Are Wall Street Analysts Bullish on RTX Corporation Stock?

RTX Corporation (RTX), headquartered in Arlington, Virginia, provides systems and services for commercial, military, and government customers in the aerospace and defense industries. Valued at $157.1 billion by market cap, RTX is the world’s largest aerospace and defense company that offers avionics systems, aviation systems, communications and navigation equipment, interior and exterior aircraft lighting, aircraft seating, environmental control systems, flight control systems, and engine components. 

Shares of this aerospace and defense giant have outperformed the broader market considerably over the past year. RTX has gained 43.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 32.7%. In 2024, RTX stock is up 41.4%, surpassing the SPX’s 21.2% rise on a YTD basis.