5 Best Aerospace and Defense Stocks to Buy

In this article, we will take a look at the 5 best aerospace and defense stocks to buy. To read our analysis of the recent trends, and market activity, you can go to the 12 Best Aerospace and Defense Stocks to Buy.

5. Raytheon Technologies Corporation (NYSE:RTX)

Number of Hedge Fund Holders: 48

Arlington, Virginia-based Raytheon Technologies Corporation (NYSE:RTX) is one of the world’s largest aerospace and defense companies with a market capitalization of more than $144 billion and FY 2022 revenue of $67 billion.

Raytheon Technologies Corporation (NYSE:RTX) was formed through an all-stock merger between Raytheon Company and United Technologies Corporation on April 3, 2020. Post-merger, the company has plans to return $33 billion to $35 billion to its shareholders through share repurchases and dividends through the end of 2025, including $3 billion of share repurchases planned in 2023.

Raytheon Technologies Corporation (NYSE:RTX) has paid regular cash dividends on its common stock since 1936. On June 5, the company’s Board of Directors declared a quarterly cash dividend of $0.59 per common share.

Raytheon Technologies Corporation (NYSE:RTX) secured $21 billion in new orders during Q1 2023 which brought its order backlog to $180 billion. The company expects full year revenue of $72 billion to $73 billion.