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For example, Raytheon reported a record figure of $16.6 billion in orders in the third quarter, helping take its backlog to $60 billion, compared to $52 billion at the end of 2023.
A Wells Fargo analyst recently raised the company's price target for RTX (NYSE: RTX) stock to $151 from a previous target of $140 and maintained an "overweight" rating on the stock.
RTX Corporation, formerly Raytheon Technologies Corporation, [3] [4] is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia.It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization, as well as one of the largest providers of intelligence services.
Raytheon Intelligence, Information, and Services (RIIS or IIS) is a business unit of Raytheon Company headquartered in Dulles, Virginia. [2] IIS specializes in intelligence, surveillance, and reconnaissance , advanced cybersecurity services; weather and environmental services, and information-based services for homeland security .
Raytheon Intelligence & Space is the result of a merger between two former Raytheon Company businesses: Raytheon Intelligence, Information and Services (IIS) and Raytheon Space and Airborne Systems (SAS). The merger was finalized on the day that Raytheon Technologies was formed, on 3 April 2020.
Raytheon Technologies (RTX) closed at $57.46 in the latest trading session, marking a -0.14% move from the prior day.
The Raytheon Company was a major U.S. defense contractor and industrial corporation with manufacturing concentrations in weapons and military and commercial electronics. Founded in 1922, it merged in 2020 with United Technologies Corporation to form Raytheon Technologies, [3] which changed its name to RTX Corporation in July 2023.
In the latest trading session, Raytheon Technologies (RTX) closed at $91.76, marking a -0.86% move from the previous day.