RTX Profit Jumps 20% on Aviation Strength, Military Demand

RTX Profit Jumps 20% on Aviation Strength, Military Demand

By Pratyush Thakur and Mike Stone(Reuters) – Aerospace and defense major RTX on Tuesday reported a 20% jump in its first-quarter profit, helped by robust commercial aftermarket business and military equipment demand.The Arlington, Virginia-based company reported net income of $1.71 billion, or $1.28 per share, for the quarter ended March 31, compared with $1.43 billion, or 97 cents per share, a year earlier.The aftermarket business gained as airlines had to extend the service life of…
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Source: https://money.usnews.com/investing/news/articles/2024-04-23/rtx-profit-jumps-20-on-aviation-strength-military-demand