L'intérêt à découvert pour RTX donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de RTX. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

RTX (NYSE:RTX) Stock, Rapport sur les intérêts à découvert

Raytheon Technologies

RTX is an aerospace and defense manufacturer formed from the merger of United Technologies and Raytheon, with roughly equal exposure as a supplier to commercial aerospace and to the defense market. The company operates in three segments: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, a commercial and military aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.

RTX Corp

RTX ORD

Deutsche Bank analyst Scott Deuschle upgrades RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) from Sell to Hold, raising the<a target="_blank" href="https://www.benzinga.com/quote/RTX/analyst-ratings" rel="noreferrer noopener"> price forecast from&nbsp;$109&nbsp;to&nbsp;$129.</a>
According to the analyst, RTX&#8217;s aerospace exposure is expected to enable it to outpace other defense companies, leveraging operational efficiencies to drive long-term growth and compound earnings.
The analyst sees potential for further stock upside with RTX currently valued similarly to pure defense companies for 2026 but boasting a more promising long-term growth outlook due to its aerospace exposure.
Deuschle writes that the overall narrative for RTX is compelling, as long as operational improvements persist.
The analyst forecasts third-quarter earnings per share of $1.36, exceeding the Street&#8217;s expectation of $1.32 by $0.04.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41146781/rtxs-raytheon-secures-darpa-contract-to-develop-ultra-wide-bandgap-semiconductors-details" rel="noreferrer noopener">RTX&#8217;s Raytheon Secures DARPA Contract To Develop Ultra-Wide Bandgap Semiconductors: Details</a>
Deuschle projects sequential revenue growth at Pratt &amp; Whitney and Collins, driven by increased aftermarket activity at Pratt &amp; Whitney from higher V2500 and GTF shop visits, while Collins is likely to benefit from sequential original equipment growth on Airbus and business jet platforms, along with sustained aftermarket strength and potential upside from increased modification revenue.
The analyst projects Raytheon&#8217;s revenue will decline quarter-over-quarter but sees upside potential due to strong demand, favorable DoD spending trends, and gradually improving conditions in the defense supply chain.
EPS estimates for 2024-2026 have been revised to $5.48, $6.06, and $6.88, respectively, from $5.48, $6.17, and $6.93.
This decrease is mainly due to lower original equipment rate assumptions for both Boeing and Airbus, partially offset by a better product mix and higher margins.
Meanwhile, operational risk keeps them at a Hold rather than a Buy.
Price Action: RTX shares are trading lower by 0.52% to $123.40 on Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/previews/24/10/41170128/jobs-report-preview-could-september-labor-data-shift-feds-interest-rate-path" target="_blank" rel="noreferrer noopener">Jobs Report Preview: Could September Labor Data Shift Fed&#8217;s Interest Rate Path?</a></li>
</ul>

Analyst Color

Equities

News

Upgrades

Price Target

Markets

Analyst Ratings

Trading Ideas

General

European Aeronautic Defence And Space Unsponsored

EADSY

Deutsche Bank Changes Tune On Raytheon Parent RTX, Sees Aerospace Edge Fuel Long-Term Growth Potential

