RTX Lifts Guidance After Backlog Hits Record $340 Billion

RTX reported third-quarter 2026 results that included a record $340 billion backlog, the company said on its earnings call. Organic growth came in at 12% for the quarter, and management used the print to revise guidance upward for the remainder of the year. The backlog figure matters because it gives RTX years of visibility into future revenue, a rarity in industrials right now when many peers are citing cost inflation and supply pressure. Genuine Parts, for comparison, said on its own call that its industrial segment grew EBITDA 11.2% but flagged geopolitical headwinds and cost inflation as offsets. What remains unresolved is how much of the backlog converts to cash in the near term versus sitting on the books for years, and whether the guidance raise fully accounts for supply-chain costs that have squeezed other aerospace and defense names this earnings season.