RTX (NYSE:RTX) Stock

Raytheon Technologies

RTX is an aerospace and defense manufacturer formed from the merger of United Technologies and Raytheon, with roughly equal exposure as a supplier to commercial aerospace and to the defense market across three segments: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, a commercial and military aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.

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Are You A Value Investor? This 1 Stock Could Be The Perfect Pick

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Pratt &amp; Whitney wins $1.5B contract to support US Air Force&#39;s F119 engines, improving readiness and reducing costs for over 400 engines.

Pratt &amp; Whitney Expands F119 Engine Support With $1.5 Billion Contract: Details

What Happened

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PLTR

The defense sector is on watch after the Trump administration ordered senior officials at the Pentagon and throughout the U.S. military to prepare for sweeping budget cuts. 

Trump Administration Orders Sweeping Pentagon Cuts: Palantir, Lockheed Martin, General Dynamics Among Stocks On Watch

RTX Corp

According to Airbus, the A321XLR burns 30% less fuel per seat than previous generation aircraft. Globally, 13 customers have selected GTF engines to power 217 A321XLR aircraft, with Wizz Air expected to be the first operator. To date, more than 2,200 GTF-powered aircraft have been delivered to over 80 customers worldwide. The next configuration of the engine, the GTF Advantage, is particularly well suited for the A321XLR, delivering higher take-off thrust and offering even better operating economics.

EADSF

European Aeronautic Defence And Space Unsponsored

EADSY

European Aviation Safety Agency Certifies Airbus A321XLR With Pratt & Whitney GTF Engines, Paving the Way For Entry Into Service

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
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It also includes access to the Zacks Style Scores.
<h2>What are the Zacks Style Scores?</h2>
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
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Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company&#39;s financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying &quot;the trend is your friend,&quot; are most interested in taking advantage of upward or downward trends in a stock&#39;s price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It&#39;s a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
<h2>How Style Scores Work with the Zacks Rank</h2>
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company&#39;s earnings expectations, to help investors build a successful portfolio.
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Investors can count on the Zacks Rank&#39;s success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&amp;P 500&#39;s performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That&#39;s where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company&#39;s earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
<h2>Stock to Watch: RTX (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>)</h2>
In July 2023, Raytheon Technologies was renamed as RTX Corporation. On Apr 3, 2020, Raytheon Technologies was formed following the completion of merger between United Technologies and Raytheon Company. Based in Waltham, MA, Raytheon Technologies has emerged as an aerospace and defense company, with pro-forma combined annual revenues of $74 billion as of the end of 2019, providing advanced systems and services for commercial, military and government customers worldwide. Effective July 2023, the company operates through three business segments.
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RTX is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 20.48; value investors should take notice.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.06 to $6.13 per share. RTX boasts an average earnings surprise of 9.9%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, RTX should be on investors&#39; short list.
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<h2>Should You Invest in RTX Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>)?</h2>
Before you invest in RTX Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on <a href="https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1473&amp;adid=SYND_BENZ_ZU_7BESTREPORTA_TALEOFTAPE_546_02202025_2418658&amp;cid=CS-BENZ-FT-tale_of_the_tape|zacks_education_value_score-2418658" style="font-weight:bold">the 7 best stocks</a> to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&amp;P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
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<a href="https://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;t=RTX&amp;ADID=SYND_BENZ_TCK_TALEOFTAPE_546_2418658_RTX&amp;cid=CS-BENZ-FT-tale_of_the_tape|zacks_education_value_score-2418658">RTX Corporation (NYSE: </a><a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>): Free Stock Analysis Report
<a href="https://www.zacks.com/stock/news/2418658/are-you-a-value-investor-this-1-stock-could-be-the-perfect-pick?cid=CS-BENZ-FT-tale_of_the_tape|zacks_education_value_score-2418658">To read this article on Zacks.com click here.</a>
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Pratt &amp; Whitney, a division of RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), has been awarded a three-year contract worth up to $1.5 billion to support the U.S. Air Force&#8217;s F119 engines, which power the F-22 fighter jets.
The agreement aims to enhance fleet readiness and reduce maintenance costs for over 400 engines that have logged more than 900,000 flight hours.
The F-22 Raptor&#8217;s two F119 engines generate over 35,000 pounds of thrust, enabling high-altitude supercruise for greater speed and fuel efficiency. Pratt &amp; Whitney&#8217;s Usage-Based Lifing program further extends engine longevity and efficiency, lowering costs while improving performance.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43329696/rtxs-strong-backlog-and-pricing-power-offset-defense-risks-analysts-forecast-big-2025-upside" rel="noreferrer noopener">RTX&#8217;s Strong Backlog And Pricing Power Offset Defense Risks, Analysts Forecast Big 2025 Upside</a>
Meanwhile, the Trump administration has directed Pentagon officials to prepare for <a href="https://www.benzinga.com/25/02/43836832/trump-administration-orders-sweeping-pentagon-cuts-defense-sector-stocks-on-watch" target="_blank" rel="noreferrer noopener">significant defense budget cuts</a>. In a memo, Defense Secretary Pete Hegseth ordered an 8% annual reduction over the next five years, with exemptions for nuclear modernization, missile defense, submarines, drones, and munitions.
Price Action: RTX shares are trading lower by 0.97% at $124.19 at last check Thursday.
Image via Shutterstock.

