RTX Stock Recent News
RTX LATEST HEADLINES
The latest trading day saw RTX (RTX) settling at $90.06, representing a +0.17% change from its previous close.
RTX continues to benefit from the uncertain geopolitical landscape and returning passenger travel, as observed in the growing backlog over the next 20 years. The management also offers a promising FY2024 guidance, further demonstrating its profitable growth trend. Despite the growing reliance on debt, investors may be rest assured of its long-term prospects, for so long that RTX delivers its 2025 financial target and cost savings.
RTX Corporation is a leading aerospace and defense company positioned to benefit from the growth of defense spending and the recovery of the aviation industry. The company has shown strong revenue growth and is expected to continue growing its EPS at an annual rate of ~10% in the medium term. RTX Corporation offers opportunities for growth in the commercial aerospace sector, defense sector, and through its investment in R&D for future innovation.
In February, the U.S. Pentagon informed Congress of a plan to sell missile-detection blimps to Poland. Costing multiple hundred million dollars each, these military blimps are, nonetheless, much cheaper than AWACS aircraft.
RTX (RTX) closed at $89.92 in the latest trading session, marking a -0.55% move from the prior day.
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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.
RTX (RTX) reported earnings 30 days ago. What's next for the stock?
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