RTX
RTX CorporationEvidence as of 2026-09-10The desk's Snapshot
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Overview · RTX Corporation
Raytheon Technologies Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircr…
Management team
- Mr. Juan M. de Bedout · Chief Technology OfficerFind on LinkedIn
- Mr. Wesley D. Kremer · Executive OfficerFind on LinkedIn
- Mr. Christopher T. Calio · President, COO & DirectorFind on LinkedIn
- Ms. Pamela M. Erickson · Chief Communications OfficerFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
−0.5 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The surviving evidence paints a cautiously positive quarterly picture: revenue rose from $ 21,581,000,000 in Q2 2025 (2025-04-01 to 2025-06-30, 3mo) to $ 24,708,000,000 in fiscal Q2 2026, ended 30 June 2026 (2026-04-01 to 2026-06-30, 3mo), while operating income increased from $ 2,146,000,000 to $ 2,811,000,000 over the same pair of quarters, pushing implied operating margins from ~ 9.95 % to ~ 11.38 % (with a peak ~ 11.58 % in fiscal Q1 2026, ended 31 March 2026). Net income and diluted EPS also rose over the year: net income from $ 1,657,000,000 to $ 2,139,000,000 and EPS from $ 1.22 to $ 1.57 on the same quarter sequence, with a smooth sequential EPS progression through the intervening quarters.
Balance-sheet and valuation snapshots co-exist with those operating gains: shares outstanding edged up to 1,347,758,144 as of 30 June 2026, cash and cash equivalents increased to $ 8,305,000,000 as of 30 June 2026, trailing twelve‑month free cash flow is reported at $ 593,000,000 (FCF/share $ 0.4344) and the reported price/FCF is 454.73 while the trailing TTM P/E is 34.6. Market signals are mixed: momentum over the 12_1 window is + 46.2 % (79th percentile) and a golden cross is present with the price + 2.5 % above the 200‑day SMA, but six‑month momentum is negative and short‑term realized volatility is elevated.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Revenue rose from $21,581,000,000 in the quarter Q2 2025 (2025-04-01 to 2025-06-30, 3mo) to $24,708,000,000 in fiscal Q2 2026, ended 30 June 2026 (2026-04-01 to 2026-06-30, 3mo).
XBRL companyfacts · 0000101829-25-000032Operating income increased from $2,146,000,000 in Q2 2025 (2025-04-01 to 2025-06-30, 3mo) to $2,811,000,000 in fiscal Q2 2026, ended 30 June 2026 (2026-04-01 to 2026-06-30, 3mo); implied operating margins were ~9.95% in Q2 2025 (2,146/21,581) and ~11.38% in fiscal Q2 2026 (2,811/24,708), with a peak ~11.58% in fiscal Q1 2026, ended 31 March 2026 (2,555/22,076).
XBRL companyfacts · 0000101829-26-000027Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
The 10-K filed 6 February 2026 adds explicit language that RTX faces risks related to its U.S. government contracts including potential termination, performance delays, cost overruns, product failures, material/component/labor shortages, and contract definitization delays, any of which "could negatively impact our reputation and competitive position, results of operations, financial condition, and liq".
10-K filed 2026-02-06The 10-K filed 6 February 2026 adds disclosure that global supply chain disruptions have impacted the company's ability to procure raw materials including certain rare earth elements, microelectronics, and certain commodities, driven by supply chain constraints, inflation, labor shortages, geopolitical conditions, sanctions, tariffs, and export controls.
10-K filed 2026-02-06Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
Momentum over the 12_1 window is +46.2% and ranks in the 79th percentile of the 548-stock research universe on 2026-09-09.
Moneyta signal set · 2026-09-09weakened in debateA golden cross is present and the price is +2.5% above the 200-day simple moving average while it is -5.1% below the 50-day SMA on 2026-09-09.
Moneyta signal set · 2026-09-09Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of the 13F reporting period ended 2026-03-31, BlackRock, Inc. reported holdings in RTX valued at $21.04B and STATE STREET CORP reported holdings valued at $17.86B.
