Aftermarket ServicesRTX's aftermarket services, particularly for Pratt & Whitney and Collins Aerospace components, command higher margins and generate consistent revenue streams, offering significant growth potential.
Defense SpendingRising defence spending globally amid escalating geopolitical tensions could further bolster an already substantial and growing defence backlog, lifting the potential for positive earnings surprises.
EarningsRTX adjusted EPS of $1.54 beat consensus of $1.39, leading to a raised target price to $136.