With Raytheon Technologies (NYSE: RTX) having released its first-quarter earnings report, it's become clear the recovery in the commercial aerospace market has been a bit slower than many anticipated going into the quarter. Recovery is coming, and it's a case of "when, not if" commercial air travel comes back. In this context, Raytheon's recent earnings help highlight why the stock is an excellent buy for long-term investors.
Major defense stock indices ended in the green in the trailing five trading sessions
Earnings from these industrial giants say something about the sustainability of the economic recovery.