5 Best Aerospace and Defense Stocks to Invest In

3. RTX Corporation (NYSE:RTX)

Number of Q3 2023 Hedge Fund Shareholders: 63

RTX Corporation (NYSE:RTX) is an American firm whose products complement Lockheed’s. While Lockheed makes the planes, its RTX Corporation (NYSE:RTX)’s missiles ensure that the aircraft remains a lethal threat. February 2024 is shaping up to be a crucial month for the firm as it has drawn the SEC’s scrutiny over an investigation related to disclosures of an engine failure.

As of September 2023 end, 60 out of the 910 hedge funds tracked by Insider Monkey were RTX Corporation (NYSE:RTX)’s shareholders. Ken Fisher’s Fisher Asset Management owned the largest stake which was worth $681 million.

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