RTX Corporation has been very active recently in terms of business developments and market movement. Recent developments include a series of fines amounting to
$200 million due to export control violations, most notably exports to China and Russia. Despite this setback, the company's performance in the stock market is solid with its stock at
$125 even after witnessing a
10% gain in a week. Influential financial authority,
Jim Cramer, is particularly bullish on RTX, considering it as his favorite defense stock. In terms of institutional investments, RTX enjoys strong confidence with $6.32 million stock holdings by
Concurrent Investment Advisors. Business-wise, RTX secures a
$1.2 billion contract to provide additional Patriot air and missile defense systems to Germany. Moreover, it has been recognized as a
JUST 100 company. Looking forward, the new CEO,
Chris Calio is bullish on the 'remarkable opportunity ahead'. It is also worth mentioning contract wins for new designs such as the
Next Generation Jammer Mid-Band System and a $677 million contract for
SPY-6 family of radars. RTX stock price continues to trend upwards due to these factors.
Rtx Corporation RTX News Analytics from Thu, 14 Dec 2023 08:00:00 GMT to Sun, 01 Sep 2024 14:11:56 GMT -
Rating 5
- Innovation 2
- Information 8
- Rumor -5
