RTX Corporation (RTX)’s Recent JV Contract Supports Positive Outlook

RTX Corporation (NYSE:RTX) is among the 10 Best Drone Stocks to Buy Right Now. On November 21, the company announced that its joint venture with RAFAEL Advanced Defense Systems, Raytheon-Rafael Protection Systems (R2S), had received a $1.25 billion contract to provide Tamir surface-to-air missiles to Israel.

RTX Corporation (RTX)'s Joint Venture Awarded $1.25 Billion Contract to Supply Israel with Tamir Missiles

The deal will also include kits and testing equipment for the Iron Dome. In the press release, the defense contractor stated that the R2S established a new facility earlier in the month in East Camden, Arkansas, to increase the production of missiles for Israel’s Iron Dome Weapon System and the United States Marine Corps’ SkyHunter air defense system.

Jonathan Casey, the CEO at R2S, welcomed the venture’s first production contract. He was quoted as saying the following:

“This is the first production contract for the R2S joint venture and a major milestone for both Raytheon and Rafael. The new Camden site is the first all-up-round production facility in the U.S. to manufacture Tamir and SkyHunter missiles.”

In October, RTX Corporation (NYSE:RTX) reported strong third-quarter 2025 results, beating estimates for both revenue and earnings. The company also raised its full-year revenue and profit guidance, citing growing demand for its missiles and aftermarket services.

Several analysts lifted their price targets for the company following the earnings call. As of the close of business on November 26, over 60% of Wall Street analysts with recommendations on RTX have a Buy or higher rating on the stock, with a one-year share price target of $193.79, representing an upside potential of 11.89%.

RTX Corporation (NYSE:RTX) is a giant in the global aerospace and defense industry, providing systems and services to commercial, military, and government clients. It operates through three main businesses: Collins Aerospace, Pratt & Whitney, and Raytheon.

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.

READ NEXT: 8 Best Small-Cap Defense Stocks to Buy Right Now and 13 Most Undervalued Stocks Under $20.

Disclosure: None.