The task order is for the Hypersonic Attack Cruise Missile (HACM) for the US Air Force, where Raytheon would be tasked with weapon system design and development. Meanwhile, the initial delivery will depend on model-based critical design review, qualification, integration, manufacturing, and testing performance. Furthermore, the HACM uses air-breathing propulsion to reach five times the speed of sound and will be the second hypersonic missile for the US Air Force, following the Lockheed one contracted a few months ago.
RTX chart and analysis
RTX is part of the Aerospace & Defense industry, with 73 other stocks in this industry outperforming 64% of them. Over the last month, the stock traded in a wide range from $83.20 to $96.83, staying below all moving averages. Technical analysis indicates a support line at $83.44 and a resistance zone from $87.69 to $88.04. TipRanks analysts rate the shares a ‘strong buy,’ with the average price in the next 12 months reaching $112.00, 34.21% higher than the current trading price of $83.45. Notably, out of 8 Wall Street analysts covering the stock, 7 have a buy rating while only one has a hold rating. Raytheon will perform the work for the US Department of Defense until March 2027, possibly delivering working prototypes during this period. Finally, escalating geopolitical tensions might be setting the stage for a boom in the military business as an arms race could occur in different parts of the world. Buy stocks now with Interactive Brokers – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
