RTX Corporation (NYSE: RTX) has seen its shares surge by 43% over the past year, driven by its Raytheon business's dominance in the global missile market and increased defense budgets. The company reported a record $289 billion backlog in Q2 2026, with significant new awards in defense programs. Despite strong performance, RTX trades at a discount to its industry average, suggesting potential for further upside.
Foreign Policy Journal
Original source
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