Is RTX Corporation (RTX) the Best Aerospace and Defense Stock to Buy Right Now?

Insider Monkey12-17

We recently compiled a list of the 11 Best Aerospace and Defense Stocks to Buy Right Now. In this article, we are going to take a look at where RTX Corporation (NYSE:RTX) stands against the other best...

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In this article, we are going to take a look at where RTX Corporation (NYSE:RTX) stands against the other best...</p>\n\n<a href=\"https://finance.yahoo.com/news/rtx-corporation-rtx-best-aerospace-192553888.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1162221912.USD","symbol_name":"FRANKLIN INCOME \"A\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/rtx-corporation-rtx-best-aerospace-192553888.html","article_id":"2492641858","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/R9YsJ7jNC2sY4Sr6nCn8.Q--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/d601ee25517c9a6a392a3b88e995a642"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492641858","pubTimestamp":1734377153,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled a list of the 11 Best Aerospace and Defense Stocks to Buy Right Now. In this article, we are going to take a look at where RTX Corporation  stands against the other best aerospace and defense stocks to buy.How Did The Aerospace And Defense Sector Perform in Q3 2024?According to a report by Dinan Capital Advisors, the aerospace and defense industry's EBITDA multiples increased by around 8% on average during the third quarter of 2024. Within the industry, the Maintenance, Repair, and Overhaul  segment stood out with the highest EBITDA multiple of more than 19%. The robust performance in the sector was driven by increased government spending, AI defense implementation, and increased global travel. As per the report, the global market size of the aerospace and defense sector is estimated to grow from $1 trillion to around $1.5 trillion during the next decade.While Reiss expects the United States' defense spending to increase, he also noted that a third of the NATO coun","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1929549753.HKD":"FRANKLIN INCOME \"A\" (HKD) INC","BK4187":"航天航空与国防","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0256331488.USD":"SCHRODER ISF GLOBAL ENERGY \"A\" ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","BK4585":"ETF&股票定投概念","BK4213":"石油与天然气的勘探与生产","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","BK4550":"红杉资本持仓","RTX":"雷神技术公司","BK4588":"碎股","BK4566":"资本集团","MRO":"马拉松石油"},"translate_title":"RTX Corporation(RTX)是目前最值得购买的航空航天和国防股票吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RTX":1,"MRO":1},"content_text":"We recently compiled a list of the 11 Best Aerospace and Defense Stocks to Buy Right Now. In this article, we are going to take a look at where RTX Corporation (NYSE:RTX) stands against the other best aerospace and defense stocks to buy.\nHow Did The Aerospace And Defense Sector Perform in Q3 2024?\nAccording to a report by Dinan Capital Advisors, the aerospace and defense industry's EBITDA multiples increased by around 8% on average during the third quarter of 2024. Within the industry, the Maintenance, Repair, and Overhaul (MRO) segment stood out with the highest EBITDA multiple of more than 19%. The robust performance in the sector was driven by increased government spending, AI defense implementation, and increased global travel. As per the report, the global market size of the aerospace and defense sector is estimated to grow from $1 trillion to around $1.5 trillion during the next decade.\nThere are various factors contributing to growth within the industry. Firstly, the defense sector is experiencing significant expansion due to the ongoing conflicts in the Middle East and Ukraine. This rising defense demand resulted in a record defense order backlog of $747 billion, indicating an 11% increase year-over-year. Moreover, the Senate Armed Services Committee has projected that Congress will finalize the FY25 US defense budget at approximately $833 billion, exceeding last year's spending limits.\nIn addition to increased defense spending, which is one segment of the overall aerospace and defense industry, international air traveling is also improving. According to a report by FlightGlobal, the global passenger traffic grew by 7.4% subsequently during the third quarter. Although the profitability of the global airline industry is still down by around $1.7 billion year-over-year, the subsequent growth in passengers indicates an ongoing recovery.\nREAD ALSO: 10 Best Small-Cap Stocks Ready To Explode and 10 Cheap NASDAQ Stocks To Invest In Now.\nMitchell Reiss, American diplomat and distinguished fellow at the Royal United Services Institute appeared on a CNBC interview on November 7 to discuss how the defense sector will perform under President-elect Donald Trump. He said that the United States government is expected to increase its defense spending under President Donald Trump. Currently, defense spending is at its lowest level since 1998 and the geopolitical situation is more dangerous than the said year. Reiss thinks that the president will double down on some of the initiatives from his first term. Trump sees China as a United States adversary and he sees Israel and Saudi Arabia as stabilizing forces in the Middle East and will want to build upon the Abraham Accords. He also thinks that the president will call upon its European allies to increase defense spending.\nWhile Reiss expects the United States' defense spending to increase, he also noted that a third of the NATO countries are still not hitting the 2% mark in terms of their defense spending. Considering the geopolitical tensions between Russia and Ukraine, European countries would also naturally pivot towards increasing their defense spending. Reiss believes that if someone is interested in defense stocks there is a lot of growth potential within the industry.\n An aerial view of a commercial jetliner in flight, its airframe glinting in the sun. \nOur Methodology\nTo curate the list of the 11 best aerospace and defense stocks to buy right now, we used the Finviz stock screener. Using the screener we aggregated a list of companies working in the aerospace and defense industry and sorted them by market capitalization. Next, we sourced the number of hedge funds holding each company from Insider Monkey’s Q3 2024 database. The list is ranked in ascending order of the number of hedge funds.\nWhy do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\nRTX Corporation (NYSE:RTX)\nNumber of Hedge Fund Holders: 72\nRTX Corporation (NYSE:RTX) is a specialized aerospace and defense company that provides advanced technology and services to commercial airlines, military forces, and government agencies around the world. It operates through three main segments, including Collins Aerospace, concerned with creating high-tech systems and services for aircraft, Pratt & Whitney, which specializes in designing and manufacturing aircraft engines, and Raytheon which develops systems for detecting and responding to threats, including missiles and air defense systems.\nRTX Corporation (NYSE:RTX) has been doing well during the year, thanks to CEO Chris Calio for delivering on the commitments he made to investors upon appointment back in May. Calio had laid out recommendations for each of the three segments and fast-forwarding to third-quarter results progress concerning his commitments remains robust.\nFor Pratt & Whitney, the management was supposed to execute a geared turbofan (GTF) fleet management plan, the progress of which remains on track as engines are being removed and inspections are ongoing. The CEO had also indicated his commitment to improving the defense business (Raytheon) and the segment reported a record $16.6 billion in orders during the third quarter of fiscal 2024. The total backlog of the company now stands at $60 billion, considerably improved from the previous year.\nOverall, RTX ranks 2nd on our list of best aerospace and defense stocks to buy right now. While we acknowledge the potential of RTX to grow, our conviction lies in the belief that 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 but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.\nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492641858"}