Defense stocks have been in a downdraft heading into the new year. President Trump's intent to de-escalate geopolitical conflicts and end the war in Ukraine with funding cuts is causing concern throughout the aerospace sector.
As anticipated, Nvidia Monday kicked off its CES 2025 keynote by unveiling the new RTX Blackwell family of GPUs. The centerpiece of the line is the RTX 5090.
Nvidia launched its much-awaited Nvidia GeForce RTX 5000 series graphics processing units (GPUs), based on the Blackwell RTX tech.
In the most recent trading session, RTX (RTX) closed at $114.10, indicating a -1.53% shift from the previous trading day.
RTX's unit, Raytheon, secures a modification contract for the recertification and modernization of 257 Tomahawk Block IV All-Up-Round Missiles.
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.
RTX Corporation, a leading aerospace and defense conglomerate, has seen significant growth, with Q3'24 sales up 49.21% YoY and EBITDA of $2.99 billion. The company benefits from geopolitical tensions, a $221 billion project backlog, and strong capital deployment, positioning it well for future growth. RTX's stock has outperformed the defense sector and broader market, driven by strong financials, undervaluation, and a robust organic growth trajectory.
In the latest trading session, RTX (RTX) closed at $115.22, marking a -1.28% move from the previous day.
RTX is set to offer hardware, software and services for the production of the Patriot missile program.
In the most recent trading session, RTX (RTX) closed at $116.83, indicating a +0.17% shift from the previous trading day.
RTX gets a contract from the Naval Sea Systems Command, WA, D.C., to provide technical support to the ESSM and NSMS Programs.
In the most recent trading session, RTX (RTX) closed at $116.63, indicating a +0.13% shift from the previous trading day.