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RTX CEO Says Patriot and LTAMDS Orders Boost Raytheon Growth

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Raytheon booked $19.9B in awards in the quarter, lifting adjusted operating profit to $1B. RTX said international demand for integrated air and missile defense systems stayed strong, including more than $5B of GEM-T Patriot effectors and about $800M for LTAMDS, plus $1.1B of AIM-9X awards. The unit ended with an $86B backlog, with 48% tied to international programs, supported by rising NATO budgets and large European orders.

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