← RTX Corporation (RTX)

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Published

## Filings that contain financial statements

RTX's audited annual and reviewed interim financial statements are in its periodic reports: Form 10-Q for the quarter ended June 30, 2026 (accession 0000101829-26-000027, filed July 23, 2026) and Form 10-K for fiscal year 2025 (accession 0000101829-26-000006, filed February 6, 2026).

RTX also furnishes condensed consolidated financial statements (statement of operations, balance sheet, statement of cash flows, and segment/non-GAAP reconciliation tables) in the Exhibit 99 press release attached to each quarterly earnings Form 8-K:

- **Q2 2026** (quarter ended June 30, 2026): 8-K filed July 23, 2026, accession 0000101829-26-000025.
- **Q1 2026** (quarter ended March 31, 2026): 8-K filed April 21, 2026, accession 0000101829-26-000009.
- **Q4/full-year 2025** (quarter and year ended December 31, 2025): 8-K filed January 27, 2026, accession 0000101829-26-000003.
- **Q3 2025** (quarter ended September 30, 2025): 8-K filed October 21, 2025, accession 0000101829-25-000040.
- **Q2 2025** (quarter ended June 30, 2025): 8-K filed July 22, 2025, accession 0000101829-25-000030.
- **Q1 2025** (quarter ended March 31, 2025): 8-K filed April 22, 2025, accession 0000101829-25-000014.
- **Q4/full-year 2024** (quarter and year ended December 31, 2024): 8-K filed January 28, 2025, accession 0000101829-25-000002.
- **Q3 2024** (quarter ended September 30, 2024): 8-K filed October 22, 2024, accession 0000101829-24-000036.

The most recent quarterly and interim figures — for the quarter and six months ended June 30, 2026 — are in the Form 10-Q above (accession 0000101829-26-000027).

## Earnings and guidance

**Q2 2026 (accession 0000101829-26-000025, filed July 23, 2026).** RTX reported second-quarter sales of $24.7 billion, up 14% year over year (16% organically), GAAP EPS of $1.57, and adjusted EPS of $1.89, up 21%. Operating cash flow was $3.5 billion and free cash flow was $2.9 billion. All three segments — Collins Aerospace, Pratt & Whitney, and Raytheon — grew sales and expanded margin. The company raised its full-year 2026 outlook: adjusted sales to $95.0–$96.0 billion (from $92.5–$93.5 billion), organic sales growth to 8–9% (from 5–6%), adjusted EPS to $7.10–$7.25 (from $6.70–$6.90), and free cash flow to $8.50–$8.75 billion (from $8.25–$8.75 billion). The release also disclosed that RTX reached an agreement to sell Raytheon's Blue Canyon Technologies business for $620 million.

**Q1 2026 (accession 0000101829-26-000009, filed April 21, 2026).** First-quarter sales were $22.1 billion, up 9% (10% organically); GAAP EPS was $1.51 and adjusted EPS was $1.78, up 21%. RTX raised full-year 2026 adjusted sales guidance to $92.5–$93.5 billion (from $92.0–$93.0 billion) and adjusted EPS to $6.70–$6.90 (from $6.60–$6.80), while confirming the free-cash-flow outlook of $8.25–$8.75 billion.

**Q4 and full-year 2025 (accession 0000101829-26-000003, filed January 27, 2026).** Fourth-quarter sales were $24.2 billion, up 12% (14% organically); adjusted EPS was $1.55. Full-year 2025 sales were $88.6 billion, up 10%; GAAP EPS was $4.96 and adjusted EPS was $6.29, up 10%; full-year free cash flow was $7.9 billion, up $3.4 billion versus 2024. RTX introduced initial full-year 2026 guidance of adjusted sales of $92.0–$93.0 billion, organic sales growth of 5–6%, adjusted EPS of $6.60–$6.80, and free cash flow of $8.25–$8.75 billion. The release also confirmed completion of the divestiture of Collins Aerospace's Simmonds Precision Products business and recognition of a $0.3 billion non-cash pension settlement charge on the completed Prudential annuity buy-out (see below).

Earlier quarters in the trailing window — Q3 2025 (accession 0000101829-25-000040, October 21, 2025), Q2 2025 (accession 0000101829-25-000030, July 22, 2025), Q1 2025 (accession 0000101829-25-000014, April 22, 2025), Q4/full-year 2024 (accession 0000101829-25-000002, January 28, 2025), and Q3 2024 (accession 0000101829-24-000036, October 22, 2024) — were routine quarterly earnings releases furnished under Item 2.02.

