“Is RTX a Safe Dividend Stock to Buy?”
Reiterate buy rating on RTX with low conviction; strong order growth is offset by poor profitability metrics and expensive valuation.
Raytheon informed investors of a surge in orders for its products, especially from international customers. Raytheon secured nearly $20 billion in awards during its most recently completed quarter with international demand remaining exceeding $10 billion for the first half of the year, more than doubling from the same time last year.