5 Best Aerospace and Defense Stocks to Buy According to Billionaires

4. RTX Corporation (NYSE:RTX)

Number of Billionaire Investors: 23

RTX Corporation (NYSE:RTX) is among the 10 Best Aerospace and Defense Stocks to Buy According to Billionaires. On March 10, the company announced that its Pratt & Whitney business had secured a follow-on contract to provide TJ150 engines for Leidos’ AGM-190A small cruise missiles.

The turbojet engine is used in several missile programs worldwide, with more than 2,700 engines delivered to customers. The TJ150 offers more than 150 pounds of thrust, enabling it to travel at high altitudes and power several autonomous systems and weapons. It is also manufactured in a short duration of time compared to other engines.

In other news, RTX Corporation (NYSE:RTX) continues to remain on analysts’ radar and currently sports a Strong Buy rating. As of the close of business on March 20, the stock has an average share price upside potential of 15%.

Recent updates include Bernstein analyst Adrien Rabier, on March 9, maintaining a Market Perform rating on the stock, according to TipRanks. This is a reaffirmation of the firm’s earlier update on January 29, when it also lifted the price target to $204 from $189, following the company’s strong performance during the fourth quarter of fiscal 2025.

RTX Corporation (NYSE:RTX) is a giant in the global aerospace and defense industry, providing systems and services to commercial, military, and government clients. It operates through three main businesses: Collins Aerospace, Pratt & Whitney, and Raytheon.