U.S. aerospace and military contractors raise 2026 profit forecasts
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Published: October 20, 2026 at 2:58p.m. EDTNorthrop Grumman and RTX raised their annual profit forecasts on Tuesday, helped by robust demand from military programs that pushed their backlogs to record levels. Sustained demand for commercial aerospace services also fueled growth, both at RTX and rival engine maker GE Aerospace, which lifted its full-year forecast for a second time this year. Northrop shares jumped by 7.2 per cent in early trading and RTX gained 2.4 per cent while GE Aerospace lost 4.9 per cent on lower than expected implied fourth-quarter earnings. Geopolitical backdrop brings sustained military spendingThe results add to strong performances among U. S. aerospace and defence contractors, supported by airline maintenance spending, growing demand for aircraft engines and parts and sustained military spending at a time of heightened geopolitical tensions around the globe. Sales at RTX’s Raytheon climbed 14 per cent, driven by higher volume in naval programs and land and air defence systems, including Patriot, Standard Missile and Tomahawk.
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