13F holdings · 3420 filers · as of 2026-03-31The total reported institutional value in RTX on the 13F for the period ended 2026-03-31 was $186.38B, with 3,420 reporting holders and a quarter-over-quarter reported value change of -4.8%.
13F holdings · 3420 filers · as of 2026-03-31Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Allworth Financial LP decreased its stake in RTX by 39.2% in the second quarter and owned 133,458 shares after the change.
News · thelincolnianonline.com · 2026-09-08TOP Private Wealth LLC purchased 4,302 shares of RTX in the second quarter, according to a Form 13F filing.
News · thelincolnianonline.com · 2026-09-05Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
The Form 4 filed as insider:RTX:the 4 filed 19 August 2026 reports three transactions by Maharajh Ramsaran (EVP and General Counsel) on 2026-08-18: a 'code M' entry valued at "$1.4M" for 20069 shares, a 'code D' entry valued at "$1.4M" for 6414 shares, and a 'sold' entry valued at "$3.1M" for 13655 shares; the filing lists no trading-plan indicator in the parsed data.
Form 4 · Maharajh Ramsaran (EVP and General Counsel) · $1.4M code M · 2026-08-18The Form 4 filed as insider:RTX:the 4 filed 28 July 2026 reports multiple transactions by Brunk Troy D (President, Collins Aerospace) on 2026-07-24: a 'code M' entry valued at "$1.2M" for 12600 shares, a 'sold' entry valued at "$381k" for 1811 shares, a 'code D' entry valued at "$1.2M" for 5854 shares, and a 'sold' entry valued at "$1.4M" for 6746 shares; the filing shows no trading-plan flag in the parsed data.
Form 4 · Brunk Troy D (President, Collins Aerospace) · $1.2M code M · 2026-07-24Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The trailing twelve-month free cash flow was $593,000,000 and free cash flow per share was $0.4344, as stated in the filings.
Valuation inputs · SEC XBRL + stored EOD closeThe price-to-free-cash-flow ratio (price/FCF) reported is 454.73, indicating the current market price is many times trailing FCF.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-specific metrics point to an improving operational profile: revenue, operating income, margins, net income, and sequential EPS all increased over the most recent year (fundamentals-0, fundamentals-1, fundamentals-2). Cash and cash equivalents materially rose over the same period (fundamentals-4), while institutional ownership and ETF membership remain large and concentrated (ownership-0, ownership-3), and multiple news items document defense contract wins and production investments that align with reported top-line and margin improvement (news-2, news-4). Market signals show positive momentum over a 12_1 window, a golden-cross/200-day strength, and low beta (market-0, market-1, market-2), which together support a favorable, less market-correlated read. The bear points — stretched price/FCF and headline risk language in filings, recent insider sales, elevated short-term volatility, and three-year drawdown — have observable weaknesses when compared directly to the improving cash, profitability, and scale of institutional ownership: valuation metrics are influenced by a low trailing FCF base and a large capital structure snapshot (valuation-0, valuation-1, valuation-3), the filing risk language documents exposures common to large defense contractors rather than new company-specific deterioration (filings-0, filings-1, filings-3, filings-4), and insider sales appear in the context of substantial reported institutional holdings (insider-0..3, ownership-0).
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.31
37 surviving claims rest on 19 distinct sources; the heaviest analyst carries 19% of them, and 95% of what the desk raised survived the debate.
The read rests on a moderate breadth of sources but a meaningful share of surviving claims concentrate behind a relatively small set of contributors; the single heaviest analyst covering nearly a fifth of claims raises dependence risk. High debate survival (95%) means few claims were overturned internally, which increases confidence in reported items but also suggests limited internal stress‑testing — treat the collection as informational but not immune to blind spots from source concentration or analyst dependence.
Peer context · computed, not argued
12-1 momentum ranks 2nd of 9 in Aerospace & Defense (as of 2026-09-09).
90-day volatility ranks 7th of 9 in Aerospace & Defense (as of 2026-09-09).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
11 filings· 3 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.6 to the score
8 documents· 3 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−1.0 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash+0.0 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.7 to the score
7 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
4 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state — stated and inferred flags kept apart.
Read by Talbot−1.0 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on RTX Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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Educational analysis of published data. Moneyta does not give investment advice or make recommendations.