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[mp2019]

I'm Still Convinced RTX Is One Of The Best Dividend Stocks On The Market


RTX Corp. (formerly Raytheon Technologies) has seen a big increase in its stock price and has become a core holding in family portfolios.
The company reported strong quarterly earnings, with organic sales growth of 12% and a record backlog of more than $200 billion.
RTX benefits from government contracts and is investing in R&D to stay competitive, with a focus on next-generation technologies and products.



While I'm writing this, the company, formerly known as Raytheon Technologies, is my fifth-largest dividend (growth) investment and one of the most important holdings across all family portfolios.
Although I have been a buyer since the end of the pandemic, I started to become a very aggressive buyer last year when RTX was hit with issues related to its GTF engine.

We were buying so aggressively that RTX has become a core holding of all family portfolios.

It's time to do one of my favorite things - discuss RTX Corporation (NYSE:RTX).

While I'm writing this, the company, formerly known as Raytheon Technologies, is my fifth-largest dividend (growth) investment and one of the most important holdings across all family portfolios.


In a turbulent market, I doubled down on Raytheon Technologies, and here's why: While the company faced significant setbacks with its GTF engines, I firmly believe that it remains a compelling long-term investment.

RTX's combination of top-tier defense and commercial capabilities sets the stage for robust free cash flow growth, supporting dividends and innovation.

Since then, shares have returned 41%, beating the S&P 500's impressive 16% return by a huge margin.


Now, as shares are back at their all-time high, I'm reiterating my bullish view, backed by the just-released quarterly earnings, which showed strength across the board.

So, let's get to it!
I'm Not Biased. I'm Just Impressed

I sometimes joke that I've become the biggest cheerleader for RTX and some of its peers.

Normally, that's a huge red flag. After all, it could indicate a strong bias.

However, to me, it has the opposite effect. As I wrote in a recent article, I hold a very concentrated portfolio as I want to have significant investments in my favorite companies.

Whenever my financial fate depends on a company, I need to be on top of things. There's no room for error.

On the contrary, the company keeps confirming the bull case.
When Everything Seems To Go Right

I don't like to overuse the word "blowout," but it certainly applies here.

In the first quarter of this year, RTX saw organic sales growth of 12%, while segment operating profit rose 10%.

Even better:

The company achieved a record backlog of more than $200 billion. $77 billion of this backlog consists of defense orders.
The company received $25 billion worth of new orders, which translates to a book-to-bill ratio of 1.34x. This indicates $1.34 in new orders for every $1.00 in finished work. This is highly supportive of longer-term revenue growth.


Adding to that, commercial OE grew by 33%, driven by strong demand for new aircraft, while commercial aftermarket increased by 11%, which reflected continued growth in domestic and international revenue passenger kilometers (RPKs). Or, to put it differently, the post-pandemic surge in aerospace demand continues with strong momentum.

In the Collins Aerospace segment, organic sales were up 9%, supported by 14% commercial aftermarket growth, 14% commercial OE growth, and 1% growth in defense.
Image


Pratt & Whitney saw even stronger organic sales growth of 23%, supported by 64% growth in commercial OE, 21% growth in defense, and 9% growth in commercial aftermarket.

This segment benefited from a wide range of tailwinds, including a favorable product mix, higher aftermarket demand, and strong defense orders.
Image


Digging a bit deeper, what caught my interest is the fact that RTX noted positive developments with regard to the defense budget. The fiscal year 2024 budget is $886 billion.
,,,,
This bill saw an increase of 3%, according to Reuters. As weird as it may sound, the $886 billion budget was lower than some expected,,,,,,


https://seekingalpha.com/article/4685389-even-with-big-gains…

[mp2019]

RTX mit bester Auftragslage aller Zeiten

Der Verteidigungs-, Luft- und Raumfahrtkonzern RTX meldet heute Zahlen, die deutlich über den Erwartungen liegen.

