RTX (RTX) Could Be 19% Undervalued On Fresh Defense Contract Wins

RTX (RTX) has been in focus after Raytheon secured a five year contract worth up to US$6.3b for Standard Missile 3 Block IB interceptors, alongside US$729m in counter drone system orders. RTX shares trade at US$186.47 and have gained 1.88% on a 1 day share price return and 3.45% over the past week, even though the 30 day share price return is down 4.54% and the 90 day share price return is down 4.06%. Longer term total shareholder returns of 20.53% over 1 year and more than double over 3 and...