2 sources · first reported 22h ago
RTX and Northrop Grumman have reported significant increases in their backlogs, driven by demand for defense programs such as Patriot, AMRAAM, Sentinel, and IBCS. RTX's backlog reached $119 billion, while Northrop Grumman's reached $104.7 billion. Both companies saw increased sales, with RTX posting $24.7 billion in second-quarter sales and Northrop Grumman reporting $20.0 billion in net awards.
The growth in backlogs and sales for RTX and Northrop Grumman indicates a strong demand for defense technologies and systems, driven by programs such as missile defense and integrated air and missile defense systems. This trend is significant for the defense industry, as it reflects the ongoing investments in modernization and acquisition of advanced defense capabilities.
How this story unfolded across sources, oldest first.