New York, February 2, 2026, 16:29 (EST) — Trading after hours
- After a volatile day, RTX shares inched up roughly 0.1% during after-hours trading.
- BofA Securities reaffirmed its Buy rating, maintaining a $230 price target.
- Raytheon, part of RTX, revealed fresh contracts with the Defense Advanced Research Projects Agency and reported advances on a U.S. Army missile initiative.
RTX shares nudged up 0.1% to $201.09 in after-hours trading Monday, following a note from BofA’s Ronald Epstein and new updates from the company’s defense division. During regular hours, the stock fluctuated between $197.46 and $201.65.
Investors are adjusting valuations of major U.S. defense firms amid calls for quicker production. Donald Trump has signaled potential curbs on dividends and share buybacks to push contractors into speeding up weapons deliveries, according to a Reuters report.
On the aerospace front, supply-chain snags remain a thorn, cutting into both deliveries and upkeep. “This disruption continues to have a major impact,” said Willie Walsh, director general of the International Air Transport Association, speaking as aviation executives met before the Singapore Airshow. Engine manufacturers such as GE Aerospace and RTX’s Pratt & Whitney are still balancing new-build orders with repair workloads. Reuters
RTX announced Monday that Raytheon has been chosen by DARPA to create an advanced sensing and targeting system to shield commercial shipping and naval logistics vessels from evolving dangers like unmanned surface vehicles—essentially drone boats. The system will integrate electro-optical and infrared sensors, which detect light and heat, linked to command-and-control software. These sensors will be deployed using a tethered drone.
Raytheon announced it has completed a ballistic test for the U.S. Army’s Next Generation Short Range Interceptor, designed to replace the Stinger missile. Tom Laliberty, president of Land and Air Defense Systems at Raytheon, emphasized the company’s focus on “rapid learning and testing” as it collaborates with the Army on the program’s timeline. The company also noted it partnered with Northrop Grumman in 2025 to test solid rocket-motor technology linked to the project. RTX
On the Street, BofA bumped its price target to $230 from $215, maintaining a Buy rating, according to a summary cited by TheFly. The analyst noted that both domestic and international demand remain strong across segments, summing up the cycle in a single word: “more.” TipRanks
But the risk hasn’t vanished. Defense programs often drag, with tests and selections not always translating quickly into funded production. Budgets and politics can also push procurement timetables around. On the commercial front, investors still watch closely for any hint that supply issues—or engine-service hold-ups—are easing more slowly than anticipated.
Traders are set to track headlines from the Singapore Airshow, taking place Feb. 3-8, for any contract news or operational updates that might influence estimates in the following U.S. session.
