RTX's Pratt & Whitney Scores Fresh Leidos Deal

On Tuesday, RTX Corp. (NYSE:RTX) said its Pratt & Whitney unit secured a follow-on contract from Leidos Dynetics to supply TJ150 turbojet engines for the AGM-190A small cruise missile.

The TJ150 is a compact turbojet engine producing more than 150 pounds of thrust and designed for high-altitude operations. It can be manufactured quickly and is built for reliability and scalable production across a range of autonomous defense systems.

"Meeting today's mission demands requires speed and reliable performance, and the TJ150 engine delivers on both," said Jessica Villardi, vice president of Fighter and Mobility Programs at Pratt & Whitney. "The engine's performance and availability make it an ideal fit for effectors, as it provides consistent thrust and supports seamless vehicle integration."

Pratt & Whitney said more than 2,700 TJ150 engines have already been delivered for various missile applications worldwide. The company is also incorporating additive manufacturing into TJ150 development engines to improve production flexibility, expand its supply base, and accelerate engine development.

Sector Momentum Builds

Major aerospace and defense contractors—including Lockheed Martin Corporation (NYSE:LMT), RTX Corp., Northrop Grumman Corporation (NYSE:NOC), General Dynamics Corporation (NYSE:GD), and L3Harris Technologies, Inc. (NYSE:LHX)—have become focal points for investor interest. Sustained market sentiment is increasingly driven by the anticipated surge in global demand for advanced weaponry systems and integrated missile defense capabilities.

Technical Analysis

RTX is currently trading 2.1% above its 20-day simple moving average (SMA) and 11.4% above its 100-day SMA, signaling sustained bullish momentum. The stock has surged 61.23% over the past 12 months and is currently trading near its 52-week high.

The RSI is at 57.40, which is considered neutral territory, suggesting there is no immediate overbought or oversold pressure. Meanwhile, the MACD shows a bullish signal, with a MACD value of 3.0982 above the signal line at 2.7608, indicating positive momentum.

The combination of neutral RSI and bullish MACD suggests mixed momentum, indicating potential for continued upward movement if market conditions remain favorable.

• Key Resistance: $214.50
• Key Support: $193.00

Next Financial Update and Analyst Ratings

RTX is expected to announce its next earnings report on April 21, 2026.

• EPS Estimate: $1.51 (Up from $1.47)
• Revenue Estimate: $21.41 Billion (Up from $20.31 Billion)
• Valuation: P/E of 42.0x (Indicates premium valuation)

Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $174.94. Recent analyst moves include:

• Citigroup: Buy (Raises Target to $238.00) (Feb. 5)
• JP Morgan: Overweight (Raises Target to $215.00) (Jan. 28)
• RBC Capital: Outperform (Raises Target to $230.00) (Jan. 28)

Top ETF Exposure

• State Street Industrial Select Sector SPDR ETF (NYSE:XLI): 4.90% Weight
• Invesco Aerospace & Defense ETF (NYSE:PPA): 8.59% Weight
• Global X Defense Tech ETF (NYSE:SHLD): 7.86% Weight

Significance: Because RTX carries such a heavy weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock.

RTX Price Action: RTX shares were down 0.57% at $207.05 at the time of publication on Tuesday. The stock is approaching its 52-week high of $214.50, according to Benzinga Pro data.

Photo by T. Schneider via Shutterstock

This article RTX's Pratt & Whitney Scores Fresh Leidos Deal originally appeared on Benzinga.com