RTX and GE Aerospace anticipate $1 billion+ tariff impact; RTX expects $850 million loss.

From CNBC: 2025-04-22 11:38:00

RTX and GE Aerospace expect over $1 billion impact from Trump’s tariffs on imported goods. RTX predicts a $850 million hit this year. GE Aerospace plans to save $500 million through cost-cutting and price increases. The tariffs mark a shift for an industry that has enjoyed duty-free trade for decades.

GE Aerospace CEO Larry Culp met with Trump to discuss the U.S. aerospace sector’s trade surplus. Boeing, a major customer, will report quarterly results soon. Airlines are cutting domestic capacity plans due to softer demand. United Airlines provided two earnings outlooks for 2025, one in the event of a recession.



Read more at CNBC: RTX, GE Aerospace expect more than $1 billion tariff impact