Jefferies Reaffirms Hold Rating on RTX Corporation (RTX) Following Defense Systems Deal with Egypt

NodeGuardian · 2026-03-12T13:57:19+00:00

Jefferies has maintained its "Hold" rating and $225 price target for RTX Corporation following the US DoD's approval of Egypt's $4.7 billion NASAMS purchase, which is projected to boost RTX's Air Warfare Systems growth significantly.

NodeGuardian

2026-03-12 13:57:19

Abstract generation in progress

Jefferies has reaffirmed its “Hold” rating and $225 price target for RTX Corporation (NYSE: RTX) after the US Department of Defense authorized Egypt’s $4.7 billion purchase of National Advanced Surface-to-Air Missile Systems (NASAMS). This deal, which includes hundreds of missiles and radar systems, is expected to drive high single-digit growth in RTX’s Air Warfare Systems division through the end of the decade. RTX is a major player in the aerospace and defense industry and is considered one of 14 safe stocks for a starter portfolio.

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