactures aircraft engines, avionics, aerostructures, cybersecurity solutions, guided missiles, air defense systems, satellites, and drones. The company is a large military contractor, getting much of its revenue from the U.S. government.
Everything about RTX →- Country
- United States
- Headquarters
- Waltham, Arlington County
- Inception
- April 3, 2020
- Website
- https://www.rtx.com/