Pratt & Whitney Expands F119 Engine Support With $1.5 Billion Contract: Details

Contract will improve readiness and reduce costs for&nbsp;more than 400 engines
EAST HARTFORD, Conn., Feb. 20, 2025 /PRNewswire/ -- Pratt &amp; Whitney, an RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) business, secured a three-year contract valued up to $1.5 billion to sustain F119 engines, which power the U.S. Air Force's F-22 fighter jets. The contract will improve readiness and reduce costs for an F119 fleet of more than 400 engines that have flown over 900,000 engine flight hours.

RTX's Pratt & Whitney Awarded $1.5B F119 Engine Sustainment Contract For U.S. Air Force's F-22 fleet

The Trump administration has ordered senior officials at the Pentagon and throughout the U.S. military to prepare <a href="https://www.benzinga.com/news/25/01/43266467/trumps-executive-orders-make-us-most-lethal-fighting-force-in-the-world-iron-dome-defense-system-get-woke-policies-out-of-military">for sweeping budget cuts.&nbsp;</a>
The Details: According to a Washington Post <a href="https://www.washingtonpost.com/national-security/2025/02/19/trump-pentagon-budget-cuts/">report</a>, Defense Secretary Pete Hegseth, on Tuesday, sent a memo ordering senior officials to develop plans to cut 8% of the defense budget in each of the next five years. 
The order states plans for proposed cuts should be drawn up by Feb. 24 and includes many notable exemptions, including the modernization of nuclear weapons and missile defense, the acquisition of submarines, drones and other munitions.
Read Next: <a href="https://www.benzinga.com/25/02/43703014/robert-f-kennedy-confirmed-as-trump-secretary-of-health">Robert F. Kennedy, Vaccine Skeptic, Confirmed As Trump&#8217;s Secretary Of Health: Health Care Stocks To Watch</a>
"The time for preparation is over — we must act urgently to revive the warrior ethos, rebuild our military, and reestablish deterrence," Hegseth wrote, according to the Washington Post which obtained the memo. 
"Our budget will resource the fighting force we need, cease unnecessary defense spending, reject excessive bureaucracy, and drive actionable reform including progress on the audit," Hegseth wrote.&nbsp;
Stocks To Watch: Shares of companies in the defense sector are on watch as details of any proposed cuts are not immediately clear.&nbsp;
Due to the above-listed exemptions which include submarines, missile defense and other munitions, many of the legacy defense contractors may not be the focus of proposed spending cuts but should still be monitored.&nbsp;
Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), General Dynamics Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>), and Northrop Grumman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) dipped following the Washington Post report but recovered quickly. 
However, shares of Palantir Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) fell more than 10% following the news. The large drop may have been due to the stock's recent run which produced gains of nearly 250% over the past six months. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/social-media/25/02/43535256/palantir-adds-elon-musks-ai-chatbot-grok-to-aip">Palantir Adds Elon Musk&#8217;s AI Chatbot Grok To AIP</a></li>
</ul>
Image: Shutterstock

