RTX Stock: Does Barracuda Anti-Mine's Success Signal a Buying Opportunity?

Key Takeaways Raytheon's Barracuda vehicle completed its first untethered, semi-autonomous underwater test. RTX logged $9B in Q1 bookings and a $92B backlog, supporting long-term defense revenue growth. Supply-chain issues and a premium valuation may limit RTX's near-term upside despite tech advances.RTX Corp.’s (RTX) business segment, Raytheon, has recently tested its Barracuda mine neutralization vehicle in untethered, semi-autonomous mode for the first time. The system successfully navigated, communica ...