RTX Corp’s (NYSE:RTX) shares surged to an unprecedented high of $152.86, marking a notable achievement for the aerospace and defense powerhouse valued at $204 billion. Over the last 12 months, the stock has delivered an impressive 50.45% gain, while the company proudly continues its streak of paying dividends for 55 straight years. This upward momentum highlights RTX’s solid operational performance and the confidence it inspires among investors. The record-breaking price underscores the company’s strong foothold in the market and hints at promising prospects ahead. Market watchers will be keenly observing whether this growth trajectory can be sustained moving forward.
On the corporate front, Raytheon, a key RTX division, recently secured a $74 million deal to supply RAM Guided Missile Launching Systems to the U.S. Navy. This represents the largest single procurement of U.S. RAM launchers in over 20 years and includes manufacturing new units, refurbishing existing systems, and providing hardware support. Additionally, Raytheon won a $77 million contract from the U.S. Department of Defense to produce and maintain Miniaturized Airborne GPS Receivers, with project completion anticipated by 2031. Another contract modification valued at $49.8 million was awarded for the production of Standard Missile-6 systems, expected to wrap up by 2029. Financial analysts at Bernstein SocGen Group raised their price target for RTX to $154, maintaining a Market Perform rating. They pointed out the defense segment’s benefits from government budget increases and growing missile defense demand, while also acknowledging challenges within Pratt & Whitney but optimism for Collins Aerospace’s recovery. These recent contracts and analyst insights illustrate RTX’s dynamic positioning and strategic evolution within the defense industry.
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