Shares of RTX Corporation (RTX) are experiencing a surge on Tuesday, driven by reports suggesting that Iran is poised to launch a missile strike against Israel. This news comes after an Israeli airstrike that resulted in the death of Hezbollah leader Hassan Nasrallah, escalating tensions between the two nations.
According to reports from Bloomberg, Iran is preparing for an imminent attack, potentially causing significant repercussions throughout global markets. The United States has responded by increasing its military presence in the region to support Israel’s defense against the potential missile strike. Israel has also taken proactive steps, deploying forces into southern Lebanon and intensifying operations against Hezbollah in response to the escalating threat.
Adding to RTX’s positive performance, its subsidiary, Pratt & Whitney, has secured a substantial $1.3 billion contract for an upgrade to the F135 engine core. This upgrade aims to enhance the engine’s durability, cooling capabilities, and power output for the F-35 aircraft. Furthermore, Raytheon, another subsidiary of RTX, received a $192 million contract from the U.S. Navy for the Next Generation Jammer Mid-Band Expansion (NGJ-MBX), further solidifying its position in the defense sector.
As of Tuesday, RTX Corporation shares have climbed by 2.72%, reaching $124.46 according to Benzinga Pro.
