15 Best Stocks to Invest in for an 18 Year Old

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8. RTX Corporation (NYSE:RTX)

Number of Hedge Fund Holder: 79

RTX Corporation (NYSE:RTX) is one of the 15 best stocks to invest in for an 18 year old. On June 9, Collins Aerospace, a division of RTX Corporation (NYSE:RTX), announced that it was extending its capabilities for electrifying aircraft by establishing a new production line for electric thrust reverser actuation systems (elecTRAS) in Colomiers, France, alongside a new technical center of excellence in Wolverhampton, UK.

With complex design and testing capabilities, the Wolverhampton center focuses on manufacturing next-generation electric thrust reverser actuation systems for commercial aircraft. Further, the Colomiers facility will manage the final assembly of these electric systems, thus raising production capacity and efficiency.

By using elecTRAS instead of conventional hydraulic-powered thrust reverser actuation systems, Collins may build nacelle systems that are lighter by 15-20% and easier for customers to install and maintain. As a result, operational performance and fuel efficiency are enhanced. Collins’ most recent generation elecTRAS had accumulated almost 11 million flight hours, with over 600 Airbus A350XWB aircraft in operation and manufacture continuing into the decade to come.

Leading aerospace and defense firm RTX Corporation (NYSE:RTX) offers products and services to commercial, military, and governmental customers worldwide.

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