Citigroup has initiated coverage on RTX Corp (RTX) with a Buy rating, marking the firm's first assessment of the aerospace and defense company. The rating reflects Citigroup's analysis of RTX's business dynamics and growth potential.
RTX Corp, headquartered in Arlington, Virginia, operates in the aerospace and defense sector, employing approximately 185,000 people. The company provides systems and services for commercial, military, and government clients through its three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. Collins Aerospace delivers advanced aerospace products and services, while Pratt & Whitney supplies aircraft engines. Raytheon focuses on threat detection and mitigation capabilities for both U.S. and international customers.
As of December 11, 2025, RTX's stock trades at $177.65, with a market capitalization of $234.3 billion. The company reports a trailing twelve-month price-to-earnings ratio of 35.54 and earnings per share of $4.87. The dividend yield stands at 155.7%.
Upcoming earnings are scheduled for October 19, 2026, with an estimated EPS of $1.81 and revenue of $23.9 billion. Recent performance has shown strong results, including a Q3 2025 EPS of $1.70, surpassing estimates by 19.5%.
Analyst consensus indicates a Buy rating, with 5 Strong Buy, 12 Buy, and 10 Hold ratings among 27 total analysts. Citigroup's recent initiation adds to the positive sentiment, following previous ratings from firms like B of A Securities and UBS, which maintained their Buy ratings in recent months.