Don't Let the Name Change Fool You

I don’t blame anyone looking for Raytheon stock these days. It’s a slam dunk. Looking for Raytheon Stock? You Need RTX In Your Life [Wealth Daily] Jason Simpkins / Sep 3, 2024 Don't Let the Name Change Fool You I don’t blame anyone looking for Raytheon stock these days. It’s a slam dunk. But what still seems to confuse a lot of people (rightfully) is that the company isn’t called Raytheon anymore. In July 2023, Raytheon changed its name to RTX Corp. (NYSE: RTX), joining other notable global brands like Facebook, now Meta, or Google, which I hear is actually something called Alphabet. However, like those companies Raytheon changed its name because its business outgrew it. Indeed, Facebook isn’t just a social media website anymore — it’s a sprawling data collection, advertising, and technology firm. Same with Google. [Raytheon RTX Stock] In Raytheon’s case the name was changed to account for the company’s merger with United Technologies — a commercial aerospace company that included Collins Aerospace and Pratt & Whitney. Taking on Collins and Pratt & Whitney proved to be a bit of a headache early on. They were effectively acquired during the pandemic, which was an obvious drag on the commercial airline industry. Worse, a recall at Pratt & Whitney affecting 3,000 jet engines last year cost RTX $3 billion to remedy. But things have really turned over the past year. Forget Social Security (Do THIS Instead) Worried that Social Security could run out of money? Then listen very closely. You don’t need to tap into your Social Security early or work well into your 90s... There’s a proven strategy that’s turned regular Americans into millionaires over and over. And there’s no minimum investment required. [Here’s how to secure your retirement.]( Pratt & Whitney's revenue totaled $6.8 billion in the second quarter of 2024 — up 5.36% from the previous quarter and 19.31% from the same period in 2023. Meanwhile, Collins Aerospace posted $7 billion in revenue, which is up 10% year over year. That’s dovetailed nicely with higher revenue from the defense division, which now carries the Raytheon standard. Raytheon Earnings Raytheon generated $6.5 billion in sales and $709 million in operating profit in the second quarter. Obviously, Raytheon remains integral to global defense — especially as a provider of missiles and missile defense systems. When I talk about Raytheon, I always tell investors that it makes every missile you can name — the Tomahawk, the Stinger, the Sidewinder, the Javelin (which it co-manufactures with Lockheed Martin), and, of course, the Patriot. [Tomahawk Raytheon] [Mega-Billionaires Race to Capture “The Sun Beneath Our Feet”]( There’s a radical new power source that ultra-wealthy entrepreneurs like Buffet, Gates and Zuckerberg have their sights firmly set on. - It’s clean, renewable and astonishingly cheap... - Can deliver more energy per sq. foot than the surface of our sun... - And it could supply humanity’s energy needs for the next 91 billion years! Scientists refer to this newly-unlocked form of energy as “The Sun Beneath Our Feet”. But I simply call it “DeepSurge”. And if you invest in the obscure company behind it all before November 1st., I predict that you’ll make an incredible 59x ROI. [Click here to find out how.]( If you’re not familiar, the Patriot missile system is one of the most trusted, effective, and frequently deployed anti-air defense systems in the world. It intercepts all manner of airbound threats, including surface-to-surface and air-to-surface missiles, as well as rockets and mortars. It’s deployed in 19 countries around the world. Raytheon also partners with Rafael on Israel’s Iron Dome. In fact, RTX and Rafael recently announced plans for a new $33 million production facility in Arkansas that will produce Tamir and SkyHunter missiles to counter ongoing threats from adversaries in the Mideast. No doubt, Raytheon has been extremely busy these days supplying both Ukraine and Israel, as well as the U.S. Defense Department, with ammunition and weapons platforms. Most recently, last Thursday, the Army issued a $1.3 billion contract award to the Javelin Joint Venture with Lockheed. Those deals have become routine in a new era of soaring defense budgets. The United States alone is set to spend a record $895 on defense in the next year, with a military budget that is almost certain to top $1 trillion in the next presidential administration — regardless of who wins. And global defense spending totaled $2.44 trillion in 2023 — up from $2.2 trillion in 2022. That figure will probably be even higher this year — and still higher in 2025. So if you’re looking to cash in on defense, RTX (Raytheon) stock is a good way to do it. Of course, if you really want to profit from the defense sector, you should check out my latest report detailing the boom in AI-driven warfare. [You can find that here.]( Fight on, [Jason Simpkins Signature] Jason Simpkins [Wealth Daily ICYMI Header]( This Mad Man Is Putting YourFinancial Future in Grave DANGER As we approach a pivotal election with a candidate nobody ever voted for... It’s clear that the true power in this country doesn’t reside with us or our elected officials. So who’s really running this country? Not Joe Biden... Kamala Harris... Obama... or even Congress. I’m talking about a hidden player who exercises power behind the scenes... And he won’t rest until all of us are weak, broke, and powerless. That’s why I’m sending this note at great personal risk... Because people like this don’t stop until we MAKE them stop. And I want you to be prepared for whatever comes your way as America spirals into chaos. [Learn more here before this gets taken down.]( [Feedback? get in touch](mailto:/newsletter@wealthdaily.com?subject=Wealth%20Daily%20feedback) [Read this email online]( [Manage Newsletters]( [Share on Twitter]( You signed up for our newsletter with the email {EMAIL}. You can manage your subscription and get our privacy policy [here](. This email is from Angel Publishing, 3 East Read Street, Baltimore, MD 21202 © Wealth Daily.