Jefferies Reaffirms Hold Rating on RTX Corporation (RTX) Following Defense Systems Deal with Egypt

Group 1 - RTX Corporation (NYSE:RTX) is recognized as one of the 14 safe stocks for a starter portfolio, following the US Department of Defense's approval of Egypt's $4.7 billion purchase of National Advanced Surface-to-Air Missile Systems (NASAMS) [1] - Jefferies has reaffirmed its Hold rating and $225 price target for RTX Corporation, with the transaction involving hundreds of missiles, guidance units, and four AN/MPQ-64F1 Sentinel radar systems [1] - The company's Air Warfare Systems division, which includes AMRAAM and Tomahawk, is projected to grow at a high single-digit rate through the end of the decade [2] Group 2 - Each percentage point of growth in Air Warfare is estimated to contribute one cent toward the 2027 earnings per share of $7.40, representing 1% of the total [2] - RTX Corporation operates in the global aerospace and defense industry, providing systems and services to commercial, military, and government clients through three main businesses: Collins Aerospace, Pratt & Whitney, and Raytheon [3]