Raytheon Is Winning Billions in Defense Contracts — Should You Buy RTX Stock? Raytheon's recent string of multi billion dollar contracts has sent shockwaves through the defense industry.
The company's $119 billion defense backlog and book to bill ratio of 2. 4 indicate a significant increase in demand for its products, including missiles and air defense systems.
This trend is not new; governments around the world are increasing their defense spending, creating a lucrative market for companies like Raytheon.