10 Best Robotics Stocks to Buy According to Billionaires

3. RTX Corporation (NYSE:RTX)

No. of Billionaire Investors: 17

No. of Hedge Fund Holders: 80

RTX Corporation (NYSE:RTX) is a leading aerospace and defense company that offers drone-based missile systems and counter-drone technologies. Its flagship military robot, Coyote, is a drone used to track and shoot down enemy UAVs. The company provides different advanced systems and services for commercial, military, and government customers globally. RTX operates its services and products through three businesses, including Collins Aerospace, Pratt & Whitney, and Raytheon. RTX remains a key player in the military drone market and also remains a major manufacturer of radars, sensors, and electronic warfare equipment.

On March 19, Baird analyst Peter Arment upgraded the rating on RTX shares from Neutral to Outperform, raising the price target from $136 to $160. The analyst believes that the multi-year Department of Defense replenishment cycle and rising European defense orders amid NATO rearmament will play a positive role in RTX’s growth. President Trump’s call for NATO members to increase defense spending to 5% of GDP from around 2% and the European Union’s proposed €800 billion ReArm Europe plan are considered to be catalysts for RTX going forward.

Longleaf Partners Fund stated the following regarding RTX Corporation (NYSE:RTX) in its Q4 2024 investor letter:

“RTX Corporation (NYSE:RTX) – Aerospace and defense company RTX was a top contributor for the year. Our appraisal value has grown nicely since we first purchased the company just over a year ago. While the issues for Pratt & Whitney’s (P&W) Geared Turbofan engine are still not yet fully fixed, they have gotten better and given us another reminder that the point of maximum pessimism is only obvious in retrospect. We continue to have a conservative valuation on P&W so view this as a source of future value upside. The Raytheon segment has also performed better as the year has gone on, with recent signs of margin improvement. Strong industry tailwinds, prudent capital allocation, and a solid balance sheet provide a foundation for sustained growth and eventual full value recognition.”