The F-35 Lightning II is the most advanced and capable fighter jet in the United States Air Force (USAF) (with the possible exception of the F-22 Raptor), as well as the linchpin of the air power strategy of multiple North Atlantic Treaty Organization (NATO) allies. Multiple US allies across the globe have been quick to point to the aircraft's impressive success, especially in the recent conflict in the Middle East.
As a result, demand for the aircraft, both from the United States and abroad, has led to a steady flow of revenue for US-based defense contractors. RTX Corporation (NYSE: RTX), which builds the engines for the advanced fighter, has been one of the biggest beneficiaries of this demand. Earlier today, Reuters reported that RTX had announced a new $2.9 billion order fo