What Happened
Defense Giant Sees Strong Demand and Growth Prospects
RTX Corporation has outperformed the aerospace and defense industry in the past three months, with a 6% loss compared to the industry’s 13.2% decline. The company has secured large defense contracts, including a $24.4 billion deal for Standard Missile-6 interceptors, and is expanding its manufacturing capacity. RTX’s earnings estimates indicate a 14.8% year-over-year growth, driven by strong demand for its products. This article was first reported by Zacks Investment Research.