The U.S. defense sector is facing fresh uncertainty as the Trump administration sets the foundation for a cost-cutting initiative under the newly established Department of Government Efficiency (DOGE). Despite the <a href="https://www.benzinga.com/news/global/25/02/43787369/us-russian-officials-begin-ukraine-peace-talks-defense-sector-stocks-rise">recent buoyancy</a> in anticipation of peace talks involving the Presidents of the U.S., Russia and Ukraine, stocks of major defense contractors, including Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), General Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>), and Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>), are staring at near-term risks following the possibility of a defense budget cut. 
While the potential impact is still unfolding, <a href="https://www.benzinga.com/etfs">defense-focused ETFs </a>could be in for a bumpy ride.
ETFs with significant holdings in defense giants may see volatility in the wake of potential budget constraints. Some of the key funds to monitor include:
iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) – Tracks U.S. defense and aerospace companies, including General Dynamics (18.75% exposure) Lockheed Martin (4.98% exposure) and RTX (15.72% exposure). 
SPDR S&amp;P Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XAR#NYSE">XAR</a>) – Offers exposure to large and mid-cap defense stocks, with exposure to stocks like Lockheed Martin, General Dynamics and RTX. This ETF offers a more equally weighted approach, which may help balance the losses.
Invesco Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>) – Holds a diversified mix of defense contractors and related industries. However, Lockheed Martin and RTX hold the top positions, with 7.26% and 7% of the total AUM.
First Trust Indxx Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MISL#NYSE">MISL</a>) – A newer entrant with a focus on companies involved in missile and defense technology. Once again, Lockheed Martin, General Dynamics and RTX hold significant percentage of the total assets.
Also Read: <a href="https://www.benzinga.com/trading-ideas/25/02/43827291/exclusive-will-trumps-tariffs-hurt-or-help-stock-market-59-say-this">EXCLUSIVE: Will Trump&#8217;s Tariffs Hurt Or Help Stock Market? 59% Say This…</a>
Why Defense Stocks Are Under Pressure
The DOGE recently kicked off its review at the Pentagon, aiming to curb waste, fraud, and redundancies. In a post on X, DOGE officials confirmed their commitment to "safely save taxpayer dollars and eliminate waste." 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Great kickoff with <a href="https://twitter.com/DeptofDefense?ref_src=twsrc%5Etfw">@DeptofDefense</a>. Looking forward to working together to safely save taxpayer dollars and eliminate waste, fraud and abuse.
&mdash; Department of Government Efficiency (@DOGE) <a href="https://twitter.com/DOGE/status/1890621621448167497?ref_src=twsrc%5Etfw">February 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Defense Secretary Pete Hegseth echoed this sentiment, emphasizing the need to streamline operations and optimize spending, as reported by CBS News.
This initiative has raised concerns for major defense contractors, many of whom rely heavily on government contracts. Among the top players at risk are Lockheed Martin which has retreated almost 10% so far this year, RTX , General Dynamics, with a loss of 6.35% year-to-date, and Northrop Grumman, which has lost 6.5% so far this year.
With over $200 billion in annual federal contracts flowing into the sector, any cuts could significantly affect companies that derive nearly half their revenue from government spending, according to a report by Saxo Bank.
While U.S. defense spending may come under pressure, rising geopolitical tensions and commitments from NATO allies to boost their military budgets could create new opportunities for defense firms.
Fine-Tuning Is Key
For investors holding defense-heavy ETFs, now may be a time for caution but not necessarily panic. Watching how DOGE's review unfolds, tracking upcoming federal budgets, following the peace talks among Russia, Ukraine and U.S., and keeping an eye on global defense spending trends will be important. Diversification within ETFs could also help mitigate sector-specific risks.
As budget talks heat up, defense ETFs may experience short-term turbulence, but the longer-term picture will depend on how much of the spending shift is domestic versus international.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/02/43818555/trade-war-redux-a-bumpy-ride-ahead-for-these-etfs-after-trumps-tariff-move-on-auto-pharma-chip-imports">Trade War Redux: These ETFs Due For Bumpy Ride Thanks To Trump Tariffs On Auto, Pharma, Chip Imports</a></li>
</ul>
Photo: Shutterstock

Sector ETFs

ETFs

iShares Dow Jones US Aerospace & Defense Index Fund

MISL

4 ETFs In The Crosshairs As Defense Cuts Loom — Is It Time To Play Offense?

<a href="https://www.washingtonpost.com/national-security/2025/02/19/trump-pentagon-budget-cuts/" title="https://www.washingtonpost.com/national-security/2025/02/19/trump-pentagon-budget-cuts/">https://www.washingtonpost.com/national-security/2025/02/19/trump-pentagon-budget-cuts/</a>

Macro Economic Events

Economics

General

'Trump Administration Orders Pentagon To Plan For Sweeping Budget Cuts; Orders Pentagon To Develop Plans For 8% Budget Cut In Each Of The Next 5-Years' - Washington Post

