RTX Corp reported a strong rebound in Q3 2024, with revenue soaring 49% to $20.1 billion and net income reaching $1.5 billion, compared to a loss in Q3 2023. The turnaround was largely due to the absence of the $2.9 billion Powder Metal Matter charge from the previous year. Organic sales grew across all segments, with Pratt & Whitney leading at 12% growth.Operating profit margin improved to 10.1% from -10.4% last year. Collins Aerospace saw 7% sales growth and 18% profit growth, while Raytheon's sales dipped 1% but profit rose 16%. The company's defense bookings surged 122% to $16.6 billion, bolstering its total backlog to $221 billion.RTX maintained its strong liquidity position with $6.7 billion in cash and equivalents. The company continued its shareholder returns, repurchasing $394 million in shares and paying $2.4 billion in dividends year-to-date. Looking ahead, RTX faces challenges including supply chain disruptions and geopolitical uncertainties but remains confident in its diverse portfolio and strong market positions.

RTX Corp reported a strong rebound in Q3 2024, with revenue soaring 49% to $20.1 billion and net income reaching $1.5 billion, compared to a loss in Q3 2023. The turnaround was largely due to the absence of the $2.9 billion Powder Metal Matter charge from the previous year. Organic sales grew across all segments, with Pratt & Whitney leading at 12% growth.Operating profit margin improved to 10.1% from -10.4% last year. Collins Aerospace saw 7% sales growth and 18% profit growth, while Raytheon's sales dipped 1% but profit rose 16%. The company's defense bookings surged 122% to $16.6 billion, bolstering its total backlog to $221 billion.RTX maintained its strong liquidity position with $6.7 billion in cash and equivalents. The company continued its shareholder returns, repurchasing $394 million in shares and paying $2.4 billion in dividends year-to-date. Looking ahead, RTX faces challenges including supply chain disruptions and geopolitical uncertainties but remains confident in its diverse portfolio and strong market positions.