Core Thesis - RTX Corporation is positioned favorably within the missile defense sector, particularly with the Golden Dome concept, leveraging its existing Raytheon business capabilities [2][4][8] Company Overview - RTX Corporation operates in the aerospace and defense industry, providing systems and services to commercial, military, and government clients both domestically and internationally [2] - The company's share price was reported at $199.88, with trailing and forward P/E ratios of 40.21 and 30.03 respectively [1] Product and Service Capabilities - RTX's product portfolio includes essential components for missile defense, such as Patriot interceptor batteries, advanced phased-array radars, and battle management software, aligning with the broader architecture of layered missile defense [3][4] - The company can operate across both sensing and kinetic layers of missile defense, enabling it to address a wide range of threats, including aircraft, cruise missiles, ballistic missiles, and drones [4] Competitive Advantage - RTX's advantages stem from its scale, reliability, and repeatability in manufacturing and deploying defense systems, allowing for incremental capacity expansion while maintaining readiness [5] - The company’s systems are designed for continuous upgrades and interoperability, ensuring long-term demand through modernization cycles rather than one-off procurement [7] Market Positioning - As the defense landscape shifts towards pragmatic, layered homeland defense models, RTX's existing portfolio becomes increasingly central to the execution of these strategies [6][8] - The company is expected to benefit disproportionately from sustained missile defense investments, positioning it as a core enabler of realistic defense architectures [8]