Raytheon Technologies (NYSE: RTX) stock has been stuck in a bit of a rut. It's down nearly 4% this year and only up 4.7% over the last year -- significantly underperforming the S 500 across both time frames. The company has had some issues over the previous year, but I think some recent news makes the stock a good buy for long-term investors. 

Raytheon, which recently started branding itself as RTX, should be doing great. After all, the commercial aerospace market is recovering strongly, with domestic flights already back to 2019 levels (the year before the pandemic) and international flight departures building a solid recovery. Meanwhile, defense spending will likely pick up substantially due to geopolitical tensions, NATO expansion, and the need to replenish equipment used in the conflict in Ukraine. 

While those factors apply and make RTX an attractive company, it makes no investing sense to gloss over the headwinds the company has faced and continues to face. 

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Source Fool.com