The Latest Breaking News from RTX

RTX Corporation, formerly Raytheon, settles government fraud and bribery allegations with over 0 million in penalties.

Raytheon, a subsidiary of major American defense contractor RTX, will pay more than $950 million to resolve fraud and bribery charges, the US Justice Department announced Wednesday.

While RTX Corporation has outperformed the broader S&P 500 index recently, analysts are moderately bullish about the stock's potential.

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RTX Corporation has outperformed the broader market this year, but Wall Street analysts are cautious about the stock's prospects.

New Boeing CEO Kelly Ortberg is "capable of fixing the management floor with his left hand and choosing the right new plane with his right hand," notes one analyst.

The stock market remained split, with small caps leading and the Nasdaq tumbling, led by Google and Tesla.

Defense earnings: Lockheed Martin beat views and hiked its outlook Tuesday. RTX, Northrop Grumman and General Dynamics are on tap this week.

With RTX expected to release its Q2 earnings later this month, analysts anticipate its bottom line to remain unchanged year over year.