RTX Profits Shot Up This Year Amid Strong Military And Commercial Sales. Composite Rating Hits 97

Core Insights - RTX, formerly known as Raytheon, has shown significant earnings growth, with a 17% increase in Q3 earnings to $1.70 per share, following previous gains of 10% and 11% in the prior two quarters [2] - The company's revenue also grew by 12% to $22.5 billion, an improvement from 9% growth in the previous quarter, prompting RTX to raise its full-year sales and profit estimates [2] - RTX's IBD SmartSelect Composite Rating improved to 97, placing it among the top 3% of stocks based on key fundamental and technical metrics [1] Financial Performance - Q3 earnings per share (EPS) increased by 17% to $1.70, with prior EPS gains of 10% and 11% [2] - Revenue for the third quarter reached $22.5 billion, reflecting a 12% growth compared to the previous quarter's 9% growth [2] - RTX has an EPS Rating of 89 and a B Accumulation/Distribution Rating, indicating strong interest from institutional investors over the last 13 weeks [2] Stock Performance - RTX stock broke out from a buy point of 136.17 in mid-May and has been on an upward trend, trading around 177 [3] - The stock is on track for a fifth consecutive higher close, although it has not formed a recognizable pattern favored by IBD Methodology investors [3] Industry Position - RTX ranks No. 5 among its peers in the Aerospace/Defense industry group, with GE Aerospace holding the top position [5] - The company provides a variety of aerospace and defense systems and services, including products for the F-35 advanced fighter jet and a new missile replacement for the legacy Stinger system [4]