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$500.00</td>
<td>$94.1K</td>
<td>607</td>
<td>6.2K</td>
</tr>
<tr>
<td>HEES</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$90.00</td>
<td>$45.5K</td>
<td>6.4K</td>
<td>1.0K</td>
</tr>
<tr>
<td>LUNR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$20.00</td>
<td>$123.0K</td>
<td>3.2K</td>
<td>522</td>
</tr>
<tr>
<td>GD</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$245.00</td>
<td>$33.3K</td>
<td>38</td>
<td>257</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/19/25</td>
<td>$30.00</td>
<td>$263.0K</td>
<td>4.5K</td>
<td>200</td>
</tr>
<tr>
<td>RTX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$124.00</td>
<td>$62.8K</td>
<td>1.1K</td>
<td>74</td>
</tr>
<tr>
<td>FLR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$57.50</td>
<td>$88.3K</td>
<td>128</td>
<td>50</td>
</tr>
<tr>
<td>ETN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$350.00</td>
<td>$118.7K</td>
<td>227</td>
<td>35</td>
</tr>
<tr>
<td>GEV</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$300.00</td>
<td>$187.5K</td>
<td>439</td>
<td>25</td>
</tr>
<tr>
<td>AXON</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$500.00</td>
<td>$26.2K</td>
<td>1</td>
<td>8</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For DE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on February 21, 2025. This event was a transfer of 277 contract(s) at a $500.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $94.1K, with a price of $340.0 per contract. There were 607 open contracts at this strike prior to today, and today 6220 contract(s) were bought and sold. 
• For HEES (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEES#NASDAQ">HEES</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on February 21, 2025. This event was a transfer of 46 contract(s) at a $90.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $45.5K, with a price of $990.0 per contract. There were 6477 open contracts at this strike prior to today, and today 1071 contract(s) were bought and sold. 
• Regarding LUNR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>), we observe a call option sweep with bearish sentiment. It expires in 122 day(s) on June 20, 2025. Parties traded 200 contract(s) at a $20.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $123.0K, with a price of $615.0 per contract. There were 3225 open contracts at this strike prior to today, and today 522 contract(s) were bought and sold. 
• For GD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>), we notice a call option trade that happens to be neutral, expiring in 3 day(s) on February 21, 2025. This event was a transfer of 247 contract(s) at a $245.00 strike. The total cost received by the writing party (or parties) was $33.3K, with a price of $135.0 per contract. There were 38 open contracts at this strike prior to today, and today 257 contract(s) were bought and sold. 
• Regarding UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we observe a call option trade with neutral sentiment. It expires in 304 day(s) on December 19, 2025. Parties traded 50 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $263.0K, with a price of $5260.0 per contract. There were 4564 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• Regarding RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on February 21, 2025. Parties traded 388 contract(s) at a $124.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $62.8K, with a price of $162.0 per contract. There were 1170 open contracts at this strike prior to today, and today 74 contract(s) were bought and sold. 
• For FLR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>), we notice a put option trade that happens to be bearish, expiring in 58 day(s) on April 17, 2025. This event was a transfer of 48 contract(s) at a $57.50 strike. The total cost received by the writing party (or parties) was $88.3K, with a price of $1840.0 per contract. There were 128 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold. 
• For ETN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on February 21, 2025. This event was a transfer of 35 contract(s) at a $350.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $118.7K, with a price of $3400.0 per contract. There were 227 open contracts at this strike prior to today, and today 35 contract(s) were bought and sold. 
• For GEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>), we notice a call option trade that happens to be bullish, expiring in 3 day(s) on February 21, 2025. This event was a transfer of 25 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $187.5K, with a price of $7500.0 per contract. There were 439 open contracts at this strike prior to today, and today 25 contract(s) were bought and sold. 
• Regarding AXON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>), we observe a call option trade with bearish sentiment. It expires in 395 day(s) on March 20, 2026. Parties traded 1 contract(s) at a $500.00 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $26250.0 per contract. There were 1 open contracts at this strike prior to today, and today 8 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AXON

