RTX's Raytheon division secured its largest single order for 120 SharpSight surveillance radars from Blue Raven on May 6, 2026. The Pratt & Whitney unit simultaneously won a contract from AirAsia for 150 GTF engines to power a new Airbus A220 fleet. This engine agreement includes a 12-year maintenance service plan.
RTX shares rose 2.3% during trading on May 6 following the announcements. Investors noted that these significant orders expand the company's record backlog. The deals reinforce long-term revenue visibility, building on momentum from a strong first-quarter earnings report and a recent dividend increase.