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Raytheon Technologies (NYSE:RTX) stock has reached an unprecedented peak, touching an all-time high of $135.76. The aerospace and defense giant, now commanding a market capitalization of $180 billion, has demonstrated remarkable momentum according to InvestingPro data. This milestone underscores a period of significant growth for the aerospace and defense company, reflecting investor confidence and a bullish market sentiment towards RTX’s prospects. Over the past year, the stock has witnessed a remarkable ascent, delivering a 44% return while maintaining a 55-year streak of consecutive dividend payments. With analysts setting price targets ranging from $120 to $160, and the company currently trading near its Fair Value according to InvestingPro analysis, RTX continues positioning itself as a standout performer in its sector. Discover 10+ additional exclusive insights and detailed valuation metrics with an InvestingPro subscription, including the comprehensive Pro Research Report available for RTX and 1,400+ other top stocks.
In other recent news, RTX Corp. has been the focus of several noteworthy developments. Raytheon (NYSE:RTN), a business unit of RTX, secured a follow-on contract with the U.S. Army Futures Command to continue its work on the Rapid Campaign Analysis and Demonstration Environment (RCADE), a strategic military decision-making tool. Meanwhile, Collins Aerospace, another RTX unit, announced the upcoming shipments of its Airshow™ HD in-flight entertainment system for business jets, offering a standalone IFE solution with advanced features like 4K resolution and interactive moving maps. Additionally, Collins Aerospace has begun full production of the MAPS GEN II system, which provides assured positioning, navigation, and timing for U.S. Army and Marine Corps vehicles, aligning with the Department of Defense’s modernization goals.
In a separate development, Collins Aerospace won a contract to supply 144 ACES II® ejection seats for the U.S. Air Force’s F-15EX aircraft, reinforcing its role in enhancing aircrew safety. On the financial front, Baird analyst Peter Arment upgraded RTX Corp.’s stock rating from Neutral to Outperform, raising the price target to $160. This upgrade is based on expectations of reduced headline risk from GTF engines post-2025 and anticipated benefits from increased defense budgets. These developments highlight RTX’s ongoing contributions to both defense and aviation sectors, with significant implications for its future performance.
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