Raytheon Technologies in 3 Charts
The case for buying Raytheon Technologies (NYSE: RTX) is relatively simple. In the coming years, the defense businesses will provide earnings and cash flow support as the commercial aviation businesses embark on a multi-year recovery. If this transpires in line with market expectations, then the stock looks like a very good value. It's a powerful case, and here are the charts to demonstrate it.
The first point is that Raytheon is a company with substantive defense and space revenue. Indeed, in October 2020 CEO Greg Hayes noted that two-thirds of Raytheon's revenue was coming from defense-related activity -- hardly surprising given the collapse in commercial air travel.
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Source Fool.com