Lockheed Martin Corp.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>) business segment, Space Systems, recently clinched a modification contract for manufacturing its Trident II D5 missile. Per the terms of the deal, Lockheed will also offer deployed systems support and Warhead 93/Mark7 development for Trident II D5 missile.&nbsp;
<h2>Details of the Deal</h2>
Valued at $2.11 billion, the contract is projected to be completed by Sept. 30, 2029. The award has been provided by the Strategic Systems Programs, Washington, D.C.
A major portion of work related to this deal will be carried out in Denver, CO, Valley Forge, PA, Titusville, FL and Magna, UT.
<h2>LMT Stock&#39;s Place in Missile Market</h2>
Lockheed is a well-known manufacturer of missiles and missile defense systems in the global defense industry. While its Missiles and Fire Control&nbsp;business segment provides air and missile defense systems, tactical missiles and air-to-ground precision strike weapon systems like the Patriot Advanced Capability-3 (PAC-3), Terminal High Altitude Area Defense and Hellfire missiles, its Space Systems division builds notable strike missile as well as missile defense systems like the Next Generation Interceptor (NGI).&nbsp;
As far as Lockheed&#39;s Trident II D5 missile is concerned, it is the latest generation of the U.S. Navy&#39;s submarine-launched fleet ballistic missiles, following the highly successful Polaris, Poseidon and Trident I C4 programs. The fact that this program is the only submarine-launched intercontinental ballistic missile currently in production in the United States surely highlights its significance in the country&#39;s naval defense and the solid demand the company enjoys in the missile marketplace. The latest contract win is a bright example of that.&nbsp; &nbsp;
With such unique featured missile products in its portfolio, Lockheed frequently enjoys a solid order flow for the company&#39;s missiles from the Pentagon and other U.S. allies. This boosts the top-line growth for its MFC and Space Systems unit. Evidently, LMT&#39;s MFC unit registered 12.6% year-over-year growth in its sales in the last reported quarter, while Space Systems witnessed a 1% top-line rise.&nbsp;
<h2>What Lies Ahead for LMT Stock?</h2>
In the past decade, nations across the globe have significantly increased their spending on military equipment and weaponry to modernize and upgrade their defense systems in the face of rapidly rising geopolitical tensions and cross-border disputes worldwide. Amid this backdrop, the demand for missiles has also gained substantial momentum as these play a very important role in military missions.
This must have prompted the Morder Intelligence firm to predict that the global missile and missile defense systems market will witness a CAGR of 5% in the 2024-2029 period. Such solid market expansion projections exemplify immense growth opportunities for Lockheed.
Notably, the company&#39;s Space Systems unit&#39;s major programs include the Next Generation Overhead Persistent Infrared (Next Gen OPIR) system, which provides the U.S. Space Force with enhanced worldwide missile warning capabilities, apart from the Trident II missile. Moreover, its NGI program utilizes next-generation propulsion and sensors to provide homeland missile defense.
<h2>Growth Opportunities for LMT&#39;s Peers</h2>
Apart from LMT, other prominent defense majors that are likely to enjoy the perks of the expanding global missile and missile defense market are mentioned below:
Northrop Grumman (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/noc#NYSE">NOC</a>): It manufactures notable strike missiles like the Advanced Anti-Radiation Guided Missile Extended Range (AARGM-ER), which is a supersonic, air-launched tactical missile system. NOC&#39;s Missile Products business unit is a leading U.S. provider of solid rocket propulsion for national security and defense, providing stages for weapon systems, such as air-launched missiles, interceptors, submarine-launched systems and hypersonic missile systems.
NOC has a long-term earnings growth rate of 8.7%. The Zacks Consensus Estimate for its 2024 sales implies growth of 5.4% from the prior-year reported figure.
The Boeing Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>): Its air and missile defense systems have been protecting the United States, warfighters, allies and international partners against threats ranging from intercontinental ballistic missiles to hostile aircraft for the past 25 years. Its renowned missile and related products include the Aegis Ballistic Missile Defense, PAC-3 Missile Seeker, Ground-Based Midcourse Defense and a few more.&nbsp;
BA boasts a long-term earnings growth rate of 21.3%. The Zacks Consensus Estimate for BA&#39;s third-quarter 2024 sales indicates growth of 10% from the prior-year reported figure.
RTX Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>): It is a renowned manufacturer of missiles and missile defense systems. RTX&#39;s product portfolio includes combat-proven missiles like the TOW missile, Guidance Enhanced Missile, Advanced Medium Range Air-to-Air Missile, Tomahawk, Standard Missile 2 and a few more.&nbsp;
RTX boasts a long-term earnings growth rate of 10.4%. The Zacks Consensus Estimate for its 2024 sales indicates growth of 7% from the prior-year reported figure.
<h2>Price Movement</h2>
In the past year, shares of Lockheed have surged a solid 49.3% compared with the industry&#39;s growth of 17.9%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/23/80164.jpg?v=635114415" /> 
Image Source: Zacks Investment Research
<h2>Zacks Rank</h2>
LMT currently carries a Zacks Rank #2 (Buy).
<a href="https://www.zacks.com/stock/news/2345287/lockheed-wins-2-1b-contract-to-aid-trident-ii-d5-missile-program?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2345287">To read this article on Zacks.com click here.</a>

Earnings

Large Cap

Contracts

Lockheed Wins $2.1B Contract to Aid Trident II D5 Missile Program

Deutsche Bank analyst Scott Deuschle upgrades RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) from Sell to Hold and raises the price target from $109 to $129.

