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Christopher T. Calio, the President and CEO of RTX Corp (NYSE:RTX), recently sold 27,379 shares of the company’s common stock. The transaction took place on February 27, 2025, and was disclosed in a filing with the Securities and Exchange Commission. The shares were sold at an average price of $130.36, resulting in a total sale value of approximately $3.57 million.
Following this transaction, Calio retains direct ownership of 81,508 shares. Additionally, he holds 4,273 shares indirectly through a savings plan trustee. The stock price during the sale ranged from $130.17 to $130.55 per share, based on a weighted average. Notably, RTX has maintained dividend payments for 55 consecutive years, with a current dividend yield of 1.88%.
RTX Corp, formerly known as Raytheon Technologies Corp, is a major player in the aircraft engines and engine parts industry, with annual revenue of $80.7 billion. The company is headquartered in Arlington, Virginia. According to InvestingPro analysis, RTX currently appears fairly valued, with additional insights available in the comprehensive Pro Research Report covering this prominent aerospace and defense leader.
In other recent news, RTX Corp. has been in the spotlight with several notable developments. Collins Aerospace, a unit of RTX, secured a contract to supply 144 ACES II® ejection seats for the U.S. Air Force’s F-15EX aircraft, reinforcing its collaboration with Boeing (NYSE:BA) Defense. Meanwhile, Pratt & Whitney, another division of RTX, landed a $1.5 billion contract to support F119 engines for the Air Force’s F-22 Raptor jets, focusing on enhancing readiness and reducing maintenance costs.
In a separate development, UBS upgraded RTX Corp.’s stock rating from Neutral to Buy, raising the target price to $147. UBS cited strong commercial and defense positioning as key drivers, with potential revenue boosts from increased NATO defense spending. Additionally, Raytheon (NYSE:RTN), a business unit of RTX, completed successful tests for the U.S. Army’s Next-Generation Short-Range Interceptor program, demonstrating advanced capabilities over the current Stinger missile system.
However, the defense sector, including RTX, faced uncertainty following reports of potential Pentagon budget cuts, which could impact future revenue streams for defense contractors. Despite these concerns, RTX continues to showcase its robust portfolio and strategic advancements across its divisions.
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