https://stock3.com/news/rtx-mit-bester-auftragslage-aller-ze…

Beim Ergebnis pro Aktie hat RTX 1,34 USD (erwartet: 1,23 USD) erreicht. Der Umsatz lag mit 19,31 Mrd. USD (erwartet: 18,43 Mrd. USD) ebenfalls deutlich höher als gedacht. Der Gesamtjahresausblick mit einem Umsatz zwischen 78 und 79 Mrd. USD und einem Ergebnis zwischen 5,25 und 5,40 USD wurde derweil nur bestätigt. Die RTX-Aktie notiert nahezu unverändert.
Ergebnis und Umsatz wachsen deutlich

Während RTX beim Umsatz um 12 % gegenüber dem Vorjahr zulegen konnte, waren es beim GAAP-EPS sogar satte 32 %. Hier spielt aber auch ein Sondereffekt noch positiv mit in die Karten. Operativ legte das Ergebnis um 10 % zu.

Das Orderbuch liegt derzeit

„Wir operieren in einer der stärksten Nachfragemärkte in unserer Historie, mit einem Rekordauftragsbestand von 202 Mrd. USD. RTX hat im ersten Quartal ein starkes Momentum verzeichnet und konnte über 25 Mrd. USD an Neuaufträgen gewinnen. Unser Fokus liegt auf der Ausführung und unserer Performance, und die Margenausweitung wird von unserem ‚CORE operating system‘ unterstützt.“, so COO Chris Calio.

Natürlich stützt auch die Nachfrage aus der Ukraine. So hat RTX von Deutschland Aufträge für Patriot-Abwehrsysteme bekommen und zahlreiche Raketenaufträge von verschiedenen NATO-Staaten erhalten.

Im zivilen Bereich hat RTX derweil einige Baustellen. Collins Aerospace und Pratt & Whitney mussten trotz Umsatzzuwachs Gewinnrückgänge hinnehmen. Raytheons Militärtechnik hingegen legte auf allen Ebenen massiv zu.

Fazit: RTX bleibt voll auf Kurs. Unsere positive Besprechung aus den letzten Artikeln hat sich in einem deutlich gestiegenen Aktienkurs niedergeschlagen. Nunmehr erscheint die Bewertung meiner Einschätzung nach eher ausgereizt zu sein, und Anleger warten auf bessere Gelegenheiten, um bei der RTX-Aktie zuzuschlagen. Eine Korrektur zwischen 10 und 20 % wäre wünschenswert.bei unglaublichen 202 Mrd. USD. Davon stammen 125 Mrd. USD aus der kommerziellen Luftfahrt und 77 Mrd. USD aus dem Bereich Verteidigung

[GreenLantern1]

Hätte hier nicht verkaufen sollen, RTX produziert u.a. die Iron Dome Raketen.

[mp2019]

he US and Its Allies Face a $10 Trillion Reckoning in the Race to Rearm

Leaders are just starting to come to terms with the vast increase in defense spending required to counterbalance the militaries of Russia and China.

https://www.bloomberg.com/news/articles/2024-04-09/russia-ch…

[mp2019]

RTX's Pratt & Whitney business completes key design review on Next-Generation Adaptive Propulsion offering

EAST HARTFORD, Conn., Feb. 12, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, has completed a critical assessment of its Next-Generation Adaptive Propulsion (NGAP) offering with the U.S. Air Force, moving the program closer to completing its detailed design review. The team is now working towards ground testing of its NGAP prototype, referred to as XA103, which is expected to occur in the late 2020s.

"We are embracing digital transformation with NGAP and changing the customer experience through the entire development process in order to rapidly and efficiently deliver these advanced adaptive engines," said Jill Albertelli, president of Pratt & Whitney's Military Engines business. "This technology is critical to maintaining air superiority, which is why Pratt & Whitney has made significant investments in research and development and advanced manufacturing. Continued government funding for sixth-generation propulsion development must remain a high priority to support critical platform milestones and warfighter readiness."

The engine will enhance performance that is key to enabling future air dominance capabilities, which are needed to ensure the U.S. Air Force achieves air superiority and deters pacing challenges.

