RTX stock eyes new highs as Raytheon drops $100M on missile-defense expansion.
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RTX stock eyes new highs as Raytheon drops $100M on missile-defense expansion. RTX stock: Raytheon invests $100M in Portsmouth, RI to boost Patriot missile and LTAMDS radar production, adding 150 jobs. By Trader Edge June 8, 2026 3 Mins Read Tldr. * Raytheon will invest $100M to expand its Portsmouth, Rhode Island facility, adding 150 high-tech jobs * The expansion supports production of Patriot GEM-T missile components and LTAMDS radar testing * RTX stock opened at $181.26 on Monday; Jefferies recently upgraded the stock to Buy with a $220 price target * RTX reported Q1 EPS of $1.78, beating estimates of $1.52, with revenue of $22.08 billion * RTX raised its quarterly dividend to $0.73 per share, up from $0.68 Raytheon, a business unit of RTX (RTX), announced Monday it will put $100 million into expanding its Portsmouth, Rhode Island facility. The project is set to boost production of missile-defense components and speed up testing of a key next-generation radar system. RTX stock opened at $181.26 on Monday, giving the company a market cap of $244.10 billion. The stock sits below its 52-week high of $214.50 but well above its 52-week low of $135.43. The $100 million investment will fund two main goals. First, it will ramp up production of components for the Patriot GEM-T interceptor missile. Second, it will expand testing capacity for the Lower Tier Air and Missile...
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