Deutsche Bank Upgrades RTX to Hold, Raises Price Target to $129

On Wednesday, RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) said Raytheon has secured a three-year, two-phase contract from DARPA to develop foundational<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41126763/rtxs-pratt-whitney-opens-its-largest-military-engines-facility-in-oklahoma-city" rel="noreferrer noopener"> ultra-wide bandgap semiconductors.</a>
These will be based on diamond and aluminum nitride technology, which revolutionizes semiconductor electronics by increasing power delivery and thermal management in sensors and other electronic applications.
In phase one of the contract, the Raytheon Advanced Technology team will develop diamond and aluminum nitride semiconductor films and integrate them into electronic devices.
Phase two will focus on optimizing and advancing this technology for larger diameter wafers intended for sensor applications.
&#8220;Raytheon has extensive proven experience developing similar materials such as Gallium Arsenide and Gallium Nitride for Department of Defense systems,&#8221; said&nbsp;Colin Whelan, president of Advanced Technology at Raytheon.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, RTX stock has gained over 74% in the past year. Investors can gain exposure to the stock via iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and&nbsp;First Trust Exchange-Traded Fund First Trust Indxx Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MISL#NYSE">MISL</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41111794/rtx-wins-1-3b-contract-for-f135-engine-upgrade-details" rel="noreferrer noopener">RTX Wins $1.3B Contract For F135 Engine Upgrade: Details</a>
On Tuesday, RTX said Raytheon received a&nbsp;$192 million&nbsp;contract from the U.S. Navy to develop the Next Generation Jammer Mid-Band Expansion, an upgrade to the <a target="_blank" href="https://www.benzinga.com//node/41118565" rel="noreferrer noopener">current Next Generation Jammer Mid-Band system.</a>
In a separate press release yesterday, RTX said its unit Pratt &amp; Whitney&nbsp;celebrated the opening of its new 845,000-square-foot facility in&nbsp;Oklahoma City, Oklahoma, solidifying its position as the business&#8217; <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41126763/rtxs-pratt-whitney-opens-its-largest-military-engines-facility-in-oklahoma-city" rel="noreferrer noopener">largest military engines field location</a>.
The&nbsp;$255 million&nbsp;investment will enable Pratt &amp; Whitney to meet the growing demands of both U.S. and global defense customers for the <a target="_blank" href="https://www.benzinga.com//node/41122954" rel="noreferrer noopener">F135, F117, TF33, F100 and F119 engines.</a>
&#8220;This expansion more than doubles our footprint in&nbsp;Oklahoma City, ensuring we have the capacity and agility to support increased workloads as military programs ramp up and new ones come online,&#8221; said&nbsp;Greg Treacy, vice president of Pratt &amp; Whitney in&nbsp;Oklahoma City.
Price Action: RTX shares are trading lower by 0.10% to $124.26 on Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41143156/oil-prices-spike-energy-stocks-jump-after-irans-missile-attack-on-israel-what-investors-need-to-know" target="_blank" rel="noreferrer noopener">Oil Prices Spike, Energy Stocks Jump After Iran&#8217;s Missile Attack On Israel: What Investors Need To Know</a></li>
</ul>

Movers

iShares Dow Jones US Aerospace & Defense Index Fund

MISL

RTX's Raytheon Secures DARPA Contract To Develop Ultra-Wide Bandgap Semiconductors: Details

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/10/2024-10-02_09h01_16.png" alt="" style="width:624px" /></figure>
<h4 class="wp-block-heading">The Power Of Missile Defense</h4>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-raytheon-missile-defense-iron-dome-patriot-rtx-mc-10022024">click here</a> for an enlarged chart of Rtx Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock. The chart of RTX stock is being used to illustrate the point.</li>
<li>Yesterday, Iran fired about 180 ballistic missiles on Israel.  Israel and the U.S. were able to intercept most of these missiles with missile defense systems. These missiles reached Israel in 12 minutes. The defense was impressive considering there were no fatalities.</li>
<li>What happened in Israel yesterday shows the power of missile defense systems and illustrates the opportunity for investors in missile defense stocks.</li>
<li>As full disclosure, RTX is in The Arora Report&#8217;s ZYX Buy Core Model Portfolio. RTX is The Arora Report's favorite missile defense stock.&nbsp;</li>
<li>The chart shows that RTX has broken out on the success of missile defense in Israel.</li>
<li>RTX is a joint developer of the Iron Dome used in Israel. RTX is best known for its Patriot Air And Missile Defense System.  RTX also produces several other missile defense systems and aircraft engines.</li>
<li>RTX entered The Arora Report portfolio when the stock experienced a massive drop on the news of cracks in Pratt &amp; Whitney engines. The Arora Report uses over 50 different strategies. RTX belongs to the strategy of buying a good company where the stock is down due to a fixable technical problem.</li>
<li>The chart shows the power of buy zones.  Buy zones allow investors to buy stocks and ETFs when the probability adjusted risk reward is more favorable.  Risk and reward are two sides of the same coin in investing. Smart money focuses on risk adjusted returns. In contrast, the momo crowd focuses only on rewards – the result is that the momo crowd goes through volatile cycles of making money and losing money, and in the end, accumulating far less than smart money.</li>
<li>The chart illustrates the power of a billionaire and hedge fund technique known as a trade around position.&nbsp; A trade around position can dramatically increase profits and reduce risks.</li>
<li>The chart shows that the RTX trade around position was started at an average of $80.70. The position has over 50% gain as of this writing.  The trade around position is separate and distinct from the core position.</li>
<li>Peace is not about to break out in the world.&nbsp; As such, all investors should consider a defense stock or ETF in their portfolio.</li>
<li>For those interested in ETFs, The Arora Report&#8217;s ETF of choice is iShares US Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>).&nbsp; As full disclosure, ITA is in The Arora Report&#8217;s ZYX Allocation Model Portfolio.&nbsp;</li>
<li>Automatic Data Processing Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADP#NASDAQ">ADP</a>) is the largest private payroll processor in the country.&nbsp; ADP uses its data to provide a glimpse of the employment picture ahead of the official jobs report that will be released on Friday.&nbsp; ADP employment change came at 143K vs. 120K consensus.&nbsp; This indicates that the jobs picture is staying strong.</li>
<li>Previously, JOLTS job openings came at 8.04M, higher than expectations.</li>
<li>&nbsp;ISM Manufacturing Index came at 47.2 vs. 47.4 consensus.</li>
</ul>
<h3 class="wp-block-heading">Buying Stampede</h3>
Stocks are experiencing a once in a century buying stampede in Hong Kong.  Stocks in Hong Kong rose 7%. Property developers rose 47%, and broker stocks rose 35%.  As full disclosure, Hong Kong ETF iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) is in The Arora Report&#8217;s ZYX Emerging.
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are neutral in Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
In the early trade, money flows are negative in &nbsp;Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>). The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is seeing selling along with junk stocks.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.  When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Market Summary

