Top 5 Defense Contractors in 2021

2. Raytheon Technologies Corporation (NYSE: RTX)

Number of Hedge Fund Holders: 58

Raytheon Technologies Corporation (NYSE: RTX) has a $26.489 billion defense contract with the U.S. Department of Defense.

Davis New York Venture Fund, in its Q4 2020 investor letter, mentioned Raytheon Technologies Corporation (NYSE: RTX). Here is what the fund has to say about Raytheon Technologies Corporation in its letter:

“In today’s uncertain economy, we believe we have found such businesses trading at bargain prices in two sectors: industrials and financials. In the industrial space, concerns about the impact of the economic downturn on short-term profitability led to a wave of selling in a select group of leaders with durable competitive advantages, long records of profitability and bright long-term prospects. Companies like Raytheon Technologies is a wonderful example of attractive investments in this sector.”