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Composite of an expected earnings beat, solid revenue backdrop, and a meaningful defense-contract win that could lift sentiment and validate backlog strength.
What happened, with direct paths to the underlying reporting
RTX is slated to report Q3 results Oct 20, with consensus EPS of $1.77 on $24.05B revenue. Separately, Raytheon unit won $729M in counter-drone contracts, underscoring defense exposure. Analysts show mixed ratings but sizeable upside targets; the stock rose about 1.7% ahead of the print as investors weigh earnings and backlog momentum.
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