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 has demonstrated impressive rally potential previously. Notably, it experienced a rise exceeding 50% within two months in June 2020 and recorded several rallies surpassing 30% in brief periods, including 2020 and 2022.
President Donald Trump rattled the defense sector yesterday by signing an executive order prohibiting contractors from issuing dividends or repurchasing shares until they prioritize investments in new facilities and machinery to boost production speed and quality.
President Donald Trump singled out defense contractor Raytheon. Trump said he had been told Raytheon was "the least responsive" to the Pentagon's needs.
JPMorgan, RTX, and Applied Materials lead today???s top research picks, highlighting growth, order backlogs, and semiconductor strength.
RTX (RTX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
RTX stock rises 9.8% in a month, driven by new defense contracts, improving earnings expectations and a valuation discount despite trade risks.
The United States has awarded contracts for new air traffic control radar systems to RTX Corp and Spanish firm Indra Sistemas , Transportation Secretary Sean Duffy said in a statement on Monday.
In the latest trading session, RTX (RTX) closed at $187.25, marking a +2.1% move from the previous day.
RTX is positioned as a dominant aerospace and defense powerhouse, leveraging record backlogs and diversified operations for strong growth. RTX's robust financials—$85.5B TTM revenue, 10.26% forward growth, and recurring EPS beats—underscore operational resilience and shareholder-friendly capital allocation. Despite a premium 30.04x forward P/E, RTX's superior price return, dividend yield, and backlog conversion justify a sustained bullish outlook and a buy rating.
RTX lands a $104.1 million Navy-backed ESSM support contract through 2026, spanning allied partners as Raytheon sustains demand for its proven missile.
Both Boeing and RTX have big business segments built around military aircraft, defense systems and government contracts.