2024-08-02 03:22:00 ET
It's been a great year for commercial aerospace and defense company RTX (NYSE: RTX) . The company has dispelled the worst fears over the geared turbo fan (GTF) engine inspection issue, and management recently raised its full-year revenue and earnings guidance. That said, is the stock still a good value? Here's what you need to know before buying RTX stock.
Before discussing the business qualitatively, here's a brief overview of management's recently upgraded guidance. As you can see in the table below, management raised its sales and earnings guidance but cut its free cash flow ( FCF ) guidance. There will be more on that in a moment.
Full-Year Guidance
For further details see:
Is RTX Stock a Buy?