HEES

LUNR

UBER

10 Industrials Stocks Whale Activity In Today's Session

Defense stocks including Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) RTX Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) and Northrop Grumman Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) are trading higher Tuesday following reports the U.S. is considering allowing Europe to purchase American-made<a href="https://www.benzinga.com/news/global/24/12/42280373/us-announces-725-million-arms-package-for-ukraine"> arms for Ukraine</a>. 
What Happened: According to a Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-02-16/trump-opens-door-to-europe-buying-us-made-weapons-for-ukraine?embedded-checkout=true">report</a>, U.S. President Donald Trump has said he&#8217;s open to letting Europe buy U.S.-made weapons for Ukraine as his administration aims to bring an end to the ongoing war.
The report indicates that the move would allow Ukraine to use U.S. weapons despite the recent withdrawal of military support for Ukraine. Even if Trump cuts off U.S. aid, Ukraine may still be able to access American weapons. 
Defense stocks faced selling pressure last week after Trump suggested that the U.S. could cut defense spending by as much as 50%, per <a href="https://www.cnbc.com/2025/02/13/defense-stocks-drop-after-trump-says-defense-spending-could-be-halved.html">CNBC</a>.
&#8220;At some point, when things settle down, I'm going to meet with China and I'm going to meet with Russia, in particular those two, and I'm going to say there's no reason for us to be spending almost $1 trillion on the military &#8230; and I'm going to say we can spend this on other things,&#8221; Trump reportedly said.
&#8220;When we straighten it all out, then one of the first meetings I want to have is with President Xi of China and President Putin of Russia, and I want to say let's cut our military budget in half. And we can do that, and I think we'll be able to do that.&#8221;
Check This Out: <a href="https://www.benzinga.com/25/02/43786178/oxyta-preview#google_vignette">Warren Buffett Keeps Buying Occidental: Will Q4 Earnings Prove Him Right?</a>
Trump went back and forth on military spending during his 2024 campaign and has continued to send mixed signals in the early part of his presidency. The latest comments on U.S.-made weapons for Ukraine appear to be boosting defense names in a headline-driven market Tuesday morning. 
Officials from the U.S. and Russia also reportedly <a href="https://www.benzinga.com/news/global/25/02/43787369/us-russian-officials-begin-ukraine-peace-talks-defense-sector-stocks-rise">held peace talks</a> on Tuesday to kick off discussions aimed at ending the war in Ukraine. Reports indicate that officials from Europe or Ukraine were not present at the meeting. 
LMT, RTX, NOC Price Action: At publication time, Lockheed Martin shares were up 1.72% at $430.46, RTX shares were up 1.58% at $124.34 and Northrop Grumman shares were up 1.26% at $443.87, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/global/25/02/43787369/us-russian-officials-begin-ukraine-peace-talks-defense-sector-stocks-rise">US, Russian Officials Begin Ukraine Peace Talks: Defense Sector Stocks Rise</a></li>
</ul>
Photo: courtesy of Lockheed Martin.

Global

Lockheed Martin, RTX, Northrop Grumman Shares Are Moving Higher Tuesday: What's Going On?

Officials from the United States and Russia held peace talks on Tuesday without the presence of Ukrainian<a href="https://www.benzinga.com/news/treasuries/25/02/43776075/us-stocks-likely-to-open-higher-amid-ukraine-peace-talk-hopes-as-russian-american-officials-meet"> or European officials.&nbsp;</a>
The Details: U.S. officials led by Secretary of State Marco Rubio met with Russian officials led by Foreign Minister Sergey Lavrov in Saudi Arabia to begin discussions to end the war in Ukraine.&nbsp;
The talks between the groups are also intended as "trust-building" and could lay the groundwork for a future meeting between President Donald Trump and Russian President Vladimir Putin.
Ukrainian President Volodymyr Zelenskyy has said his country would not accept a peace deal negotiated without Ukrainian involvement, though Trump has vowed that Ukraine will be involved in the process.
Read Next: <a href="https://www.benzinga.com/25/02/43703014/robert-f-kennedy-confirmed-as-trump-secretary-of-health">Robert F. Kennedy, Vaccine Skeptic, Confirmed As Trump&#8217;s Secretary Of Health: Health Care Stocks To Watch</a>
There were no European representatives present at Tuesday's talks. However, <a href="https://www.ft.com/content/1924c2b3-4d14-46d6-84d1-b47073b6f55b">according </a>to the Financial Times, the U.S. State Department sent written requests last week asking European governments to outline their potential contributions to a peace deal—ranging from weaponry to peacekeeping forces and security arrangements for Ukraine.
Expert Ideas: Experts are predicting increased defense spending after French President Emmanuel Macron invited European leaders to a security summit on Monday, ahead of Tuesday's talks between Russia and the U.S.&nbsp;
"The emergency defense summit in Paris on Monday on the eve of negotiations over the war in Ukraine strongly implies that a large increase in defense spending among European Union nations is coming,"&nbsp; said Joseph Brusuelas, chief economist at RSM.&nbsp;
Bloomberg reported that defense spending could increase by as much as $3.1 trillion over the next ten years, Brusuelas noted. Stocks in the defense sector are reacting positively to the latest geopolitical developments. 
Stocks To Watch: Shares of RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) and Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), the largest defense contractor in the U.S., are climbing Tuesday as investors anticipate potential orders and contracts related to increased spending from European nations.&nbsp;
Investors can monitor the broader defense sector through the iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) which tracks the Dow Jones US Select Aerospace &amp; Defense Index and the Global X Funds Global X Defense Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHLD#NYSE">SHLD</a>), which offers exposure to both developed and emerging market companies in the defense technology sector.
Read Next:
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<li><a href="https://www.benzinga.com/news/global/25/02/43732115/explosion-rocks-chernobyl-nuclear-site-as-zelenskyy-signals-readiness-for-peace-talks">Explosion Rocks Chernobyl Nuclear Site As Zelenskyy Signals Readiness For Peace Talks</a>&nbsp;</li>
</ul>
Image: Shutterstock

