RTX Corp. (NYSE:RTX) stock rose in Monday’s premarket session after the aerospace and defense company secured a major engine order from British Airways.

British Airways Selects Pratt & Whitney Engines

British Airways selected Pratt & Whitney, an RTX business, to power 33 firm Airbus A320neo aircraft, with options for 30 additional planes.

The agreement also includes a 12-year EngineWise Comprehensive services contract to maintain the engines. Deliveries are scheduled to begin in 2027.

RTX said its geared turbofan (GTF) engines reduce fuel consumption by up to 20% and cut the noise footprint by as much as 75% compared with previous-generation engines.

More than 2,800 GTF-powered aircraft are currently in service with over 90 customers worldwide. Pratt & Whitney’s GTF engine backlog exceeds 8,000 units.

RTX expects its next-generation GTF Advantage engine to enter service later in 2026. The company said the upgraded engine will offer up to twice the time on wing, improved fuel efficiency and additional operating range.

RTX Technical Setup Remains Mixed

RTX has gained 27.7% over the past 12 months and is trading above its 20-day simple moving average of $192.17, signaling positive short-term momentum.

However, the stock remains in a mixed technical setup. The 50-day simple moving average is still below the 200-day simple moving average following a June death cross, suggesting longer-term trend pressure remains.

The moving average convergence/divergence indicator also sits below its signal line, pointing to weakening momentum.

The stock faces resistance near its 52-week high of $214.50, while initial support sits around the 50-day simple moving average at $183.96.

Earnings Due This Week

RTX is scheduled to report second-quarter results on July 23.

Analysts expect earnings of $1.66 per share, up from $1.56 a year earlier, on revenue of $22.87 billion, compared with $21.58 billion last year.

The stock trades at 36.3 times earnings, reflecting a premium valuation.

Wall Street’s consensus rating is Buy, with an average price forecast of $215. Recent analyst actions include Jefferies upgrading the stock to Buy with a $220 price forecast on June 4, Morgan Stanley maintaining Overweight while lowering its price forecast to $220 on April 22, and UBS maintaining Neutral with a reduced $199 price forecast on April 22.

RTX ETF Exposure

RTX is a top holding in several aerospace and defense exchange-traded funds, including the Invesco Aerospace & Defense ETF (NYSE:PPA), where it accounts for 7.06% of assets, the Amplify CWP Enhanced Dividend Income ETF (NYSE:DIVO) at 4.68%, and the Global X Defense Tech ETF (NYSE:SHLD) at 8.03%.

Because RTX represents a meaningful weight in these funds, strong ETF inflows or outflows can influence demand for the stock.

RTX Price Action: RTX shares were up 1.17% at $195.75 during premarket trading on Monday, according to Benzinga Pro data.

Image by T. Schneider via Shutterstock