From Yahoo Finance: 2025-04-22 07:00:00

RTX reported a higher first-quarter profit and reaffirmed its annual outlook, with strong demand for jet repair offsetting weaker defense sales. Total revenue was $20.31 billion, an increase from last year. Collins Aerospace and Pratt and Whitney units saw revenue rises, while Raytheon’s defense unit reported a 5% sales decline.

Pratt is conducting inspections for potentially flawed engine components, grounding hundreds of planes. Defense contractors, benefiting from geopolitical tensions, may see a boost from Trump’s review on military equipment export rules. Experts suggest a higher defense budget supports backlog, ensuring stability in revenues for key government programs.

Read more: RTX posts higher quarterly profit on strong demand for jet services