Raytheon, an RTX business, secured a $20.7 billion multi-year contract to accelerate production of its AMRAAM missiles, supporting at least 1,900 units annually. This contract is part of the U.S. Department of War's Arsenal of Freedom initiative, reflecting strong demand from the U.S. Air Force, Navy, and international partners. The AMRAAM missile, now in its fifth generation and used by 44 countries, is a key air-to-air and air defense weapon with advanced technology for contested environments. Raytheon is investing heavily in workforce, technology, and supply chain to meet this surge in production and maintain its leadership in missile defense.
Raytheon Technologies Corp (RTX) shares are trading at USD 187.53 as of Sep 29, 2026 04:02 WIB on Pluang. The stock has seen a 0.99% decline in the past day. Despite the recent contract news, the market shows a majority sell sentiment with 73% of orders being sell and 27% buy on Pluang.
RTX Corporation is rated a Buy with a 2-year price target of $222.50, driven by its $289 billion backlog and improving operating margins at Raytheon and Collins. The company projects 2026 sales of $95–96 billion and adjusted EPS of $7.10–7.25, with f...
Rising geopolitical tensions, particularly between Iran and the U.S. and ongoing Russia-Ukraine conflict, are driving increased defense budgets and inflation linked to energy markets. Major defense contractors like Lockheed Martin, Northrop Grumman, ...
