RTX Corporation (RTX)

Executive Summary

RTX Corporation at $177.01 per share is, in our view at T&T Capital Management, the most strategically advantaged aerospace-and-defense prime contractor in U.S. equities. The franchise operates the only major U.S. defense prime with deep commercial-aerospace exposure — a counter-cyclical mix that no pure-defense peer (LMT, GD, NOC) can match. Pratt & Whitney operates the F135 engine for the F-35 fighter, the largest single defense aerospace program in U.S. history, plus the Geared Turbofan (GTF / PW1100G) commercial-aerospace platform with an installed base of approximately 2,700 aircraft and a backlog of approximately 8,000 engines. Collins Aerospace is the largest commercial avionics and aerostructures supplier globally. Raytheon (the defense-electronics arm) operates the largest U.S.

What’s Inside The Full Report

• 15-year financial summary table — revenue, net income, GAAP & adjusted EPS
• Valuation framework — current multiples vs. 5-year historical range
• Peer comparison table — multiples, margins, balance-sheet metrics
• Base case, bull case, bear case price targets with explicit math
• Competitive position and economic moat analysis
• Management and capital allocation track record
• Balance sheet review — leverage, credit ratings, distribution coverage
• Insider activity — recent open-market buys / sells with interpretation
• Strategic acquisitions and divestitures history
• Sell-side consensus and where TTCM differs
• Detailed risk factors specific to the name
• Bull case and forward catalysts to watch
• TTCM rating with explicit ADD / TRIM price triggers