What Happened
Defense Contractor Sees Growth In Missile Systems And Aftermarket Sales
Defense contractor RTX has lifted its 2026 profit and revenue forecasts, citing strong demand for its missile systems and aftermarket sales. The company’s Raytheon business reported a 10% jump in first-quarter sales, driven by a $3.7 billion contract to supply Patriot GEM-T interceptor missiles to Ukraine. RTX’s commercial aftermarket sales also rose 19% in its Pratt and Whitney segment. The forecast revision was reported by Reuters.