Rtx Corporation (RTX), previously known as Raytheon Technologies, is a prominent provider of engineering and production services to the aerospace and defense industry. Founded in 1985, the company operates through Collins Aerospace; Pratt & Whitney; and Raytheon segments, providing systems and services for commercial, military, and government customers in the U.S. and internationally. Its market cap currently stands at $141.4 billion.
RTX stock has underperformed the broader market over the last year. RTX has gained 11.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 26.8%. However, in 2024, shares of RTX rose 27.2%, surpassing SPX's 9.7% gains on a YTD basis.
