Episode Details

RTX cleared the highest bar on the board: adjusted EPS of $2.26 vs $1.78 expected (+33% YoY), sales of $24.97B (+11%, +12% organic), a record $340B backlog on $81B+ of new awards, and a third guidance raise this year (sales $97-97.5B, adj EPS $7.65-7.75, FCF $9.0-9.2B). Alex and Jordan walk the segments — Pratt & Whitney's aftermarket surge and its $363M customer-bankruptcy charge, Collins at a 21.3% margin, Raytheon's missile cycle — plus what to watch on Q4 cash conversion. For informational and educational purposes only; not financial advice.