What Happened
Defense Contractor Faces Cash-Conversion Challenge Despite Rising Orders
RTX Corporation shares are approaching their 52-week peak, driven by strong demand for missiles and a significant backlog of $289 billion. However, the company faces a cash-conversion challenge, which may impact investor sentiment. RTX reported a 14% increase in revenue and a 21% increase in adjusted earnings per share in its second quarter, with all three segments seeing growth in adjusted operating margins. The company’s stock has increased by 21.6% so far in 2026, with a market capitalization of $300.6 billion. This was first reported by an unknown source.