Is RTX Corporation Stock a Buy?

It's been a tough year for defense and aerospace company RTX Corporation (RTX 0.80%) -- formerly known as Raytheon Technologies.  The stock has not only trailed the S&P 500 over the past 12 months, but shares are down more than 10%.The company incurred a $5.4 billion charge on revenue and a $2.9 billion hit to its operating profit in its third quarter due to a metal defect that impacted its aircraft engines. No shareholder likes to see billions of dollars go out the window, but this short-term impact may ha ...