NGAP technologies will provide advanced survivability, fuel efficiency, and robust power and thermal management. These are necessary to enable the required range, weapon and sensor capability, and persistence future air dominance platforms will require to meet evolving operational needs.

https://www.rtx.com/news/news-center/2024/02/12/rtxs-pratt-w…

[foret]

Antwort auf Beitrag Nr.: 75.396.179 von mp2019 am 05.03.24 12:00:39

Wenn die Kurse der großen US Rüstungskonzerne in diesem Wahljahr leiden , bietet das m. E. gute ( Wieder )einstiegschancen ! Die meisten europäischen Werte laufen auf eine hypeartige Überbewertung zu , die bei einer weiteren Verschärfung der Konfrontation in sich zusammenbrechen wird . Egal , mit welcher Regierung , ohne die US Defence- Kapazitäten können die Behauptungsstrategienziele in Osteuropa nicht erreicht werden .

[mp2019]

US political ‘chaos’ shuts Pentagon contractors out of military stocks boom
American defence companies underperform European peers despite soaring demand as budget deadline looms

US defence contractors are missing out on a global military boom that has boosted their European counterparts’ share prices as legislative deadlock in Washington creates government spending uncertainty.

Shares in the biggest military contractors to the Pentagon have shed most of their gains after Russia’s full-scale invasion of Ukraine two years ago. Lockheed Martin has lost 10 per cent in the past year and RTX, formerly known as Raytheon, has declined by 9 per cent.

By contrast, shares in Leonardo of Italy have jumped 91 per cent, while those of Germany’s Rheinmetall have rallied 78 per cent.

The underperformance of the US groups’ stocks comes as spending at the Pentagon, as well as the rest of the US government, is frozen at last year’s levels because Congress has yet to pass the 2024 budget.




Callan said there was “still a question about the long-term growth and competitiveness of these [US] companies if Trump is re-elected”.

US defence contractors are also struggling with labour shortages, inflationary pressures and fresh concerns over fixed-price contracts. Northrop Grumman said in January it would take a $1.2bn charge against the new B-21 Raider bomber that it is building for the US Air Force due to rising costs on the contract it won in 2015.

The “monster” charge has “reawakened worries that the defence sector signed up for more risk than was prudent”, said Robert Stallard, analyst at Vertical Research Partners.



in many cases the contracts were signed “years ago, back when managements had no inkling that inflation was set to come back with a vengeance”, he added.

Lockheed Martin and RTX are both dealing with losses on fixed-price contracts. Boeing’s defence business reported a loss of $1.8bn last year, following a $3.5bn loss in 2022. Nearly 60 per cent of its defence business derives from fixed-price contracts, according to Securities and Exchange Commission filings.

Several executives have recently signalled they will no longer chase contracts that are at risk of cost overruns. Chris Kubasik, L3Harris chief executive, told analysts in January the company decided to forgo bidding on a fixed-price development programme late last year.

“I will sacrifice revenue for earnings and cash every day of the year, and we will continue to do so until that changes,” he said.

https://www.ft.com/content/3255cde3-3d5e-42f0-b069-47edea1ce…

[mp2019]

https://www.forbes.com/sites/greatspeculations/2023/12/14/do…

. RTX’s Revenue Growth Is Better

RTX’s revenue growth has been better, with a 14.2% average annual growth rate in the last three years, compared to 3.4% for Lockheed Martin.
Lockheed Martin’s revenue growth over the recent years has been led by higher production volume for its Sikorsky helicopter programs, AC-3, Long Range Anti-Ship Missile, and the Joint Air-to-Surface Standoff Missile program, among others.
Lockheed Martin is seeing a higher volume of production contracts for F-35 and the national security space program driving its sales growth, a trend expected to continue in the near term.
RTX Corp’s commercial airplane business was hit during the pandemic, weighing on its commercial OEM and aftermarket sales. This trend has now reversed, with both Pratt & Whitney and Collins Aerospace Systems segments driving the company’s sales growth in the recent past.
However, RTX stock has been under pressure this year due to its recall of over 1,000 Pratt & Whitney engines and associated costs.
If we look at the last twelve-month period revenues, Lockheed Martin fares better with sales growth of 4.6% vs. 1.6% for RTX.
Our Lockheed Martin Revenue Comparison and RTX Corp Revenue Comparison dashboards provide more insight into the companies’ sales.
Looking forward, revenue for RTX is expected to grow at a faster pace than Lockheed Martin in the next three years.

