2.6% Dividend Yield should grow with earnings.Increased military spending by the US and NATO allies, driven by geopolitical tensions, is expected to fuel sustained growth in RTX’s defense segment.As commercial aviation recovers and aircraft average age ticks up, RTX stands to benefit from both new equipment and overhaul services.$5.5 billion in free cash flow generated in 2023 and an estimated 16.7% CAGR in free cash flow to 2025 provide a solid foundation for returns and expansion.A 12% year-over-year growth in backlog, now at $196 billion, and a book-to-bill ratio of 1.28x for 2023 indicate strong future revenue potential across all segments.Investment Thesis $Raytheon Technologies Corporation(RTX)$ , is an American defense contractor and aviatio