Defense stocks have been in a downdraft heading into the new year. President Trump’s intent to de-escalate geopolitical conflicts and end the war in Ukraine with funding cuts is causing concern throughout the aerospace sector. The world's largest defense contractor, Lockheed Martin Co. NYSE: LMT, shares tumbled 22% in just over two months from its high of $618.95 on Oct. 21, 2024, to $481.82 on Jan. 3, 2025. RTX TodayRTXRTX$113.98 -1.89 (-1.63%) 52-Week Range$84.43▼$128.70Dividend Yield2.21%P/E Ratio32.57P ...

As anticipated, Nvidia Monday kicked off its CES 2025 keynote by unveiling the new RTX Blackwell family of GPUs. The centerpiece of the line is the RTX 5090. The card bears a striking resemblance to its predecessor, but now sports, 92 billion transistors, 4,000 AT TOPS, 380 ray-tracing TFLOPS, and 1.8 TB/s bandwidth.The 5090 offered up some truly impressive real-time demos at the evening’s keynote, featuring deeply detailed graphics with complex textures and full ray tracing. Nvidia claims that the new pre ...

Contract marks the third Patriot order for Romania ANDOVER, Mass., Jan. 3, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded a $946 million contract to supply Romania with additional Patriot® air and missile defense systems. The contract includes fire units consisting of radars, control stations and missiles. "Raytheon is committed to providing Romania with advanced integrated air and missile defense capabilities to protect its citizens and critical infrastructure," said Pete Bata, sen ...

RTX Corp. (RTX) recently secured a modification contract to provide hardware, software and services for the production of the Patriot missile program. The award has been offered by the U.S. Army Contracting Command, Redstone Arsenal, AL.Valued at $946.4 million, the contract is projected to be completed by Dec. 31, 2029.What’s Favoring RTX Stock?Global defense spending has surged rapidly over the past decade as nations are significantly enhancing their military capabilities amid rising geopolitical tensions ...

RTX (RTX) closed the most recent trading day at $116.83, moving +0.17% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 1.1%. Elsewhere, the Dow gained 0.91%, while the tech-heavy Nasdaq added 1.35%.Shares of the an aerospace and defense company have depreciated by 1.7% over the course of the past month, outperforming the Aerospace sector's loss of 4.17% and lagging the S&P 500's gain of 0.22%.The investment community will be paying close attention to the earni ...

RTX Corporation’s (RTX) business segment, Raytheon, recently secured a deal for engineering and technical services in support of the Evolved Seasparrow Missile (“ESSM”) and NATO Seasparrow Missile Systems programs. The deal has been provided by the Naval Sea Systems Command, Washington, D.C.Valued at nearly $43 million, the contract is expected to be completed by December 2025. A major portion of the work related to this deal will be carried out in Tucson, AZ. This contract will primarily serve the U.S. gov ...

The latest trading session saw RTX (RTX) ending at $116.63, denoting a +0.13% adjustment from its last day's close. The stock lagged the S&P 500's daily gain of 0.73%. Meanwhile, the Dow gained 0.16%, and the Nasdaq, a tech-heavy index, added 0.98%.The the stock of an aerospace and defense company has fallen by 3.55% in the past month, lagging the Aerospace sector's loss of 2.61% and the S&P 500's gain of 0.34%.Analysts and investors alike will be keeping a close eye on the performance of RTX in its upcomin ...

"Drones" were in the headlines again this week -- and for millions of Americans up and down the East Coast, maybe also over-head.As far north as New York to as far south as Florida -- and as far west as an Air Force base in Ohio, too -- unidentified flying objects (UFOs) that appear to be a mix of formation-flying quadcopter and fixed-wing drones have been reported buzzing American skies. The FBI and Homeland Security insist this is all bunk, that there's "no evidence" that drones "pose a national security ...

Key milestone for the rapid development of affordable, long-range precision munitionsTUCSON, Ariz., Dec. 18, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, and Ursa Major announced its advanced long-range solid rocket motor completed a successful missile flight test for the U.S. Army. The companies' combined experience and expertise in digital engineering was a critical factor in accelerating the design and development of this transformational capability."These long-range solid rocket motors wi ...

RTX Corporation’s (RTX) unit, Collins Aerospace, recently announced a comprehensive avionics upgrade and modernization program for Beechcraft King Air and Hawker aircraft. The program will enhance performance, safety and cockpit technology to reduce pilot workload and improve efficiency.Details of RTX’s ProgramThe program includes upgrading Pro Line 21-equipped King Air 200 and 300 series aircraft to Pro Line Fusion, along with system enhancements for factory-installed Pro Line Fusion models of the same ser ...