What Happened
Defense Giants Boost Forecasts Amid Military Rearmament Demand
RTX Corp. and Northrop Grumman have raised their 2026 profit forecasts, citing robust demand for their products amid global conflict and geopolitical uncertainty. RTX now projects adjusted earnings per share of $7.65 to $7.75 and revenue of $97 billion to $97.5 billion, while Northrop Grumman expects earnings per share of $29.35 to $29.75 and sales of $43.75 billion to $44.25 billion. The companies’ strong performance is driven by significant defense contracts, including missile production and development of advanced weapons systems. This news was first reported by Yahoo Finance.