Monster insider trading alert for Raytheon stock as RTX lands $1B Air Force contract

As insider traders continue using their position and exclusive information to trade stocks to their advantage, the most recent development related to Raytheon Technologies (NYSE: RTX) could benefit multiple politicians on both sides of the United States political arena.

Specifically, Raytheon has just landed a $1 billion contract with the U.S. Air Force to provide “Group B hardware, spares, and support equipment,” which should significantly impact the defense contractor’s stock price and, by extension, benefit its investors.

According to an August 29 report:

“This contract provides for the F-22 sensor enhancements program that is designed to improve the F-22 sensor capabilities. Work will be performed in McKinney, Texas, and is expected to be completed by May 8, 2029.”

Raytheon stock insider trading

Interestingly, RTX stock has been among the favorite picks by U.S. congress members since 2023, many of which sit on defense boards, according to the data shared by trading platform TrendSpider in late July, which also observed that they “saw global tensions rising, and used it to their advantage.”

Indeed, the U.S. politicians who could profit from Raytheon’s recent Air Force deal include Republican House member Kevin Hern and his colleague Dan Newhouse, Democrat House member Earl Blumenauer, Republican Senator Markwayne Mullin, and Democrat Senator Thomas R. Carper.

For instance, Senator Mullin, who is also a member of the Armed Services Committee overseeing the U.S. Department of Defense, made a large RTX stock purchase back in October last year. Since then, the price of Raytheon shares has risen 73%, as Quiver Quantitative observed on August 29.

Raytheon stock price analysis

Meanwhile, Raytheon stock has just hit its new all-time high (ATH) of $122.29, which reflects an increase of 1.20% on the day, a 3.57% gain across the week, an accumulated growth of 4.63% on its monthly chart, and a 43.50% upward move year-to-date, advancing to an even higher $122.70 in pre-market trading.

It is also worth noting that, earlier in August, Finbold reported on Raytheon being one of the defense stocks that rallied even as the majority of assets in the stock market were crashing thanks to the rising geopolitical tensions that had seen new war fronts arise or threaten to appear.

Elsewhere, Wall Street analysts have set the average 12-month RTX stock forecast at $123.25, which would indicate an increase of 0.79% from its current price, as well as rating it with a ‘moderate buy’ score, with six recommending a ‘buy,’ five suggesting a ‘hold,’ and only one ‘sell’ call.

Ultimately, while it is difficult to make any specific targets on the RTX stock forecast, data demonstrates that many U.S. politicians are bullish on its future. That said, doing one’s own research when investing is critical, as trends in the stock market can change quickly and significantly.

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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.