RTX Corporation reported a strong quarter with 10% organic sales growth and 21% adjusted EPS growth, driven by defense spending and robust commercial aftermarket sales. Despite beating estimates, shares dropped 4.4% due to modest guidance increases that fell short of analyst expectations. The company faces near-term risks from supply chain issues and cost inflation but maintains a positive outlook with a new price target implying 31% upside and strong free cash flow growth over three years.
Raytheon successfully demonstrated its Next Generation Short Range Interceptor (NGSRI), designed to replace the Stinger missile for the U.S. Army. The demo showed the missile's improved range, precision, and lethality, using advanced optics and a new...
Pratt & Whitney has enhanced its engine inspection process by acquiring Amsterdam-based Aiir Innovations and integrating its AI-assisted borescope software. This technology improves the consistency and efficiency of inspections for commercial, civil,...