ETFs

$BTC

AAPL

AMZN

GOOG

MSFT

NVDA

TSLA

Opportunity In Missile Defense Stocks, Once In A Century Buying Stampede In Hong Kong

New class of materials offer improved conductivity and thermal management properties
ANDOVER, Mass., Oct. 2, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) business, has been awarded a three-year, two-phase contract from DARPA to develop foundational ultra-wide bandgap semiconductors, or UWBGS, based on diamond and aluminum nitride technology that revolutionize semiconductor electronics with increased power delivery and thermal management in sensors and other electronic applications.
During phase one of the contract, the Raytheon Advanced Technology team will develop diamond and aluminum nitride semiconductor films and their integration onto electronic devices. Phase two will focus on optimizing and maturing the diamond and aluminum nitride technology onto larger diameter wafers for sensor applications.
 &nbsp;

RTX  Has Been Awarded A 3-Year, 2-Phase Contract From DARPA To Develop Foundational Ultra-Wide Bandgap Semiconductors

WIIM

Shares of aerospace and defense stocks are trading higher after Iran launched a missile attack on Israel.

Shares of RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) are trading higher Tuesday, following a report suggesting an Iranian missile strike at Israel is imminent. Here&#8217;s <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/10/41120592/iran-set-to-launch-ballistic-missile-attack-against-israel-report">what you need to know.</a>
What To Know: Reports surfaced that Iran is preparing a missile strike against Israel in retaliation for an Israeli airstrike that killed Hezbollah leader Hassan Nasrallah. The news, earlier <a href="https://www.bloomberg.com/news/articles/2024-10-01/us-says-iran-preparing-to-attack-israel-with-ballistic-missiles?srnd=homepage-americas&amp;sref=TBDibEcD">reported by Bloomberg</a>, suggests the attack could happen imminently, causing ripple effects throughout global markets.
The conflict has intensified, with the U.S. increasing its military presence in the region to assist in defending Israel against the potential missile strike. Israel has also begun deploying forces into southern Lebanon, escalating its operations against Hezbollah in response to the rising threat.
What Else?
Additionally, RTX&#8217;s subsidiary Pratt &amp; Whitney secured a $1.3 billion contract for an upgrade to the F135 engine core, aimed at improving durability and enhancing cooling and power capabilities for the F-35 aircraft. Furthermore, Raytheon, another RTX business, received a $192 million contract from the U.S. Navy for the Next Generation Jammer Mid-Band Expansion (NGJ-MBX), further bolstering its defense portfolio.
RTX Price Action: RTX corporation shares were up by 2.72% at $124.46 according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="569" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01113347/RTX-1024x569.png" alt="" class="wp-image-575002" style="width:448px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01113347/RTX-1024x569.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01113347/RTX-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01113347/RTX-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01113347/RTX.png 1038w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
See Also:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41122002/playbux-ceo-envisions-web3-future-where-crypto-is-earned-via-gaming-shopping">Playbux CEO Envisions Web3 Future Where Crypto Is Earned Via Gaming, Shopping</a></li>
</ul>
Image via Wikimedia Commons.

RTX Shares Are Trading Higher Today: What You Need To Know

Shares of aerospace and defense stocks are trading higher following a report suggesting an Iranian missile strike at Israel is imminent.

Capability upgrade will counter new adversary threats

RTX's Raytheon Awarded $192M U.S. Navy Contract For Next Generation Jammer Mid-Band Expansion

