With 95 hedge fund holders as of Q1 2026, RTX Corporation (NYSE:RTX) is among the Top 10 Stocks That Members of Congress Own.
On May 26, Raytheon, a subsidiary of RTX Corporation (NYSE:RTX), was awarded a firm-fixed-price contract valued at approximately $1.02 billion for the procurement of National Advanced Surface-to-Air Missile System fire units. The contract was awarded following a solicitation process conducted online, which received a single bid. Work will be carried out in Tewksbury, Massachusetts, with performance expected to continue through May 26, 2031, underscoring the long-term nature of the program and its strategic importance to air defense capabilities.
On May 18, RTX Corporation (NYSE:RTX) secured a contract from the Office of Naval Research to advance the development of sophisticated radar software for next-generation naval radar systems. Through this initiative, the company’s Advanced Technology team will create software enabling individual radar building blocks to operate independently, allowing a single radar platform to execute multiple missions simultaneously. The technology is designed to improve operational flexibility, facilitate spectrum sharing with commercial networks such as 5G, and enhance mission effectiveness. Following development, Raytheon will conduct a series of demonstrations to validate capabilities, including independent radar module control, multi-mission functionality, and spectrum-sharing performance, before transitioning the technology into operational naval systems.
RTX Corporation (NYSE:RTX) was originally founded as the American Appliance Company in 1922 and is headquartered in Arlington, Virginia. It is an American multinational aerospace and defense conglomerate that designs, manufactures, and services advanced systems for commercial airlines, militaries, and governments worldwide.
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