RTX vs. LHX: Which Aerospace Player Holds Stronger Momentum Right Now?

Xpeng (XPEV), On Holding (ONON), and L3Harris (LHX) hit 52-week lows. XPEV's Q2 revenue rose 49.7% to $2.91B, but net loss widened to RMB 1.34B. Analysts cut XPEV's price targets. ONON fell on weak footwear demand. LHX declined amid spending concerns and leadership changes.

RTX (RTX) shares fell 6.7% following significant defense contract wins, including a $22.90 billion Tomahawk missile deal and F-35 system advancements. The company projects $111.8 billion revenue and $10.9 billion earnings by 2029, suggesting 10% upside. Analysts note risks like supply chain pressures and potential shifts in defense spending.

RTX Corp (RTX) secured a $603M contract for B-52 radar systems, extending through 2031. GF Value™ rates RTX 36.7% overvalued at $210.28 vs. $153.81 intrinsic value. RTX has a GF Score™ of 84/100, with strong profitability and growth but moderate valuation. Insiders sold $45.9M in shares, with no purchases in the past year.

RTX's Raytheon unit secured a U.S. Air Force contract worth up to $603 million. The deal covers production and maintenance of radars for B-52 aircraft. Work will occur in multiple U.S. locations and is scheduled to conclude by August 2031, according to the Defense Department.

L3Harris Technologies (LHX) reported Q2 FY2026 revenue of $5.88B, up 8.4%, and EPS of $3.13, up 28.3%. Despite growth, shares fell 2.5% post-earnings. Analysts project 10.7% EPS growth for FY2026. The stock has underperformed the S&P 500 and ITA ETF over the past year. Deutsche Bank lowered its price target to $268, maintaining a 'Hold' rating. The mean price target is $366.78, implying 37.5% upside.

RTX and Lockheed Martin are key players in the U.S. missile production buildup, with RTX winning a $22.9B Navy deal and Lockheed holding a $58.6B Patriot agreement. Both companies have multi-year contracts. Analysts see 9.26% upside for RTX and 12.20% for Lockheed. Production capacity is a key risk.