On Monday, RTX Corporation&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) business, Pratt &amp; Whitney, won a contract worth up to $1.3 billion to <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n41106085/rtxs-pratt-whitney-awarded-f135-engine-core-upgrade-contract" rel="noreferrer noopener">advance the F135 Engine Core Upgrade (ECU)</a>.
The contract is expected to boost engine durability and enhance power and cooling for Block 4 and future F-35 capabilities.
Jill Albertelli, president of Pratt &amp; Whitney&#8217;s Military Engines business, said, &#8220;It allows us to continue work in the risk reduction phase with a fully staffed team focused on design maturation, aircraft integration, and mobilizing the supply base to prepare for production.&#8221;
Jeff Shockey, senior vice president of RTX Global Government Relations, stated, &#8220;Their steadfast commitment to the F135 ensures it will deliver critical capabilities for decades to come.&#8221;
To date, Pratt &amp; Whitney has delivered over 1,200 F135 engines, accumulating more than 900,000 flight hours.
The F135 ECU will be integrated into new F-35s during production or retrofitted at global F135 depot sustainment facilities, making it accessible to all F-35 operators.
Apart from this, RTX&#8217;s Raytheon delivered its first sensor payload to Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), ensuring the U.S. Space Force&#8217;s Next-Generation Overhead Persistent Infrared (Next-Gen OPIR) Geosynchronous Earth Orbit (GEO) Block 0 missile warning satellite remains on s<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n41094163/rtxs-raytheon-delivers-missile-warning-sensor" rel="noreferrer noopener">chedule for its initial launch in 2025</a>.
Investors can gain exposure to the stock via iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and First Trust Exchange-Traded Fund First Trust Indxx Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MISL#NYSE">MISL</a>).
Price Action: RTX shares are up 0.12% at $121.16 premarket at the last check Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/24/09/40888451/russia-to-expand-army-for-third-time-since-war-with-ukraine-began-defense-stocks-rtx-northrop-grumma" target="_blank" rel="noreferrer noopener">Russia To Expand Army For Third Time Since War With Ukraine Began: Defense Stocks RTX, Northrop Grumman Gain</a></li>
</ul>

RTX Wins $1.3B Contract For F135 Engine Upgrade: Details

Pratt &amp; Whitney, an RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) business, has been awarded a contract valued up to $1.3 billion to continue work on the F135 Engine Core Upgrade (ECU), which will deliver enhanced durability to the engine. The ECU also provides power and cooling for Block 4 and beyond capabilities for all three variants of the F-35 global enterprise.

Reported Earlier, Pratt & Whitney Secures $1.3B Contract for F-35 Engine Upgrade

USSF Next-Gen OPIR payload to provide critical missile warning data
EL SEGUNDO, Calif., Sept. 30, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) business, delivered its first sensor payload to prime contractor Lockheed Martin, keeping the U.S. Space Force Space Systems Command's first Next-Generation Overhead Persistent Infrared, or Next-Gen OPIR, Geosynchronous Earth Orbit (GEO) Block 0 missile warning satellite on track for a 2025 initial launch capability.
Designed to improve missile warning resilience and performance, two Next-Gen OPIR GEO satellites will eventually provide continuous coverage over mid-latitudes to the existing constellation. Raytheon is designing and building sensor payloads for both satellites.
Prior to delivery of the first payload, Raytheon completed a series of assessments including thermal vacuum testing. Thermal vacuum testing exposes the payload to a space-like environment and validates digital models to ensure the sensor meets design requirements. The second sensor payload is more than 60 percent completed and is scheduled to start thermal vacuum testing in early 2025.

RTX's Raytheon Delivered Its First Sensor Payload To Prime Contractor Lockheed Martin, Keeping The U.S. Space Force Space Systems Command's First Next-Generation Overhead Persistent Infrared, Or Next-Gen OPIR GEO Block 0 Missile Warning Satellite On Track For A 2025 Initial Launch Capability

Multi-mission weapon system will provide increased flexibility and capability for U.S. and allied navies
TUCSON, Ariz., Sept. 30, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) business, has received a $525 million contract from the U.S. Navy to produce ESSM Block 2 missiles and spares for the U.S. and allied nations.
ESSM Block 2 is a short to medium-range, ship-launched, dual-mode, guided missile that has increased maneuverability and improved performance over its Block 1 predecessor.

RTX Receives $525M U.S. Navy Contract For ESSM Block 2 Missiles And Spares For The U.S. And Allied Nations

This latest version features GaN technology for increased sensitivity.
TUCSON, Ariz., Sept. 25, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) business, has delivered the first AN/TPY-2 radar for the Kingdom of Saudi Arabia. The AN/TPY-2 is a missile defense radar that can detect, track and discriminate ballistic missiles in multiple phases of flight.
This is the first AN/TPY-2 radar with a complete Gallium Nitride, or GaN, populated array in the system. GaN is a glasslike material that offers key advantages over other radio frequency semiconductors in energy efficiency, weight and power output. GaN technology provides greater sensitivity to increase range as well as expand surveillance capacity. This technology is also a key enabler in allowing the AN/TPY-2 radar to support the hypersonic mission.

