RTX Corporation: A Dual Cycle Profile In Play

RTX Corporation is rated a buy with a $201.85 price target, reflecting a 14% upside on conservative 2027 FCF estimates. RTX uniquely benefits from both surging global defense spending and robust commercial aerospace demand, underpinned by a $271 billion backlog. Q1 2026 results highlight double-digit organic growth, strong productivity gains, and high-quality earnings converting efficiently into cash flow.