RTX: Raising our outlook at the half - Strong Raytheon growth, plus Pratt GTF progress; Target to $232

Research evidence excerpt

RTX: Raising our outlook at the half - Strong Raytheon growth, plus Pratt GTF progress; Target to $232

ly from stronger economic growth and a faster global recovery. For the defense

businesses, program execution and funding are downside risks. International demand is particularly important both to the upside

and downside. The company's balanced portfolio should be less exposed to any single portion of the U.S. defense budget, but

affected to some extent by changes to most major programs and to levels of foreign military sales.

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