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RTX Corporation Surges to 100th in Trading Volume with $909 Million Turnover

Market BriefThursday, May 15, 2025 7:32 pm ET

1min read

On May 15, 2025, RTX Corporation (RTX) saw a significant increase in trading volume, with a turnover of $909 million, marking a 43.68% rise from the previous day. This surge placed RTX at the 100th position in terms of trading volume for the day. The stock price of RTX also experienced a notable increase, rising by 3.62% over the past six days, with a cumulative gain of 6.29%.

Benchmark analysts recently upgraded RTX Corporation's stock rating from Hold to Buy, setting a new price target of $140.00. This upgrade reflects a positive outlook on the company's future performance and potential for growth. The new price target represents a significant increase from the previous valuation, indicating strong confidence in RTX's prospects.

RTX Corporation's subsidiary, Raytheon, secured a $2.13 billion contract modification for the Standard Missile-3 (SM-3) Block missile. This contract underscores RTX's strong position in the defense sector and its ability to secure large-scale government contracts, which can drive revenue growth and enhance shareholder value.

Additionally, Raytheon was awarded a $580.59 million contract by the U.S. Navy for the production of the Next-Gen Jammer Mid-Band. This contract, which includes delivery by 2028, further solidifies RTX's presence in the defense industry and highlights its capability to deliver advanced technological solutions to the military.

RTX is also making significant strides in the development of hydrogen-powered aviation technology. The company's Pratt & Whitney division successfully conducted tests on the Hydrogen Steam Injected, Intercooled Turbine Engine (HySIITE) program, demonstrating the feasibility of using hydrogen as a clean and efficient fuel source for aviation. The HySIITE program, sponsored by the U.S. Department of Energy, showed that hydrogen can be burned safely and robustly, with a 99.3% reduction in NOx emissions compared to traditional engines. This breakthrough positions RTX at the forefront of sustainable aviation technology, potentially opening new revenue streams and enhancing its competitive edge in the market.

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