RTX's unit, Pratt and Whitney, opens its largest military engine facility in Oklahoma City, investing $255 million to expand operations.
Deutsche Bank analyst Scott Deuschle upgrades RTX Corporation RTX from Sell to Hold, raising the price forecast from $109 to $129.
Kenny Polcari joins Rick Ducat and Nicole Petallides to break down the technical trends in companies he believes are core trades on each of their industries. The panel looks into the bearish and bullish signals behind RTX Corp. (RTX), Energy Transfer (ET), and Home Depot (HD).
RTX, with its recent contract win, is set to develop the Next Generation Jammer Mid-Band Expansion to upgrade its existing Next NGJ-MB system.
On October 3, Deutsche Bank upgraded RTX Corp (NYSE: RTX) from Sell to Hold, raising its price target from $109 to $129. This upgrade reflects the bank's confidence in RTX's potential to outpace its defense-industry peers, primarily due to its substantial aviation business.
Zacks.com users have recently been watching RTX (RTX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The RTX (RTX) stock price continued its robust surge as geopolitical tensions rose this week. It jumped to a fresh all-time high of $124.40 on Tuesday, bringing the year-to-date gains 50%, making it its best year ever.
RTX, with its recent contract win, is ready to work on the F135 Engine Core Upgrade to boost the F-35 combat aircraft's efficiency.
Defense is a crucial equity allocation due to rising global conflicts, with RTX positioned in air defense and tech warfare sectors. RTX excels in aerospace and defense with strong segments like Collins Aerospace, Pratt & Whitney, and Raytheon, ensuring diversified revenue streams. RTX is a cash generation powerhouse with consistent dividend growth and a robust share repurchase program, enhancing shareholder value.
RTX secures a $525.5 million contract for producing and delivering ESSM Block II guided missile assemblies.
RTX, with its recent contract win, is set to provide engineering and technical services for the Stinger Weapon System.
The company is overcoming the GTF inspection issue. Strength in the commercial aerospace aftermarket continues to drive earnings sales growth at aerospace companies.