RTX Corporation (RTX) Is Doing Better With Missiles, Says Jim Cramer

We recently published 12 Stocks Jim Cramer Discussed As He Said “Pilots Are Too Expensive”. RTX Corporation (NYSE:RTX) is one of the stocks Jim Cramer recently discussed.

Defense contractor RTX Corporation (NYSE:RTX)’s shares have gained 34.7% year-to-date. The stock has gained despite a 9.8% dip in April after the firm announced a massive $850 million impact from tariffs. However, since the dip, the shares are up by 37%, with part of the gains attributed to a successful narrative shift by the firm, according to Cramer. The CNBC TV host believes RTX Corporation (NYSE:RTX)’s approach of initially outlining tariff damage and then reducing it, along with describing strategies to weather the storm, has worked well for the firm.  This time, he discussed RTX Corporation (NYSE:RTX), the F-35 stealth fighter aircraft, and missile demand:

“Now you do have this F-35 program, and we can talk about that because we have RTX there. RTX seems to be doing better with that.

“I would disagree there. Why? Because, Chris Calio, who runs RTX, said the Patriot missiles are needed because the Russians are constantly sending missiles.”

Copyright: 36clicks / 123RF Stock Photo

Previously, the CNBC TV host commented on RTX Corporation (NYSE:RTX)’s potential to benefit from European trade negotiations:

“And I think the EU may end up lining up with the President, cause he’s the President and the next thing you know we have a deal and we’re now providing missiles and RTX is a solid buy. And these big tech stocks will not be taxed. . .”

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