Raytheon’s Record Order Backlog Signals Robust Defense Demand

The global surge in defense spending is providing a powerful tailwind for Raytheon Technologies. The aerospace and defense giant recently posted quarterly results that exceeded market expectations, supported by a massive influx of new orders and an upgraded full-year outlook. The central question for investors is whether the company can convert this current momentum into sustained, long-term growth.

Raytheon’s third-quarter 2025 financial report delivered positive surprises across key metrics. The company announced revenue of $22.48 billion, surpassing analyst estimates of $21.32 billion. Adjusted earnings per share (EPS) came in at $1.70, significantly higher than the anticipated $1.41. Perhaps more importantly, Raytheon demonstrated strong financial health by generating $4.0 billion in free cash flow during the quarter. A Read more...