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Why RTX (RTX) Stock Is Up Today
Shares of aerospace and defense company Raytheon (RTX) rose 4.5% due to heightened geopolitical tensions involving the US, Israel, and Iran, which often lead to increased military spending. This marks a new 52-week high for RTX, showcasing the “safe haven” appeal of defense stocks during global uncertainty. The stock has gained 13.7% since the start of the year.