Reported 1 day ago
RTX has announced a significant backlog of $218 billion for its commercial aircraft and defense products, fueled by increased demand for passenger air travel and new defense contracts amid global geopolitical tensions. The company reported over $112 billion in new contracts in 2024 and highlighted a 19% increase in defense-related backlog. CEO Christopher Calio noted that AI is being utilized to enhance product testing efficiency, with the company aiming to expand its use of generative AI across various functions this year.
Source: YAHOO