Townsquare Capital and Bristlecone Advisors have trimmed their respective positions in
RTX Corporation, with several other big players such as Deutsche Bank, West Michigan Advisors, and Maryland State also adjusting their stake.
Goldman Sachs Group notably bought over 1.3 million shares.
Raytheon, a RTX subsidiary, has secured several high-value contracts from the
U.S. Navy, the most substantial being a $1.1 billion deal for AIM-9X Block II missiles. RTX is also closely working with
Shield AI to enhance defense capabilities. Notwithstanding reassuring finance, the company has reduced its 2025 profit forecast due to tariff costs. The company anticipates growth in its missile department. Its aerospace subsidiary,
Collins Aerospace, is broadening its electrification capabilities and contributing to the JetZero blended wing aircraft. RTX and Singapore's
Economic Development Board have charted a ten-year growth course. However, despite strong Q2 earnings, share prices dipped due to tariff issues. RTX has a significant position in
Romania's Patriot air defense system, and the company anticipates benefits of rising defense budgets. The company is also favoring the emerging hydrogen-powered planes market and increasing its presence in Europe.
Rtx Corporation RTX News Analytics from Thu, 05 Dec 2024 08:00:00 GMT to Sat, 09 Aug 2025 12:51:47 GMT -
Rating 7
- Innovation 6
- Information 9
- Rumor 1
