Raytheon Stock (RTX:NYE) Analysis:
Last Closing Price: $96.90
Consensus Analyst Rating: Buy
12-Month Price Target: $103.42
Market CAP: $143.29
Raytheon Stock-Market News:
Raytheon (RTX:NYE) has been granted a $397.68M firm-fixed-price modification to an existing contract to exercise options for FY23 guided missile assemblies, shipping containers, and spare components in support of the FY21-FY23 Evolved Seasparrow Missile Block 2 full-rate manufacturing requirements.
The planned completion date is March 2027.
FY23 Other Customer Funds in the amount of $214.45M; FY23 Weapon Procurement Funds in the amount of $163.32M; FY20 Other Customer Funds in the amount of $8.75M; FY21 Other Customer Funds in the amount of $7.23M; FY19 Other Customer Funds in the amount of $1.31M; FY22 Other Customer Funds in the amount of $1.25M; FY22 Weapons Procurement Funds in the amount of $824.92M.
The Naval Sea Systems Command is in charge of procurement.
Raytheon Stock-Analyst Ratings:
Morgan Stanley maintains the “Overweight” rating with Raytheon stock price target of $119.
Robert W Baird maintains the “Outperform” rating with Raytheon stock price target of $106.
RBC Royal Bank maintains the “Outperform” rating with Raytheon stock price target of $102.
About Raytheon Technologies:
Raytheon Technologies Corporation, an aerospace and defense company, provides systems and services for commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense.
The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations.
The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers; and produces, sells, and services military and commercial auxiliary power units.
The Raytheon Intelligence & Space segment develops and provides integrated space, communication, and sensor systems for missions, training, and cyber and software solutions to intelligence, defense, federal, and commercial customers.
The Raytheon Missiles & Defense segment designs, develops, produces, and sustains integrated air and missile defense systems; defensive and combat solutions; land- and sea-based radars; command, control, communications, and intelligence solutions; and naval and undersea sensor solutions for the U.S. and foreign government customers.
The company is headquartered in Waltham, Massachusetts.