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RTX Corporation (NYSE:RTX) is among the 10 Best Military Drone Stocks to Buy Right Now. On April 13, Jefferies analyst Sheila Kahyaoglu trimmed the price target on the stock to $210 from $225, while reiterating a Hold rating.
According to TipRanks, the firm said it had revised estimates for the companies in the aerospace and defense sector as part of its first-quarter earnings review.
As of the close of business on April 16, the stock is a Moderate Buy with an average share price upside potential of 15%.
In other news, RTX Corporation (NYSE:RTX) on Monday said it had successfully tested a mid-wave infrared (MWIR) camera that captures rapid motion pictures in real time while reducing processing and power demands. The capability is expected to improve battlefield awareness and offer better drone and aircraft surveillance.
The company is also a major player in counter-drone technology. Bloomberg reported this week that the American military was looking to sign a long-term deal with RTX for Coyote drone interceptors in its quest to ensure a steady supply, given the ongoing geopolitical conflicts.
RTX Corporation (NYSE:RTX) is a giant in the global aerospace and defense industry, providing systems and services to commercial, military, and government clients. It operates through three main businesses: Collins Aerospace, Pratt & Whitney, and Raytheon.
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