The Pick of the Defense Sector Is Now an Even Better Value
The case for buying stock in defense and aerospace giant Raytheon Technologies (NYSE: RTX) just got a little stronger.
While the company is facing ongoing headwinds in 2022, and its full-year outlook has some uncertainty attached to it, CEO Greg Hayes' latest presentation at the Morgan Stanley Laguna Conference indicated the business is ideally placed to benefit from solid end demand in its markets. Here's the lowdown.
As usual, it's a good idea to start with what Hayes said about the headline guidance, which was slightly disappointing. He reiterated the full-year guidance for sales of $67.75 billion to $68.75 billion and adjusted earnings per share (EPS) of $4.60-$4.80, but said Raytheon would "probably" be at the low end of the revenue range.
Source Fool.com
