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0.000493339911198788 0.00148001973359636 -0.000986679822397716 -0.00582141095214606 -0.00631475086334485 -0.0133201776023681 0.0158362111494819 0.00838677849037981
Stock impact report

UPDATE 1-RTX beats estimates on military demand, aviation strength [Yahoo! Finance]

RTX Corporation (RTX) 
Company Research Source: Yahoo! Finance
Aerospace and defense major RTX on Tuesday beat first-quarter earnings estimates, helped by demand for missile defense systems and strength in the commercial aftermarket business. The aftermarket business gained as airlines had to extend the service life of aircraft to keep up with the recovery in air travel amid the limited availability of new commercial planes. The Arlington, Virginia-based company reported revenue of $19.3 billion on a per-share profit of $1.34 for the quarter. Analysts on average had expected revenue of $18.41 billion and earnings of $1.23 per share, as per LSEG data. Pratt and Whitney, a subsidiary of RTX, reported a sales rise of 23% amid the ongoing inspection drive in GTF engines. "We are making progress on ... our GTF fleet management plans, which remain on track," Chief Operating Officer Chris Calio said in a statement. Following a quality crisis in some GTF engines last year, RTX estimated grounding of 350 jets annually from 2024 through 2026, Show less Read more
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