Melius upgraded RTX Corp. from Hold to Buy, citing strong growth prospects driven by rising defense demand, including replacement of military equipment like missiles and aircraft. The firm expects high-single-digit core sales growth in defense through 2028, surpassing consensus estimates, supported by multi-year production programs and accelerating B-21 bomber production. Substantial order backlogs and potential margin expansion from new contracts also bolster the outlook, with annual sales growth possibly exceeding 10% in coming years. This upgrade reflects confidence in sustained defense sector growth into the 2030s.
Raytheon successfully demonstrated its Next Generation Short Range Interceptor (NGSRI), designed to replace the Stinger missile for the U.S. Army. The demo showed the missile's improved range, precision, and lethality, using advanced optics and a new...
Pratt & Whitney has enhanced its engine inspection process by acquiring Amsterdam-based Aiir Innovations and integrating its AI-assisted borescope software. This technology improves the consistency and efficiency of inspections for commercial, civil,...
