RTX Corp. announced on Tuesday that its revenue for the first quarter amounted to $20.3 billion, increasing by 5% on a yearly basis. However, net income dropped 10% to $1.5 billion as the earnings per share (EPS) fell by 11% to $1.14. Collins Aerospace reported an 8% rise in sales to $7.2 billion, Pratt & Whitney's revenue was up by 14% to $7.4 billion, while Raytheon's sales lost 5%, landing at $6.3 billion. RTX set out 2025 guidance with adjusted sales between $83 billion and $84 billion, including 4% to 6% organic growth and an adjusted EPS of $6.00 to $6.15.
"The current environment is clearly very dynamic, but our company is well positioned to perform operationally and our teams remain focused on executing on our commitments and delivering our robust backlog," CEO Chris Calio said. The company reported a backlog of $217 billion, including $125 billion of commercial and $92 billion of defense.
