On July 23, RTX Corp rose 3.5% in pre-market trading, trading at $201.76 per share. The rally was driven by a stronger-than-expected Q2 earnings report combined with a wave of major contract wins announced during the Farnborough Air Show.

RTX reported Q2 sales of $24.7 billion, exceeding market expectations. Simultaneously, the company disclosed a series of significant orders: its Pratt & Whitney unit has secured over 800 GTF engine orders and commitments since the start of the year, with total global demand now surpassing 14,000 units from over 90 customers. BOC Aviation placed an order for up to 220 GTF engines to power up to 110 Airbus A320neo aircraft, marking the largest deal in the 29-year partnership. British Airways also selected GTF engines for up to 63 A320neo aircraft with a 12-year maintenance agreement.

On the defense side, RTX's Raytheon unit was awarded an $1.81 billion Navy contract for SPY-6 radar hardware production, with potential cumulative value reaching $3.39 billion. Additionally, Pratt & Whitney's commercial engines president confirmed that A320neo groundings due to engine issues have declined 40% from peak levels, signaling meaningful operational improvement across the GTF fleet.

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