Is RTX Corporation (RTX) One of the Best Industrial Stocks to Buy?

RTX Corporation (NYSE:RTX) is one of the best industrial stocks to buy. On November 18, BNP Paribas Exane began coverage of RTX Corporation with an Outperform rating and a price target of $210, according to a report by the Fly.

Separately, a Reuters report dated November 21 indicates that Raytheon-Rafael Protection Systems, a joint venture of RTX, has made a $1.25 billion deal with Israel to provide surface-to-air missiles. The contract involves missiles, missile kits, and testing gear for Israel’s Iron Dome defense system.

Is RTX Corporation (RTX) One of the Best Industrial Stocks to Buy?

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$33 million has been invested to build a new site located in East Camden, Arkansas, to manufacture these missiles for Iron Dome and its US version, SkyHunter. In the month prior to this announcement, RTX boosted its yearly profit and revenue outlook, driven by the growing demand for its missiles and related services amid the rising global tensions.

RTX Corporation (NYSE:RTX) is a Virginia-based aerospace and defense company that caters to commercial airlines, militaries, and government clients worldwide. The company specializes in aviation systems, training technology, building and maintaining aircraft engines, and defense systems that help detect, track, and counter threats.

While we acknowledge the risk and potential of RTX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RTX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure. None.