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Rtx Corp stock has reached an all-time high, touching 158.79 USD. The aerospace and defense giant, with a market capitalization of $212.29 billion, has demonstrated impressive momentum with a year-to-date return of 37.02%. According to InvestingPro analysis, the stock is currently trading near its Fair Value. This milestone highlights a significant period of growth for the company, as evidenced by a 1-year change of 32.79%. The stock’s performance reflects strong investor confidence and robust business fundamentals, supported by 15.44% revenue growth and a steady 1.74% dividend yield. This achievement marks a noteworthy moment for Rtx Corp, showcasing its resilience and potential in the market. InvestingPro subscribers can access 13 additional key insights and a comprehensive Pro Research Report for deeper analysis of RTX’s market position.
In other recent news, RTX Corp. has secured a significant $50 billion umbrella contract from the Defense Logistics Agency. This 20-year contract covers systems production, spare parts, and support services, highlighting RTX’s ongoing collaboration with defense agencies. Raytheon, a business under RTX, has been awarded a $258.7 million contract by the U.S. Department of Defense for the development of the Standard Missile 2 (SM-2) Block IIICU All Up Round. Additionally, Raytheon successfully completed a 360-degree flight test for its Lower Tier Air and Missile Defense Sensor (LTAMDS), marking a step towards production and deployment.
Meanwhile, Collins Aerospace, also part of RTX, has started providing JetBlue with its FlightAware Foresight technology, a predictive analytics tool aimed at enhancing flight operations. In another development, Velo3D, Inc. announced its participation in a U.S. Army-funded initiative to advance aluminum manufacturing for defense applications, collaborating with RTX and the Raytheon Technologies Research Center. These recent developments underscore the continued engagement of RTX and its subsidiaries in defense and aerospace innovations.
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