Is RTX Corporation (RTX) the Best Defense Stock to Buy in the S&P 500?

Core Insights - RTX Corporation is recognized as one of the top 10 defense stocks to buy in the S&P 500, highlighting its strong position in the defense sector [1] - The company’s subsidiary, Blue Canyon Technologies, successfully launched a satellite for NASA's Pandora mission, marking the 87th spacecraft deployed by the subsidiary [2] - RTX and Spain's Indra Sistemas were awarded a contract by the U.S. government to provide new radars as part of a $12.5 billion initiative to modernize the air traffic control system [3] Analyst Ratings and Price Targets - Analysts have rated RTX as a Moderate Buy, with a one-year average share price target of $198.92, indicating a potential downside of 1.49% as of January 19 [3] - Recent updates from analysts include Susquehanna raising its price target from $205 to $230 while maintaining a Positive rating, and Citigroup increasing its target from $211 to $227 with a Buy rating [4] Company Overview - RTX Corporation is a major player in the global aerospace and defense industry, providing systems and services to commercial, military, and government clients [5]