Analyst Says Rtx (RTX) Among Top Beneficiaries of Increasing Defense Budgets

Rtx Corp (NYSE:RTX) is one of the Top 10 Stocks Wall Street is Buzzing About These Days.

Citi’s Jason Gursky said in a recent program on CNBC that increasing defense budgets in the US and Europe are likely to help several major defense companies, including Rtx Corp (NYSE:RTX).

“It’s hard not to like both defense and aerospace. Heading into earnings next week, we’re particularly constructive on defense names. Rising budgets in the U.S. and Europe are providing strong visibility for these companies.”

Asked which companies stand to benefit the most from Congress’s defense policy bill, the analyst named Rtx Corp (NYSE:RTX) among the companies positioned to benefit “front and center.”

 “Honestly, I think it’s a rising tide for everyone. But if you look at the president’s priorities—air and missile defense, Iron Dome, etc.—the key beneficiaries are the missile makers. RTX and Northrop are front and center.”

Photo by Somchai Kongkamsri from Pexels

ClearBridge Large Cap Value Strategy stated the following regarding RTX Corporation (NYSE:RTX) in its Q1 2025 investor letter:

“In industrials, defense names RTX Corporation (NYSE:RTX) and Northrop Grumman led performance as geopolitical tensions remained elevated. Both companies have moved away from fixed-price contracts, and as those contracts have diminished as parts of their business, should see margin expansion over the next few years. European countries have also pledged to increase their spending on defense, which, given the lack of capacity available for European defense companies, should benefit U.S. defense primes.”

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Disclosure: None. This article is originally published at Insider Monkey.