"Drones" were in the headlines again this week -- and for millions of Americans up and down the East Coast, maybe also over-head.
RBC analyst Ken Herbert upgraded the shares to Buy from Hold. His price target went to $140 from $130, up almost 25% from recent levels.
U.S. aerospace and defence giant RTX Corp plans to hire 1,000 more people to its 7,000-strong workforce in India by 2027, its top executives told Reuters, as it looks for more engineers and data scientists to power its global operations.
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RTX's unit, Collins Aerospace, announces a major avionics upgrade program for King Air and Hawker aircraft to enhance safety and performance.
The latest trading day saw RTX (RTX) settling at $118.11, representing a +0.31% change from its previous close.
Amid reports of drone sightings in the Northeastern US, the reported drones have garnered the attention of many, including President-elect Donald Trump. Bloomberg Intelligence senior aerospace defense and airlines industry analyst George Ferguson joins Market Domination Hosts Julie Hyman and Josh Lipton to discuss the reports and examine how drones could impact defense companies.
RTX Corporation reported strong 3Q results with 6% adjusted growth, $2 billion FCF, and over $20 billion in revenue, positioning it for future outperformance. The company expects high single-digit sales growth and a 5% shareholder yield, supported by nearly $5 billion in FCF and a 2% dividend. Segment performance was robust, with significant gains in defense and commercial aftermarket, and a 45% operating profit growth in Pratt & Whitney.
Kevin Simpson, Capital Wealth Planning founder and CIO, joins CNBC's 'Halftime Report' to discuss his latest buys.
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.
In the most recent trading session, RTX (RTX) closed at $117.61, indicating a +0.88% shift from the previous trading day.
Defense stock RTX Corp (NYSE:RTX), formerly known as Raytheon Technologies, is up 1.1% at $117.81 today, looking to snap a three-day losing streak after closing five of the last six days in the red.