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Is RTX Corporation (RTX) One of the Best Industrial Stocks to Buy?
Yahoo Financeยท 2025-12-02 06:34
Core Viewpoint - RTX Corporation is highlighted as one of the best industrial stocks to buy, with an Outperform rating and a price target of $210 from BNP Paribas Exane [1]. Group 1: Business Developments - RTX's joint venture, Raytheon-Rafael Protection Systems, secured a $1.25 billion contract with Israel for surface-to-air missiles, which includes missiles, missile kits, and testing gear for the Iron Dome defense system [2]. - A new manufacturing site in East Camden, Arkansas, has been established with an investment of $33 million to produce missiles for the Iron Dome and its U.S. counterpart, SkyHunter [3]. - The company has recently increased its yearly profit and revenue outlook due to rising demand for its missiles and related services amid escalating global tensions [3]. Group 2: Company Overview - RTX Corporation is based in Virginia and operates in the aerospace and defense sector, serving commercial airlines, militaries, and government clients globally [4]. - The company specializes in aviation systems, training technology, aircraft engine maintenance, and defense systems designed to detect, track, and counter threats [4].