Key Takeaways Lockheed has led hypersonic innovation for 60 years with programs like ARRW, CPS, and LRHW.The company is refining its Mako missile for speed and affordability to win future contracts.LMT's LRHW was deployed overseas for the first time in Talisman Sabre 25 with U.S. allies.As nations across our planet are striving to strengthen their defense capabilities, hypersonic weapons are considered to be a potential game-changer in future warfare. This is due to their extreme speed and maneuverability, ...

Full coverage counters massive, coordinated attacks WHITE SANDS MISSILE RANGE, N.M., Aug. 18, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, successfully completed another 360-degree flight test for the Lower Tier Air and Missile Defense Sensor, or LTAMDS, using one of the radar's secondary arrays to track and intercept a complex, threat representative target. This follows the radar's recent Milestone C designation, initiating the transition from prototype to production and deployment. In this ...

Core Viewpoint - RTX Corporation is well-positioned to navigate the dual currents of rising geopolitical instability and resilient demand for commercial air travel, supported by its dual mandate in aerospace and defense [1][11]. Group 1: Defense Segment - The Raytheon segment of RTX is a key driver of stability, with a record defense backlog of $93 billion at the end of 2024, providing predictable revenue less affected by economic cycles [2][4]. - Key programs contributing to this backlog include the Patriot air and missile defense system, which recently secured a $2.4 billion contract with Germany, and advanced munitions like the AMRAAM missiles, which received a $299.7 million contract modification [3][4]. - The transition to advanced systems is highlighted by a recent $1.9 billion award for the U.S. and Poland, showcasing the demand for modern defense capabilities [4]. Group 2: Commercial Aerospace Segment - The commercial aerospace businesses, including Pratt & Whitney and Collins Aerospace, are experiencing growth driven by the recovery in air travel, with a 21% year-over-year increase in commercial aftermarket sales in Q1 2025 [5]. - The Pratt & Whitney GTF engine issue has been addressed with a clear management plan, leading to a 30% increase in MRO output in 2024, ensuring a predictable and high-margin services business [6]. - The commercial backlog for RTX stands at $125 billion, indicating strong future growth potential, supported by over 950 new orders for the GTF engine in 2024 [7]. Group 3: Financial Performance and Valuation - RTX's current P/E ratio is approximately 24, reflecting a premium valuation that many investors associate with quality and stability in the market [8]. - The company has a dividend yield of 1.86% and recently increased its dividend by 7.9%, demonstrating management's confidence in future cash flows and a commitment to returning value to shareholders [10][12]. - RTX has a strong track record of dividend payments, with an 88-year history, reinforcing its status as a reliable blue-chip investment [12]. Group 4: Strategic Balance - The strategic balance of RTX, with its defense segment providing stability and its commercial aerospace segment offering growth, allows the company to operate effectively across various economic scenarios [11]. - This operational strength translates into financial fortitude, enabling RTX to deliver tangible value to its shareholders [12].