10 Billion Reasons Why Raytheon Technologies Is a Smart Buy for 2022
Anyone unsure about the wisdom of investing in Raytheon Technologies (NYSE: RTX) and other aerospace stocks should have been convinced by the company's fourth-quarter earnings and guidance. It's time to stop thinking about commercial aerospace as a challenged market at the mercy of the pandemic and more as one with a multi-year pathway of growth ahead of it. Meanwhile, Raytheon's defense business will provide solidity through the small ups and downs. It's a compelling proposition.
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The headline results were pretty much in line with the guidance given on the third-quarter earnings call in October. That's a good result under the circumstances, given the supply chain pressures and flight cancellations due to the surge of omicron cases at the end of the year.
Source Fool.com