RTX develops and manufactures aerospace and defense systems, including jet engines, missiles, and radar technologies.Yahoo Finance ↗rtx.com ↗
1 take · first discussed Jan 4, 2025
Every call, plotted at the price the day they made it.
The hosts' collective view on RTX is bearish, represented solely by Friedberg at medium conviction. He places Raytheon/RTX in a "Defense 1.0" loser basket for 2025, arguing that traditional cost-plus contractors will cede budget share as defense spending shifts toward tech-oriented, ROI-driven solutions. Friedberg sees RTX as a casualty of this structural reallocation rather than a beneficiary of rising defense budgets. No other hosts offered a competing view on RTX.
Friedberg includes Raytheon/RTX in his legacy defense and aerospace loser basket for 2025, arguing old cost-plus defense providers will lose budget share to tech-oriented, ROI-driven entrants.
Raytheon, Defense 1.0, driven by kind of China dominance, driven by US defense budgets that I think are going to need to shift towards a more kind of tech-oriented and ROI-driven rationalization.”41:27