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Business/Financial

Earnings Dip Despite Higher Sales At RTX On Divestiture; Sees Potential $850 Million Hit From Tariffs

By Cal Biesecker

Tuesday, April 22nd, 2025

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Earnings Dip Despite Higher Sales At RTX On Divestiture; Sees Potential $850 Million Hit From Tariffs

Christopher Calio, president and CEO of RTX. Photo: RTX

RTX [RTX] on Tuesday reported solid sales gains in its first quarter but earnings fell due to the divesture a year ago of its former Cybersecurity, Intelligence and Services business. The company also outlined $900 million in potential tariff impacts to its operating profit in 2025 related to U.S. and reciprocal duties with major trading partners, in particular China, Canada, Mexico, and the European Union related to President Trump’s trade war with most of the world. Various mitigations such as…

Congress

HASC Bill Would Allow Air Force To Buy More Than 267 F-15EXs

The House Armed Services Committee’s (HASC) fiscal 2027 defense authorization bill would allow the Air Force to buy more than 267 F-15EX fighters by Boeing [BA] and would extend the […]

Budget

Defense Bill Tries To Block Foreign Shipbuilding, Adds $1 Billion For Second DDG

The final version of the House Armed Services Committee’s (HASC) fiscal year 2027 defense authorization bill included two amendments pushed by Rep. Jared Golden (D-Maine) that restrict procuring Navy warships […]

Congress

Replacement Munitions May Not Be One-for-One; May Include New Weapons Chemistries, Wittman Says

As the Pentagon looks to refill inventories of weapons used in Iran and elsewhere, replacements may not be one for one but instead mark a new portfolio mix, according to […]

Congress

HASC Approves $1.15 Trillion FY ‘27 NDAA With ‘Right To Repair’ Reform

The House Armed Services Committee (HASC) has approved its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA), with the panel moving to adopt a bipartisan […]