## Capital / balance sheet actions

**Pension risk transfer (accession 0000101829-25-000044, filed November 13, 2025).** On November 7, 2025, RTX initiated a buy-out conversion of a group annuity contract held by the RTX Consolidated Pension Plan, transferring approximately $2.5 billion of gross pension obligations to Prudential Insurance Company of America and shifting retirement-benefit responsibility for roughly 60,000 plan retirees and beneficiaries to Prudential, with no change in benefits owed to those participants. RTX expected to recognize a one-time, non-cash pretax pension settlement charge of approximately $300 million in Q4 2025 and expected the transaction to close by December 30, 2025. The Q4 2025 earnings release (accession 0000101829-26-000003) confirms the transaction completed, with a $0.3 billion settlement charge recognized and approximately $2.3 billion of gross pension obligations actually transferred.

**Pending divestiture — Blue Canyon Technologies.** On June 19, 2026, RTX entered into a definitive agreement to sell the Blue Canyon Technologies business within its Raytheon segment for approximately $620 million, as disclosed in the Q2 2026 earnings release (accession 0000101829-26-000025). As of RTX's Form 10-Q for the quarter ended June 30, 2026 (accession 0000101829-26-000027), the sale had not closed; it remains subject to regulatory approvals and other customary closing conditions.

## Legal and regulatory

**Deferred prosecution agreements and SEC settlement (accession 0000101829-24-000033 [8-K filed October 16, 2024]).** Raytheon Company, a wholly owned RTX subsidiary, entered into two deferred prosecution agreements (DPA-1 and DPA-2) with the Department of Justice and became subject to an SEC administrative cease-and-desist order to resolve previously disclosed investigations: (1) improper payments made by Raytheon and its joint venture Thales-Raytheon Systems in connection with Middle East contracts since 2012, and (2) defective pricing claims on certain legacy Raytheon contracts from 2011–2013 and 2017. Under the agreements, Raytheon paid a combined $384 million to the DOJ and SEC related to the Thales-Raytheon matter, and $147 million (DPA-2 penalty) plus a $428 million False Claims Act settlement related to the pricing-claims matter — figures the company said were consistent with amounts already accrued as of June 30, 2024. Both DPAs run three years from the date an independent compliance monitor is engaged; RTX's Form 10-Q for the quarter ended June 30, 2026 (accession 0000101829-26-000027) discloses that a single independent compliance monitor for both DPAs and the SEC order was engaged in April 2026, formally starting that three-year term.

**Cybersecurity incident (accession 0000101829-25-000036, filed September 24, 2025).** On September 19, 2025, RTX became aware of a ransomware incident affecting its Multi-User System Environment (MUSE) passenger-processing software, used by airlines for check-in and gate resource sharing. Affected airlines and airports shifted to back-up or manual processes and experienced some flight delays and cancellations. RTX said the incident had not had, and was not reasonably expected to have, a material impact on its financial condition, business operations, or results of operations.

## Board and governance

- **February 3, 2025** (accession 0001140361-25-002798): RTX announced that Executive Chairman Gregory J. Hayes would not stand for re-election and would step down as Executive Chairman and board member effective April 30, 2025, remaining with the company as a non-executive Special Advisor to the CEO through January 2, 2026. The board elected President and CEO Christopher T. Calio to also serve as Chairman effective April 30, 2025.
- **May 1, 2025** (accession 0000101829-25-000018): RTX held its 2025 Annual Meeting of Shareowners; all director nominees, the advisory say-on-pay proposal, and ratification of PricewaterhouseCoopers as auditor were approved; a shareowner proposal requesting a lobbying transparency report was not approved.
- **March 5, 2026** (accession 0001140361-26-008070): Director James A. Winnefeld Jr. resigned from the RTX board effective March 5, 2026, for reasons unrelated to any dispute with the company; board size was reduced from eleven to ten members.
- **April 30, 2026** (accession 0001140361-26-018932): RTX held its 2026 Annual Meeting of Shareowners; all director nominees, the advisory say-on-pay proposal, and ratification of PricewaterhouseCoopers as auditor were approved.

No other material event is disclosed in the filings listed above.