Lockheed Martin and RTX stocks have surged; brace for a pullback
Lockheed Martin (LMT) stock price is firing on all cylinders this year as it continues to outperform its key rivals. It surged to a high of $578.40 on Wednesday, bringing the year-to-date gains to 26.75% RTX (RTX), formerly known as Raytheon, has done much better, rising by over 46% this year.
RTX Stock Surges 46.6% Year to Date: Should You Buy Now or Wait?
RTX rides on solid defense order growth and growing commercial air traffic. However, considering its premium valuation, it would be prudent to wait for a better entry point.
Lockheed, Raytheon Secure $1.3 Billion Javelin Missile Contract
LMT and RTX secure a $1.3 billion contract to supply Javelin missiles to the U.S. Army.
RTX to pay $200 million fine for export mistakes, State Department says
RTX Corp will pay a $200 million fine to settle allegations it violated export laws by exchanging data and products with prohibited countries including China, State Department records dated Thursday said.
Monster insider trading alert for Raytheon stock as RTX lands $1B Air Force contract
As insider traders continue using their position and exclusive information to trade stocks to their advantage, the most recent development related to Raytheon Technologies (NYSE: RTX) could benefit multiple politicians on both sides of the United States political arena.
Lockheed-Raytheon JV secures $1.3 bln Javelin missile contract from U.S. Army
A joint venture between Lockheed Martin and RTX's Raytheon was awarded a $1.3 billion follow-on contract by the U.S. army for its Javelin missiles, which has played a major role in Ukraine's defense against Russia's invasion, Lockheed said on Thursday.
RTX (RTX) Rises As Market Takes a Dip: Key Facts
RTX (RTX) closed at $120.84 in the latest trading session, marking a +1.13% move from the prior day.
RTX Secures a Contract for Next Generation Jammer Mid-Band System
RTX's NGJ-MB offers enhanced airborne electronic attack capabilities to fighter aircraft.
Better Buy: RTX vs. Lockheed Martin
RTX offers a good balance of businesses. Lockheed Martin is expanding its position as a leading space stock with an upcoming acquisition.
What Is the Dividend Payout for RTX?
Whether in terms of earnings or cash flow, RTX's dividend is sustainable and able to grow. The company's cash flow is likely to trough in 2024 and increase afterward.
RTX Corporation: Worth $143 Despite Cash Blow
RTX stock has surged 63% since my buy rating last year, outperforming the S&P 500. Q2 sales and adjusted earnings for RTX are up, driven by growth in Collins Aerospace and Pratt & Whitney. RTX guides up on sales and earnings, but down on free cash flow due to legal settlement and fixed-price contract charges.
Here's Why RTX (RTX) is a Great Momentum Stock to Buy
Does RTX (RTX) have what it takes to be a top stock pick for momentum investors? Let's find out.
