The defense and aerospace contractor raised its full year adjusted sales forecast to a range of $97B to $97.5B, up from $95B to $96B, and increased the adjusted EPS outlook to $7.65 to $7.75. Free cash flow for the year was lifted to $9B to $9.2B from a previous range of $8.5B to $8.75B. RTX cited a record $340B backlog and $81B in new awards as primary growth drivers, although it took a $0.4B pre-tax charge related to a customer bankruptcy at Pratt & Whitney.