Global

RTX's Raytheon Completes First AN/TPY-2 Radar For The Kingdom Of Saudi Arabia

State Department Makes Determination Approving Sale To Egypt Of Stinger Missiles For $740M

AirBaltic Signs Long-Term EngineWise Maintenance Agreement With Pratt & Whitney For GTF Engine Fleet, Linking Costs To Engine Utilization

<a href="https://www.defense.gov/News/Contracts/Contract/Article/3910169/" title="https://www.defense.gov/News/Contracts/Contract/Article/3910169/">https://www.defense.gov/News/Contracts/Contract/Article/3910169/</a>

Reported September 18; Raytheon Awarded $18.6M Contract For International Field Artillery Tactical Data Systems, With Completion Expected By September 2026, Funded By 2024 Foreign Military Sales To Georgia

RTX (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this an aerospace and defense company have returned +0.7%, compared to the Zacks S&amp;P 500 composite&#39;s +1.6% change. During this period, the Zacks Aerospace - Defense industry, which RTX falls in, has lost 0.9%. The key question now is: What could be the stock&#39;s future direction?
While media releases or rumors about a substantial change in a company&#39;s business prospects usually make its stock &#39;trending&#39; and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
<h2>Earnings Estimate Revisions</h2>
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company&#39;s earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock&#39;s fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
RTX is expected to post earnings of $1.33 per share for the current quarter, representing a year-over-year change of +6.4%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.1%.
For the current fiscal year, the consensus earnings estimate of $5.45 points to a change of +7.7% from the prior year. Over the last 30 days, this estimate has changed +0.2%.
For the next fiscal year, the consensus earnings estimate of $6.43 indicates a change of +17.9% from what RTX is expected to report a year ago. Over the past month, the estimate has remained unchanged.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock&#39;s near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for RTX.
The chart below shows the evolution of the company&#39;s forward 12-month consensus EPS estimate:
<h2>12 Month EPS</h2>
<h2>Projected Revenue Growth</h2>
Even though a company&#39;s earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It&#39;s almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company&#39;s potential revenue growth is crucial.
For RTX, the consensus sales estimate for the current quarter of $19.95 billion indicates a year-over-year change of +5.3%. For the current and next fiscal years, $79.63 billion and $83.55 billion estimates indicate +7% and +4.9% changes, respectively.
<h2>Last Reported Results and Surprise History</h2>
RTX reported revenues of $19.72 billion in the last reported quarter, representing a year-over-year change of +7.7%. EPS of $1.41 for the same period compares with $1.29 a year ago.
Compared to the Zacks Consensus Estimate of $19.31 billion, the reported revenues represent a surprise of +2.15%. The EPS surprise was +9.3%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
<h2>Valuation</h2>
No investment decision can be efficient without considering a stock&#39;s valuation. Whether a stock&#39;s current price rightly reflects the intrinsic value of the underlying business and the company&#39;s growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company&#39;s valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock&#39;s price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
RTX is graded C on this front, indicating that it is trading at par with its peers.
<h2>Conclusion</h2>
The facts discussed here and much other information on Zacks.com might help determine whether or not it&#39;s worthwhile paying attention to the market buzz about RTX. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2337732/here-is-what-to-know-beyond-why-rtx-corporation-rtx-is-a-trending-stock?cid=CS-BENZ-FT-tale_of_the_tape|most_searched_stocks_v1-2337732">To read this article on Zacks.com click here.</a>

Here is What to Know Beyond Why RTX Corporation is a Trending Stock

L3Harris Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lhx#NYSE">LHX</a>) announced that it has received a five-year contract, worth $587.4 million, to deliver custom tactical jamming pods designed to modernize the U.S. Navy&#39;s Aerial Electronic Attack capability.
<h2>Details of LHX&#39;s New Contract</h2>
The Next Generation Jammer-Low Band (NGJ-LB) is an advanced airborne electronic warfare system. The L3Harris solution will be simpler to maintain than the Navy&#39;s present system because of its modular, open-system architecture, which allows for seamless updates.
It also combines enhanced processing with greater jamming capability. The L3Harris system will work with combined and allied forces to offer expansion potential for future technological integration.
Over the course of the next five years, the company will provide more test assets for airworthiness and design verification, in addition to eight operational prototype pods for the U.S. Naval Air Systems Command to evaluate the fleet. The Navy intends to replace the outdated AN/ALQ-99 Tactical Jamming System, and the NGJ-LB pods will aid the initiative by flying on the EA-18G Growler.
<h2>Benefits of NGJ-LB</h2>
With high-power RF jamming, LHX&#39;s NGJ-LB pod transforms the Growler&#39;s capacity to carry out its main mission, Suppression of Enemy Air Defense, from standoff ranges. This results in improved lethality and scalability for upcoming technological advancements.
The NGJ-LB helps cover a broad spectrum of frequencies to serve diverse Department of Defense-wide electronic warfare demands.
The NGJ-LB reduces aircrew workload and cockpit distractions while increasing the number of simultaneous targets that aircrews can attack through high Equivalent, Isotropically Radiated Power and tailored waveforms. The cutting-edge technology of the NGJ-LB significantly improves availability and sustainment while eradicating existing system capability gaps.
<h2>Peer Prospects</h2>
Along with LHX, other defense companies like RTX Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>), Northrop Grumman (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/noc#NYSE">NOC</a>) and Lockheed Martin (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>) are also set to take advantage of the expanding EW market.
In August 2024, RTX won a contract involving its Next Generation Jammer Mid-Band (NGJ-MB) System. Valued at $27.7 million, the contract is expected to be completed by August 2026. Per the terms of the deal, RTX will be involved in the repair of several components used in the NGJ-MB System employed on the F/A-18 aircraft.
RTX&#39;s long-term (three to five-year) earnings growth rate is 10.42%. The Zacks Consensus Estimate for 2024 EPS indicates a year-over-year increase of 7.7%.
Northrop Grumman has been providing Naval Airborne EW solutions for more than 55 years and is the Airborne Electronic Attack System Integrator for the U.S. Navy warfighter. Some of its EW systems are the ALQ-251 radio frequency countermeasures system and the AN/APR-39 Radar Warning Receiver/Electronic Warfare Management System.
NOC&#39;s long-term earnings growth rate is 8.68%. The Zacks Consensus Estimate for 2024 EPS indicates a year-over-year increase of 7.9%.
LMT provides global ground EW solutions to U.S. forces, as well as partner nations, through a unique next-generation open architecture product platform and open business model.&nbsp; Its Advanced Off-Board EW program delivers persistent electronic surveillance and attack capability against naval threats like anti-ship missiles.
LMT&#39;s long-term earnings growth rate is 4.67%. The Zacks Consensus Estimate for 2024 sales indicates a year-over-year increase of 5.3%.
<h2>LHX&#39;s Stock Price Performance</h2>
In the past six months, shares of LHX have risen 9.9% compared with the industry&#39;s 2.8% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6b/78036.jpg?v=1862206655" />
Image Source: Zacks Investment Research
<h2>LHX&#39;s Zacks Rank</h2>
LHX currently carries a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2336989/l3harris-wins-587m-contract-for-next-generation-jammer-low-band?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2336989">To read this article on Zacks.com click here.</a>

