RTX Corporation (RTX): A Bull Case Theory 

We came across a bullish thesis on RTX Corporation on Arya’s Substack by Arya. In this article, we will summarize the bulls’ thesis on RTX. RTX Corporation’s share was trading at $199.88 as of January 29th. RTX’s trailing and forward P/E were 40.21 and 30.03 respectively according to Yahoo Finance.

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. RTX is uniquely positioned at the center of the Golden Dome missile defense concept because many of the system’s foundational elements already run directly through its Raytheon business.

Iron Dome itself is tied to Raytheon, and the broader architecture of layered missile defense—Patriot interceptor batteries, advanced phased-array radars, guidance seekers, interceptor missiles, and the battle management software that coordinates engagements—aligns squarely with RTX’s existing product portfolio.

These capabilities allow RTX to operate across both the sensing and kinetic layers of missile defense, enabling the detection, tracking, discrimination, and destruction of threats ranging from aircraft and cruise missiles to ballistic missiles and drones. This dual-layer exposure places RTX exactly where Golden Dome spending is most likely to concentrate as the concept evolves from vision to execution.

From an operational and industrial standpoint, RTX’s advantage is rooted less in experimental technology and more in scale, reliability, and repeatability. Patriot interceptors, radar arrays, launchers, and command-and-control systems can be manufactured, deployed, sustained, and replenished at volume, allowing the Department of Defense to expand capacity incrementally while maintaining near-term readiness.

This contrasts sharply with more speculative space-based interceptor concepts that would require long development cycles, higher technical risk, and significant upfront capital before delivering operational value. As Golden Dome potentially shifts toward a pragmatic, layered homeland defense model emphasizing proven ground- and sea-based systems, RTX’s portfolio becomes increasingly central to execution.

Importantly, these systems are not static. RTX’s platforms are designed for continuous upgrades, software integration, and interoperability across multiple defense layers, reinforcing long-term demand through modernization cycles rather than one-off procurement. As the Pentagon prioritizes defenses that can be fielded immediately, scaled efficiently, and integrated seamlessly, RTX stands to benefit disproportionately, positioning the company as a core enabler of any realistic Golden Dome architecture and a primary recipient of sustained missile defense investment over time.

Previously we covered a bullish thesis on RTX Corporation by Stock Picker’s Corner in January 2025, which highlighted advanced radar systems, drone defense, and hypersonic missile threats driving defense demand. The company’s stock price has appreciated approximately by 72.50% since our coverage. This is because the thesis played out. The thesis still stands as global security risks persist. Arya shares a similar but emphasizes on Golden Dome scalability.

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Disclosure: None.