Reported about 1 month ago
RTX has upgraded its 2024 profit and revenue forecasts for the second time, driven by strong demand for aircraft repairs and defense systems. The aerospace and defense giant anticipates an adjusted profit per share between $5.50 and $5.58, while revenue is expected to range from $79.25 billion to $79.75 billion. The company's quarterly earnings surpassed expectations, fueled by increased air travel, extended aircraft service lives, and heightened defense spending amid global tensions.
Source: YAHOO