[mp2019]

Trotz Triebwerksärger: Pratt-&-Whitney-Mutter RTX erwartet bessere Geschäfte

ARLINGTON (dpa-AFX) - Ein Materialmangel an Triebwerken vieler Airbus-Jets hat dem US-Rüstungskonzern RTX im abgelaufenen Jahr einen Gewinneinbruch eingebrockt. Die Triebwerkssparte Pratt & Whitney rutschte wegen der anstehenden Reparaturen in die roten Zahlen, und der Überschuss des Konzerns sackte um fast 40 Prozent auf 3,2 Milliarden US-Dollar (2,9 Mrd Euro) ab. Für das laufende Jahr rechnet RTX-Chef Greg Hayes allerdings mit einem kräftigen Umsatzanstieg, wie der US-Partner des deutschen Triebwerksherstellers MTU am Dienstag in Arlington mitteilte. Der um Sonderposten bereinigte Gewinn je Aktie soll ebenfalls wachsen.

An der Börse wurden die Nachrichten positiv aufgenommen. Die Aktien von RTX und MTU legten zuletzt kräftig zu. Im vergangenen Jahr hatten beide Papiere infolge der bekannt gewordenen Triebwerksreparaturen zeitweise verloren.

Da hatte RTX bekannt gegeben, dass Pratt & Whitney in den Turbinenscheiben der sogenannten Getriebefan-Triebwerke ein fehlerhaftes Metallpulver verarbeitet hat. Der Triebwerkstyp kommt bei etwa jedem zweiten Exemplar der meistgefragten Airbus-Modellfamilie A320neo sowie beim kleineren Airbus A220 und bei den E2-Jets des brasilianischen Herstellers Embraer zum Einsatz. MTU liefert Teile des Antriebs und betreibt eine der weltweit drei Endmontagelinien. Betroffen sind laut RTX fast alle schon ausgelieferten Turbinen der Reihe. Viele Antriebe müssen recht kurzfristig in die Wartung. Deshalb bleiben im ersten Halbjahr 2024 voraussichtlich weltweit bis zu 650 Airbus-Jets am Boden.

Im abgelaufenen Jahr steigerte RTX den Umsatz wegen der Probleme mit dem Getriebefan lediglich um drei Prozent auf 68,9 Milliarden Dollar. Für das laufende Jahr peilt Konzernchef Hayes einen Umsatzanstieg auf 78 bis 79 Milliarden Dollar an. Der um Sonderposten bereinigte Gewinn je Aktie soll von 5,06 Dollar im vergangenen Jahr auf 5,25 bis 5,40 Dollar im Jahr 2024 steigen. Zu RTX gehören neben Pratt & Whitney die Rüstungssparte Raytheon und der Luftfahrt-Zulieferer Collins Aerospace./stw/men/he

[mp2019]

RTX Reports 2023 Results and Announces 2024 Outlook
RTX delivers 10% sales growth in Q4 and exceeds full year cash flow expectations; expects continued sales and earnings growth in 2024


Outlook for full year 2024

Sales of $78.0 - $79.0 billion
Adjusted EPS* of $5.25 - $5.40
Free cash flow* of approximately $5.7 billion

2025 RTX financial commitments

Updates 2020 to 2025 adjusted annual sales* growth to 5.5 to 6.0 percent1, down from 6.0 to 7.0 percent
Updates 2020 to 2025 adjusted segment margin* expansion to 500 to 550 basis points1, down from 550 to 650 basis points
Reaffirms 2025 free cash flow* commitment of $7.5 billion
Reaffirms 2025 capital return commitment of $36 to $37 billion through 2025
https://www.rtx.com/news/news-center/2024/01/23/rtx-reports-…