Rising geopolitical tensions related to the collapse of the government in Afghanistan might work favorably for the aerospace and defense industry. In addition, because Pentagon leaders are requesting additional funding in the fiscal 2022 defense budget, the industry could benefit. The U.S. aerospace and defense market is projected to grow at a 2.4% CAGR to $550.78 billion by 2030. So, both RTX and GD should benefit.
While RTX has delivered 19.9% returns year-to-date, GD has surged 33.9% in price. In terms of their past month’s performance, GD is a clear winner with 3.9% gains versus RTX’s negative returns. But, which of these stocks is a better pick now? Let’s find out.