Where Will RTX Be in 3 Years?
Investors in (NYSE: RTX) already have a good idea of where the aerospace and defense company might be in a year. Management has set a free cash flow (FCF) target of $7.5 billion in 2025 as it builds on the recovery in commercial aviation and executes on a growing backlog in defense.
But what will the company's outlook be after that, and will its valuation justify buying the stock? Here's the lowdown.
In regular times, RTX tends to generate roughly half of its revenue from commercial aerospace and half from defense. Let's start with its commercial aerospace business, which has excellent long-term growth prospects.
Source Fool.com