RTX Corporation (NYSE: RTX) is one of the 10 best American defense stocks to buy, with Citigroup raising its price target to $238 and maintaining a Buy rating. The company reached a seven-year agreement with the Department of War to increase production of Tomahawk and AMRAAM missiles. Production of Tomahawk cruise missiles will increase to over 1,000 units annually, up from about 60 currently. RTX reported strong fourth-quarter results, with total sales growing 12% year-over-year to $24.2 billion, and adjusted EPS beating estimates at $1.55. The company’s 2026 outlook forecasts sales between $92 billion and $93 billion, with adjusted EPS projected to be in the range of $6.60 to $6.80. RTX Corporation operates through Collins Aerospace, Pratt & Whitney, and Raytheon, providing systems and services to commercial, military, and government clients.

Read more at Yahoo Finance: Citigroup Lifts Price Target on RTX Corporation (RTX) to $238, Keeps Buy Rating