RTX Shares Approach 52-Week Peak as Missile Demand Sets Cash-Conversion Challenge

RTX Corporation (NYSE:RTX) shares are near their 52-week peak, driven by strong missile demand and a significant backlog, though its free cash flow yield lags competitors. The company's recent Q2 results showed robust growth in revenue and earnings, with its Raytheon division benefiting significantly from increased weapons demand. Analysts maintain a positive outlook, emphasizing that future stock performance hinges on efficient production and cash conversion rather than just securing new orders.