Core Insights - Hypersonic technology is becoming a critical focus for defense innovation globally, driven by increasing geopolitical tensions [1] - RTX Corp. is a leader in hypersonic development, leveraging over 50 years of expertise in missile systems and digital engineering [1] Company Developments - RTX is actively involved in the Hypersonic Air-breathing Weapon Concept (HAWC) program, a collaboration with the Defense Advanced Research Projects Agency and the U.S. Air Force [2] - The company's hypersonic air cruise missile (HACM) can achieve speeds of Mach 5 or greater, while its ANTPY 2 radar, enhanced with Gallium Nitride technology, can detect hypersonic threats [3] - RTX's Lower Tier Air and Missile Defense Sensor (LTAMDS) has transitioned from prototype to production after eight successful flight tests, receiving Major Capability Acquisition Milestone C designation from the U.S. Department of Defense [4] Industry Context - Hypersonic technology is seen as a game-changer in modern warfare due to its speed and precision, prompting other defense companies like Northrop Grumman and Lockheed Martin to expand their capabilities [5] - Northrop Grumman has collaborated with RTX since 2019 to develop scramjet engines for hypersonic weapons and opened a Hypersonics Capability Center in 2023 [6] - Lockheed Martin has been developing hypersonic technology for 60 years and is the prime contractor for the Conventional Prompt Strike missile, with a successful flight test conducted in May 2025 [7] Financial Performance - RTX shares have increased by 34.4% year-to-date, outperforming the industry average growth of 27.3% [8] - The company's shares are trading at a forward Price/Earnings (P/E) ratio of 24.39X, which is below the industry average of 27.55X [10]