Just because kids aren't hiding under their desks during atomic bomb drills at school anymore doesn't mean the world has gotten any safer. If anything, it's gotten more dangerous. The threat of nuclear war remains very much alive, and many new threats have emerged since kids sat under their desks to protect themselves from Soviet missiles. Our nation and others are constantly under threat of cyberattack, and we also have to be on the lookout for chemical, biological and other types of weapons we couldn't have imagined 20 or 30 years ago. As a result, the defense industry is booming. And that has helped Raytheon Technologies (NYSE: RTX) grow its dividend every year since 2005. For clarity, Raytheon Technologies is the result of a 2020 merger between Raytheon Company and United Technologies. Regardless, in both its past and present forms, Raytheon has continually grown its dividend. And the company has boosted it twice since the merger - by 8% each time. Raytheon's customers include the U.S. government and many other national governments. The company makes a wide variety of products used in defense. Its offerings include military engines, missile warnings systems, cyber defense systems, precision-guided weapons and many others. All that production adds up to a lot of free cash flow. | 
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