The receipts are itemized, which is what makes them useful. RTX's Q3 2025 Form 10-Q names specific missile-defense awards: $901 million to provide Standard Missile-3 (SM-3) for the Missile Defense Agency, and $647 million for SPY-6 hardware production and sustainment. When a filing breaks out awards by program and dollar figure, you can read the demand signal directly rather than inferring it from a backlog total.
The contract-literate caveat governs this beat: an award is not the same as obligated cash, and a program named in a bookings discussion is a commitment to deliver, not a check already cashed. But the specificity here matters. SM-3 for the MDA and SPY-6 are core missile-defense franchises, and seeing them itemized at $901 million and $647 million tells you where Raytheon's near-term production is actually pointed.
The strategic context is in the annual report. RTX's FY2025 Form 10-K describes a missile-defense portfolio anchored by Patriot, the Lower Tier Air and Missile Defense Sensor (LTAMDS) and the National Advanced Surface-to-Air Missile System — the franchises that turn appropriations into recognized revenue over multi-year programs. The proxy adds an operational tell: RTX's 2026 proxy notes that capacity at Raytheon's Redstone missile-integration facility increased by 50%, a capex-and-throughput signal that the company is building to meet exactly this demand.
The disciplined read: these are real, named missile-defense awards, and the capacity expansion says management expects more of them. Track whether the itemized awards keep landing and whether the throughput investment converts into delivered hardware. Filings on sec.gov; index via EdgarBeast.