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Arlington, Virginia-based RTX Corporation (RTX) operates as an aerospace and defense company. It focuses on advancing aviation, building smarter defense systems and creating innovations to take humanity deeper into space. With a market cap of $162.2 billion, RTX employs over 185,000 people across its Collins Aerospace, Pratt & Whitney and Raytheon businesses.
Companies worth $10 billion or more are generally described as "large-cap stocks," and RTX fits this bill perfectly. Given its dominance in the defense and aerospace industry, its valuation above this mark is not surprising. The company’s defense products and technology protect approximately 50% of the world's population and support 90% of the Department of Defense and commercial space launches, and 70% of the airborne communications for the U.S. and allied nations.
