A Bull Market Is Coming: 3 Reasons to Buy Raytheon Stock
The exciting thing about aerospace and defense giant Raytheon Technologies (NYSE: RTX) in 2023 is how it's setting itself up for excellent medium- and long-term growth. The near-term outlook is excellent, albeit with supply chain constraints holding back profitability somewhat.
But what's more important is how the company will fare in the longer term. And here, there's an even stronger case for buying the stock. The following are three reasons to invest in it.
Raytheon generates around 55% of its revenue from aerospace and the rest from defense. The company is in the throes of reorganizing its segments from four to three, with the two defense-focused businesses becoming part of a so-called Raytheon segment.
Source Fool.com
