Sign In
Search
Business/Financial

RTX Bounces Back With Strong Third Quarter Driven By Commercial And Defense Work

Cal Biesecker By
SHARE:
RTX Bounces Back With Strong Third Quarter Driven By Commercial And Defense Work
Christopher Calio, president and CEO of RTX. Photo: RTX

After being pummeled a year ago due to charges related to work on commercial aircraft engines, RTX [RTX] on Tuesday posted strong results in its third quarter led by gains in defense and commercial programs. Net income in the quarter swung to a profit of $1.5 billion, $1.09 earnings per share (EPS), versus a loss of $984 million (68 cents EPS) a year ago when contaminants were discovered in metal powder used to manufacture turbine discs in commercial aircraft engines…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Federal Spending On Venture And Private Equity-Backed Companies Increased In FY ‘25

Business/Financial

Davie Defense Breaks Ground On Modernization Of Texas Shipyard

Business/Financial

Motorola Solutions To Acquire Counter-Drone Company D-Fend For $1.5 Billion

Business/Financial

Arxis To Acquire Omnetics Connector And MagCanica For Combined $890 Million

Trending

Elbit America Teams With Anduril On Offering For Army’s Future Howitzer Competition
DroneShield Awarded $13.8 Million By JIATF-401 For Anti-Drone Systems On Southern Border
Low Radar Cross Section Of MQ-28 Ghost Bat Validated, Boeing Says
Northrop Grumman Targets Next Year For On-Orbit SBI “Capability”
Defense Watch: Golden Dome Munitions, Collaborative Autonomy, New Glenn News, P-8 News

Congress Updates

Congress

House Authorizers Retain Battleship Funding, But Want Nuclear-Power Report

The House Armed Services Committee’s (HASC) Thursday markup of the FY 2027 defense authorization bill rejected an amendment to cut funding for the new Trump-class battleship (BBG(X)), but did agree […]

Congress

HASC Rejects $150 Billion Topline Cut, Iran Cost Transparency Proposals At NDAA Markup

The House Armed Services Committee (HASC) on Thursday rejected a Democrat-led proposal to cut the $1.15 trillion fiscal year 2027 National Defense Authorization Act (NDAA) by $150 billion, as the […]

Air Force

HASC Wants Pentagon List Of Critical F-35 Technical Data Rights And Estimate Of Cost To Buy Them For Repairs

The House Armed Services Committee (HASC) wants the Pentagon to inform the committee of critical technical data rights for the Lockheed Martin [LMT] F-35 fighter and how much it would […]

Space

NRO Nominee: “We Have To Look Differently At Our Requirements”

The National Reconnaissance Office (NRO) has said that it has launched more than 200 proliferated low Earth orbit satellites in the last two years to supplement the costly high-end systems […]

The Force Multipliers

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Job Feed

Post a Job // Post a Resume