RTX and the Record Backlog Mirage
RTX lifts 2026 forecasts behind a record backlog, but a -1.26% FCF-to-Treasury spread and heavy debt suggest the defense giant is priced for perfection.
RTX lifts 2026 forecasts behind a record backlog, but a -1.26% FCF-to-Treasury spread and heavy debt suggest the defense giant is priced for perfection.