RTX Corporation (RTX): The Powerhouse Behind Cutting-Edge Military Robotics [Yahoo! Finance]
RTX Corporation (RTX)
Company Research
Source: Yahoo! Finance
RTX Corporation (NYSE:RTX) stands against other most promising robotics stocks according to hedge funds. The robotics industry was once considered to eat human jobs and replace them with machines. However, robotics is not about replacing humans but it's about improving and automating human tasks to reduce time and improve task efficiency. The AI boom has accelerated the adoption of automation in organizations. Companies, especially after the launch of ChatGPT, have been relying on generative AI services. Now, we are experiencing robotics alongside AI, a revolutionary development. Hospitality, agriculture, professional cleaning, automotive, and medical are some of the biggest industries using robots. According to the International Federation of Robotics (IFR), the sales of professional service robots soared by 30% in 2023 worldwide. IFR's statistics department registered over 205,000 robotics units in 2023, with the Asia-Pacific region recording the highest sales in the world. The
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News
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RTX
Earnings
- 10/22/24 - Beat
RTX
Sec Filings
- 10/22/24 - Form 10-Q
- 10/22/24 - Form 8-K
- 10/16/24 - Form 8-K
- RTX's page on the SEC website