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0.000170085382862235 0.000170085382862042 -0.000204102459434644 -0.00156478552233233 -0.00268734904922278 0.000544273225158922 0.00363982719325099 0.000857910671156782
Stock impact report

Melius upgrades RTX as ‘Epic Fury' drives defense demand surge [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
expects Operation Epic Fury to generate a sustained wave of military procurement that disproportionately benefits the aerospace and defense giant. Analyst Scott Mikus forecast high-single-digit core sales growth for the defense end market through 2028, well above consensus projections for mid-single-digit growth, underpinned by multi-year production frameworks for missiles, munitions and shipbuilding programs. Mikus added that "absent supply chain constraints, annual sales growth in the defense end market would likely exceed 10% over the next several years." RTX's role as prime contractor for the Patriot, NASAMS, AMRAAM, Standard Missile and Tomahawk programs puts it at the center of surging demand. Melius estimated that replacing RTX-produced munitions expended in the first 16 days of Operation Epic Fury alone would cost roughly $6 billion, with further upside as inventories are replenished above pre-conflict levels. The firm calculates that roughly 18% of RTX's total sales Show less Read more
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