RTX Stock Alert: What to Know as Raytheon Nabs $23 Billion Navy Contract

Raytheon Technologies (RTX) has secured a significant $22.9 billion contract from the U.S. Navy to boost Tomahawk cruise missile production to over 1,000 units annually. This long-term deal, combined with strong performance from Pratt & Whitney and Collins Aerospace, positions RTX for continued growth. Analysts maintain a "Moderate Buy" rating, expecting an 18% upside from current levels.