Events

Tech

L3Harris Wins $587M Contract for Next Generation Jammer-Low Band

Defense stocks rise as tensions escalate with Iran's missile attack on Israel

Nasdaq, S&P, Dow fall as Israeli military says Iran launches missile attack

Nasdaq, S&P, Dow drop as Israeli military says Iran launches missile attack

Nasdaq, S&P, Dow end lower as October starts with Iran launching missiles against Israel

Investing in growth stocks is appealing due to attractive pricing, stable business activity, easing inflation, and the Fed's gradual rate cuts, all of which create a favorable environment for capital gains. With a positive global economic outlook, it could be wise to consider investing in stocks that Wall Street loves for 2024, such as RTX (RTX), Cigna (CI), and General Dynamics (GD). Read on… The recent pullback in the U.S. market presents an opportunity to acquire growth stocks at more attractive prices. Stable U.S. business activity signals strong growth and resilience, creating a favorable environment for high-growth investments. Additionally, positive sentiment in sectors like defense and healthcare may lead to promising future opportunities.
Therefore, it may be wise for investors to consider investing in strong stocks that Wall Street loves for 2024, such as RTX Corporation (<a href="https://stocknews.com/stock/RTX/">RTX</a>), The Cigna Group (<a href="https://stocknews.com/stock/CI/">CI</a>), and General Dynamics Corporation (<a href="https://stocknews.com/stock/GD/">GD</a>), all of which have strong growth potential.
Inflation has eased to <a href="https://www.cnbc.com/2024/09/13/fed-will-ease-slowly-as-there-is-still-work-to-do-on-inflation-fitch.html">2.5% year-over-year</a>, the lowest since February 2021. As it stabilizes, companies could see improved profitability, making certain stocks more appealing. Additionally, the Federal Reserve's gradual rate cuts over the next 25 months are expected to create a favorable environment for stock market growth by reducing borrowing costs and boosting corporate investment.
Historically, gradual <a href="https://www.reuters.com/markets/rates-bonds/with-feds-rate-cut-hand-debate-swirls-over-how-big-move-2024-09-18/">Fed rate cuts</a> have fueled stock market rallies, creating opportunities for capital gains as monetary policy eases and inflation stabilizes. Amid this, growth stocks stand out for their above-average revenue growth, with companies frequently reinvesting profits to drive future expansion, making them a compelling choice for long-term investors.
Considering these conducive trends, let's analyze the fundamentals of the three growth picks mentioned above.
RTX Corporation (<a href="https://stocknews.com/stock/RTX/">RTX</a>)
RTX is an aerospace and defense company that provides systems and services for commercial, military, and government customers internationally. It operates through three segments: Collins Aerospace, Pratt &amp; Whitney, and Raytheon.
RTX's levered FCF grew at a CAGR of 13.1% over the past three years. Also, its EBITDA grew at a CAGR of 3.6% over the past three years.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin, RTX's 12.99% is 101.7% higher than the 6.44% industry average. Likewise, its 3.28% trailing-12-month Capex / Sales is 12.4% higher than the 2.92% industry average.
RTX's sales for the second quarter ending June 30, 2024, increased 7.7% from the year to $19.72 billion. Its adjusted net income attributable to common shareholders remained flat year-over-year at $1.90 billion, while its EPS rose 9.3% year-over-year to $1.41. Additionally, the company's free cash flow increased significantly from the previous year to $2.20 billion.
Street expects RTX's EPS and revenue for the quarter ending September 30, 2024, to increase 7.3% and 47.3% year-over-year to $1.34 and $19.83 billion, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters. The stock has gained 68.6% over the past year to close the last trading session at $121.47.
RTX's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. It has an overall rating of B, translating to a Buy in our proprietary system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #21 out of 71 stocks in the <a href="https://stocknews.com/category/air-defense/">Air/Defense Services</a> industry. It has a B grade for Growth, Momentum, and Sentiment. <a href="https://stocknews.com/stock/RTX/">Click here</a> to see RTX's ratings for Value, Stability, and Quality.
The Cigna Group (<a href="https://stocknews.com/stock/CI/">CI</a>)
