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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.
In the latest trading session, RTX (RTX) closed at $119.23, marking a +0.96% move from the previous day.
RTX's unit, Pratt and Whitney, secures a $1.31 billion modification contract involving the F135 propulsion system.
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RTX, with its recent contract win, is set to deliver MAPS Gen II navigation systems for the U.S. Army and Marine Corps.
RTX is set to repair and upgrade 160 parts of the MK99 fire control system and the SPY-1D(V) transmitter, which are two subsystems of the Aegis Weapon System.
RTX Corporation shows strong EBITDA and free cash flow growth, with mid-single digit EBITDA growth and over 15% free cash flow growth expected through 2026. Share repurchases and a robust dividend growth history enhance shareholder value, with RTX maintaining a 31-year dividend growth streak. Despite supply chain challenges, RTX benefits from strong defense demand, commercial airplane needs, and a growing base of geared turbofans.
RTX, with its recent contract win, is set to develop NGJ-MB ship sets for the U.S. Navy and the Royal Australian Air Force.
Recently, Zacks.com users have been paying close attention to RTX (RTX). This makes it worthwhile to examine what the stock has in store.