Jim Cramer on RTX: “I Still Like It Here”

RTX Corporation (NYSE:RTX) is among Jim Cramer’s recent stock calls as he urged investors to stand by the defense sector. Cramer was bullish on the stock, as he commented:

The other big name in the missile system is RTX, which is buying some of the most popular missile programs. The Patriot missile is still the gold standard. The SM-3 interceptors, if you have a rocket headed your way, that’s the technology that… You really gotta hope it’s defending you. Now, RTX also makes Tomahawk cruise missiles that our government reportedly is running low on, we had so many of them, after shooting hundreds of them, I think it’s probably more than that, at Iran in the past few weeks. RTX actually had the biggest gains of any prime defense contractor last year. It’s up 58% because the company benefits from both the hot defense market worldwide and an even hotter commercial aerospace market. I still like it here.

Stock market data. Photo by Burak The Weekender on Pexels

RTX Corporation (NYSE:RTX) makes aerospace and defense systems for commercial, military, and government customers. The company builds aircraft engines, avionics, and defense technologies, and also provides maintenance, training, and support services.

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