CI provides insurance and related services. It operates through its Evernorth Health Services and Cigna Healthcare segments. The company also offers permanent insurance contracts for financing employer-paid benefits.
CI's revenue grew at a CAGR of 9% over the past five years. Also, its total assets grew at a CAGR of 0.3% over the past three years.
In terms of the trailing-12-month EBIT margin, CI's 3.51% is 22.5% higher than the 2.87% industry average. Similarly, its 1.41x asset turnover ratio is 243.1% higher than the 0.41x industry average.
During the second quarter ended June 30, 2024, CI's adjusted revenues increased 24.4% year-over-year to $60.47 billion. Its adjusted income from operations rose 4.9% and 9.6% year-over-year to $1.91 billion, or $6.72 per share. Moreover, the company's pharmacy revenues came in at $45.10 billion, up 32.8% over the prior-year quarter.
Analysts expect CI's revenue for the quarter ending September 30, 2024, to increase 21.5% year-over-year to $59.59 billion. Its EPS for the same quarter is expected to grow 8.1% year-over-year to $7.32. It surpassed the EPS estimates in each of the trailing four quarters. Over the past nine months, CI's stock has gained 15.9% to close the last trading session at $345.62.
It's no surprise that CI has an overall rating of A, which translates to a Strong Buy in our proprietary POWR Ratings system.
It has a B grade for Growth, Value, Stability, and Quality. It is ranked #2 out of 10 stocks in the A-rated <a href="https://stocknews.com/category/health-insurance/">Medical - Health Insurance</a> industry. Beyond what we stated above, we also have given CI grades for Momentum and Sentiment. Get all the CI's ratings <a href="https://stocknews.com/stock/CI/">here</a>.
General Dynamics Corporation (<a href="https://stocknews.com/stock/GD/">GD</a>)
GD operates as a global aerospace and defense company through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies.
On September 19, 2024, GDIT announced a $299 million contract from the Defense Information Systems Agency (DISA) to support and enhance the Pentagon's network infrastructure. The contract includes a one-year base period with two six-month options.
On September 13, 2024, GD's NASSCO announced a contract to build up to eight additional John Lewis-class fleet replenishment oilers for the U.S. Navy, starting with a $780 million award for the tenth ship. If all eight ships are built, the contract's total value could exceed $6.70 billion.
GD's EPS grew at a CAGR of 3.7% over the past three years. Likewise, its net income grew at a CAGR of 2.6% during the same period.
In terms of the trailing-12-month net income margin, GD's 7.89% is 26.9% higher than the 6.22% industry average. Its 6.39% trailing-12-month Return on Total Assets is 29.5% higher than the 4.94% industry average. Likewise, its 0.83x trailing-12-month asset turnover ratio is 6.6% higher than the industry average of 0.78x.
GD's revenue for the second quarter which ended on June 30, 2024, increased 18% year-over-year to $11.98 billion. Its operating earnings rose 20.2% from the year-ago quarter to $1.16 billion. Moreover, the company's net earnings amounted to $905 million and $3.26 per share, up 21.6% and 20.7% over the previous year's quarter, respectively.
For the quarter ending September 30, 2024, GD's EPS and revenue are expected to increase by 22.6% and 15.1% year-over-year to $3.73 and $12.17 billion, respectively. It has surpassed the consensus EPS and revenue estimates in each of the trailing four quarters. Over the past year, the stock has gained 37.5% to close the last trading session at $301.56.
GD's POWR Ratings reflect a robust outlook. It has an overall rating of B, which translates to a Buy in our proprietary system.
It is ranked #5 in the Air/Defense Services industry. It has a B grade for Growth, Momentum, Stability, and Sentiment. <a href="https://stocknews.com/stock/GD/">Click here</a> to access additional grades of GD for Value and Quality.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
RTX shares were trading at $121.16 per share on Thursday afternoon, up $0.26 (+0.22%). Year-to-date, RTX has gained 46.60%, versus a 21.55% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/rtx-ci-gd-3-growth-stocks-wall-street-loves-for-2024/>3 Growth Stocks Wall Street Loves for 2024</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Comments

RTX

Intérêt court

RTX (NYSE:RTX) Stock, Rapport sur les intérêts à découvert

Les gens regardent aussi

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL