The article says RTX's recent results strengthened the investment case, with management raising guidance for sales, earnings and cash flow, and a $340 billion backlog. The stock trades at 32 times trailing earnings. The author benchmarks it against Lockheed Martin (13.8 times 2027 operating income on analyst consensus) and GE Aerospace (25.1 times), assuming 30% of Collins Aerospace and Pratt & Whitney is defense and 70% commercial aerospace, which implies 21.7 times. Using expected 2027 net debt of $22.6 billion, the theoretical value is about $186 per share versus the current $192. The author concludes RTX looks fairly valued relative to peers and is more a long-term buy-and-hold stock than a clear bargain.
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