One of the major deals covers the delivery of SPY-6 family radars, valued at up to 536M$. While these advanced radars are currently deployed on just two new US Navy vessels—with three more installations scheduled—RTX projects that up to 60 ships will be equipped by the end of 2026, reflecting a major scale-up in naval technology integration.
A second project involves manufacturing and supplying AIM-9X Block II short-range missiles, with a total contract value potentially reaching 1.1B$. Both contracts are funded through the newly adopted defense budget, signed by President Donald Trump, which is set to rise to 892.6B$ in 2026, reinforcing the government’s commitment to defense modernization.
Financial Performance
According to RTX’s Q1 financial statement, revenue climbed from 19.31B$ to 20.3B$, while earnings per share (EPS) increased from 1.34$ to 1.47$. Shareholders will receive a dividend of 0.68$ per share on June 12, representing a yield of 2.03%—nearly double the sector average of 1.12%. This strong financial showing underpins RTX’s status as one of the top dividend stocks in the US defense sector.
Support and Resistance Levels
On the daily chart, RTX stock is trading just below the ascending channel’s dynamic support boundaries at 141.00–121.00. Technical indicators signal a bullish bias: the Alligator indicator shows widening oscillations, fast EMAs are above the signal line, and the Awesome Oscillator (AO) histogram is posting bullish bars near the transition zone.
- Resistance: 141.00, 148.00
- Support: 135.50, 126.00
Trading Scenarios
Primary Scenario (Long Position)
- Recommendation: BUY STOP
- Entry Point: 141.05
- Take Profit: 148.00
- Stop Loss: 138.00
- Implementation Timeframe: 7 days or longer
Alternative Scenario (Short Position)
- Recommendation: SELL STOP
- Entry Point: 135.45
- Take Profit: 126.00
- Stop Loss: 138.00
Key Price Levels
- 126.00
- 135.50
- 141.00
- 148.00
Market Outlook and Analytical Commentary
RTX Corp.’s new contracts with the US Navy for advanced SPY-6 radar systems and AIM-9X Block II missiles significantly strengthen its backlog, supporting medium-term stock growth. The increase in US defense spending—nearing 900B$ by 2026—provides further tailwinds for Raytheon’s share price and sector peers. The current uptrend is supported by robust financial metrics, high dividend yield, and bullish technical indicators. Investors should closely monitor price action around the 141.00 resistance: a breakout may trigger a new rally, while failure to hold above 135.50 could invite selling pressure.
For portfolio managers seeking exposure to the US defense sector, RTX Corp. stands out as a core holding, given its consistent contract wins, stable dividends, and market leadership in military technology.