RTX Corporation (NYSE:RTX) is among the The 10 best US defense stocks to buy according to Wall Street analysts.

On Feb. 5, Citigroup raised its price target on the stock to $238 from $227, while reiterating a buy rating, representing a more than 21% increase from Thursday’s close.

The adjustment comes a day after the company announced it had reached a seven-year deal with the War Department to increase production and delivery of Tomahawks, AMRAAM missiles, along with other missiles and interceptors.

The deal comes amid growing demand for precision munitions worldwide due to ongoing geopolitical conflicts and Washington’s subsequent quest to replenish depleted stockpiles.

According to RTX Corporation’s (NYSE:RTX) press release, production of Tomahawk cruise missiles will increase to more than 1,000 units annually, from the current 60. The production capacity of AMRAAM air-to-air missiles is also expected to be expanded to at least 1,900 units.

In other news, the aerospace and defense giant reported strong results for the fourth quarter of fiscal 2025, led by increased engine sales and increased demand for aircraft maintenance and repair services. Total sales grew 12% year-over-year to $24.2 billion, while adjusted EPS came in at $1.55, beating estimates by 8 cents and up 1% from a year earlier.

The company also shared its outlook for 2026, with expected sales of $92 billion to $93 billion, with the midpoint above analysts’ forecasts. Adjusted EPS for the year is expected to be between $6.60 and $6.80.

RTX Corporation (NYSE:RTX) is a global defense and aerospace industry giant, providing systems and services to commercial, military and government customers. It operates through three main businesses: Collins Aerospace, Pratt & Whitney and Raytheon.

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