RTX said Raytheon recorded $52 billion in defense bookings in the quarter ended September 30, 2026, including Tomahawk $23 billion and AMRAAM $14.3 billion. Backlog was $130 billion as of September 30, 2026, compared with $75 billion as of December 31, 2025.

10-QQuarterly reportFiled Oct 20, 2026Period of report Sep 30, 2026Summary published (UTC) Oct 20, 2026

Key points

AI summary

RTX said Raytheon recorded $52 billion in defense bookings in the quarter ended September 30, 2026, including Tomahawk $23 billion and AMRAAM $14.3 billion. Backlog was $130 billion as of September 30, 2026, compared with $75 billion as of December 31, 2025.
The company said the DoW awarded Raytheon 4 undefinitized contract actions in Q3 2026 and early Q4. The Tomahawk award is a 7-year contract valued at up to $23 billion. The 5-year contracts are for AMRAAM at up to $20.7 billion, SM-6 at up to $24.4 billion, and SM-3 IB at up to $6.3 billion, each with 1 one-year options, and there are 2 options in total. Funding for each contract is subject to Congressional appropriations made on a fiscal year basis.
The company said it has paid approximately $0.5 billion in IEEPA tariffs since they were imposed. As of September 30, 2026, it had submitted claims and recognized approximately $0.4 billion in approved refunds, of which approximately $0.3 billion had been received. The U.S. government appealed the Court of International Trade’s order to issue refunds on June 2, 2026.
The company said operating cash flow for the 9 months ended September 30, 2026 increased $1.9 billion from a year earlier. It cited higher adjusted net income from segment results as the main driver, partly offset by changes in net working capital. Cash and cash equivalents were $9.2 billion as of September 30, 2026.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Raytheon Quarterly Defense Bookings of $52 billion, Backlog at $130 billion

RTX said Raytheon recorded $52 billion in defense bookings in the quarter ended September 30, 2026, including Tomahawk $23 billion and AMRAAM $14.3 billion. Backlog was $130 billion as of September 30, 2026, compared with $75 billion as of December 31, 2025.

Source · Based on the MD&A text of the filing

Raytheon Receives 4 Undefinitized Contract Actions

The company said the DoW awarded Raytheon 4 undefinitized contract actions in Q3 2026 and early Q4. The Tomahawk award is a 7-year contract valued at up to $23 billion. The 5-year contracts are for AMRAAM at up to $20.7 billion, SM-6 at up to $24.4 billion, and SM-3 IB at up to $6.3 billion, each with 1 one-year options, and there are 2 options in total. Funding for each contract is subject to Congressional appropriations made on a fiscal year basis.

Source · Based on the MD&A text of the filing

About $0.5 billion in IEEPA Tariffs Paid, $0.4 billion Refunds Recognized

The company said it has paid approximately $0.5 billion in IEEPA tariffs since they were imposed. As of September 30, 2026, it had submitted claims and recognized approximately $0.4 billion in approved refunds, of which approximately $0.3 billion had been received. The U.S. government appealed the Court of International Trade’s order to issue refunds on June 2, 2026.

Source · Based on the MD&A text of the filing

Operating Cash Flow Up $1.9 billion Over 9 Months, Cash at $9.2 billion

The company said operating cash flow for the 9 months ended September 30, 2026 increased $1.9 billion from a year earlier. It cited higher adjusted net income from segment results as the main driver, partly offset by changes in net working capital. Cash and cash equivalents were $9.2 billion as of September 30, 2026.

Source · Based on the MD&A text of the filing

Structured SEC financial data for this filing is not available yet. Please check the figures in the SEC filing.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

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