RTX Corporation has been highly active, achieving significant successes but also facing challenges. A strong performer in the drone stocks category, RTX has received large contracts from various entities. Their PhantomStrike Radar technology is gaining well-deserved attention. RTX secured a lucrative missile deal with Turkey worth $304M, as well as a groundbreaking $2.13B contract for the Standard Missile-3 Program. They've also obtained several defense contracts, advancing AI drones, blimp defenses, and achieving a promising 19% earnings increase. An impressive contract worth $580.59M was secured to deliver next-gen electronic warfare technology to the US Navy and Australia. However, a potential hit of $850M from Trump's tariffs over 2025 led to a dip in shares. RTX also collaborated with UAE for gallium production, positioning itself as the world's second-largest gallium producer for defense tech. Despite an expected Q1 earnings dip, RTX's Q1 2025 report revealed strong growth amid global challenges. Given these factors, Jim Cramer believes that RTX could lead the charge for a 'No Recession' narrative.
Rtx Corporation RTX News Analytics from Thu, 14 Nov 2024 08:00:00 GMT to Fri, 16 May 2025 21:30:36 GMT -
Rating 2
- Innovation 7
- Information 5
- Rumor -3
