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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…

HASC Bill Funds Second Destroyer, Adds Several Multi-Ship Procurements, Puts Limits On Battleship

The House Armed Services Committee (HASC) chairman’s mark of the fiscal year 2027 defense authorization act, released May 26, largely approved the Navy’s shipbuilding request, but it added funds to […]

Congress

HASC’s FY ‘27 NDAA Adds More Black Hawks, Chinooks For Army, No Plus-Up For Apaches

The House Armed Services Committee’s (HASC) draft of the next defense policy bill supports hundreds of millions dollars for the Army to buy additional Black Hawk and Chinook helicopters in […]

Congress

HASC’s $1.15 Trillion FY ‘27 Draft NDAA Doesn’t Shift Items Over From Reconciliation Request

The House Armed Services Committee (HASC) on Tuesday unveiled its $1.15 trillion draft of the next defense policy bill, aligning with the White House’s requested discretionary topline while not including […]

Budget

DoD’s Equity Stake In L3Harris Rocket Motor Business Comes At Expense Of Other Suppliers, HASC Warns

A draft defense bill released by the House Armed Services Committee (HASC) on Tuesday says the committee is “concerned” with the Defense Department’s $1 billion equity investment this year in […]