RTX - RTX: Defense Play With Commercial Growth Engine A Cautious Buy
2024-05-29 02:34:00 ET
Summary
- RTX is a fundamentally defensive play in the current market environment, with strong commercial operations and exposure to growing defense spending in Europe.
- The outlook for defense-related stocks remains bullish, particularly in Europe where many NATO countries are increasing defense spending.
- RTX is experiencing strong growth in its commercial and defense divisions, with solid organic sales growth and a record order backlog. Margin expansion is expected in the future.
- RTX stock still looks like a good play in the current market, but investors should monitor the firm's poor cash use.
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RTX: Defense Play With Commercial Growth Engine, A Cautious Buy