SHLD

US, Russian Officials Begin Ukraine Peace Talks: Defense Sector Stocks Rise

WIIM

Shares of US defense stocks are trading higher following reports suggesting Trump is open to allowing Europe to purchase American-made arms for Ukraine. It was also reported Taiwan is considering arms purchases from the US.

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The RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) Board of Directors has elected President and Chief Executive Officer Christopher T. Calio as Chairman of the Board, effective April 30, 2025.
This action follows notice to the Board by Gregory J. Hayes, RTX Executive Chairman, of his decision to step down as Executive Chairman and as a member of the Board prior to the company's 2025 annual meeting.
Mr. Hayes has served as Executive Chairman of the Board since May 2024. Prior to that, he served as President and CEO of RTX, following the 2020 merger of Raytheon Company and United Technologies, where he was Chairman and CEO.

Management

RTX Board Elects Christopher T. Calio As Chairman, Effective April 30, 2025.

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/01/30/final-trades-alphabet-rtx-baker-hughes-and-the-igv.html">Halftime Report Final Trades</a>,&#8221; Jim Lebenthal of Cerity Partners said he likes Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>).
Supporting his view, Oppenheimer analyst Jason Helfstein, on Thursday, maintained Alphabet with an Outperform rating and raised the price target <a href="https://www.benzinga.com/quote/GOOGL/analyst-ratings">from $215 to $225</a>.
Kevin Simpson of Capital Wealth Planning said RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) has incredible free cash flow and is around 55% higher than last year. The company also has dividend growth for 31 years in a row.
Adding support to this choice, Wells Fargo analyst Matthew Akers, on Thursday, maintained RTX with an Overweight rating and raised the price target from $151 to $156, while Bank of America Securities analyst Ronald Epstein maintained the stock with a Buy and boosted the price target from $145 to $155.
On Tuesday, the company said net sales increased 9% year-over-year (Y/Y) to $21.623 billion, beating the consensus of $20.535 billion. Adjusted EPS grew 19% Y/Y to $1.54, above the consensus of $1.38.
 Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>.
In the energy sector, Joshua Brown of Virtus Investment Partners picked Baker Hughes Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NYSE">BKR</a>).
Supporting his view, Goldman Sachs analyst Neil Mehta, on Jan. 23, maintained Baker Hughes with a Buy and raised the price target from $51 to $52.
Rounding out the trades, Liz Young Thomas of SoFi named iShares Expanded Tech-Software Sector ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGV#NYSE">IGV</a>), saying it's the next beneficiary of this AI theme.
Price Action:
<ul>
<li>Alphabet shares gained 2.8% to close at $200.87 on Thursday.</li>
<li>RTX shares climbed 3.1% to settle at $128.98 during Thursday's session.</li>
<li>iShares Expanded Tech-Software Sector ETF fell 0.7% during the session.</li>
<li>Baker Hughes shares rose 3.5% to close at $44.60 on Thursday.</li>
</ul>
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</ul>
Image: Shutterstock

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Alphabet, RTX, Baker Hughes And More On CNBC's 'Final Trades'

Wells Fargo analyst Matthew Akers maintains RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) with a Overweight and raises the price target from $151 to $156.

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