12 Best Manufacturing Stocks to Buy According to Hedge Funds

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2. RTX Corporation (NYSE:RTX)

Number of Hedge Fund Holders: 79

RTX Corporation (NYSE:RTX) is one of the best manufacturing stocks to buy according to hedge funds. On July 8, Raytheon, which is an RTX business, demonstrated the autonomous capabilities of its Barracuda mine neutralization vehicle for the first time in an untethered and semi-autonomous operation.

The open water testing took place in Narragansett Bay, where the Barracuda proved its ability to autonomously navigate and operate independently underwater. In line with the Navy’s acquisition plan, Raytheon’s Barracuda is on track to achieve initial operational capability and low-rate initial production by 2030.

The Barracuda is the US Navy’s newest program of record for mine neutralization. It stands out as the first untethered and semi-autonomous mine neutralization system capable of tracking and identifying bottom, volume, and near-surface mines, while maintaining a “man-in-the-loop” for the final neutralization decision.

RTX Corporation (NYSE:RTX) is an aerospace and defense company that provides systems and services for commercial, military, and government customers in the US and internationally.

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