Results for: Aerospace and Defense

RTX Corporation, previously known as Raytheon Technologies, reported impressive first-quarter results, surpassing expectations on both revenue and earnings. Despite facing challenges with its GTF engine program, the company’s sales grew by 12%, led by strong performance in its Collins Aerospace and Pratt & Whitney segments. Adjusted earnings per share increased by 10%, while GAAP EPS surged by 32%. The company expects continued growth in the coming years, with organic sales growth in all segments and a positive earnings outlook. Analysts remain bullish on RTX stock, citing its strong backlog and demand in commercial and military end markets. Despite near-term pressures related to the GTF engine replacements, RTX remains a promising investment with a $125 price target for 2024.

RTX Corporation (RTX) reported solid financial results for the first quarter of fiscal year 2024, with adjusted net sales growing 12% year-over-year (Y/Y) to $19.3 billion, exceeding analyst expectations of $18.4 billion. The company’s operating segments, Collins Aerospace, Pratt & Whitney, and Raytheon, all contributed to the overall growth.

Lockheed Martin Corporation (LMT) reported a strong financial performance in the first quarter of 2024, surpassing analyst estimates for both earnings per share (EPS) and revenue. The company’s EPS reached $6.33, exceeding the $5.80 consensus estimate, while revenue climbed to $17.2 billion, surpassing the $16.02 billion forecast. Lockheed Martin attributed this growth to significant year-over-year sales increases and a commitment to shareholder returns through dividends and share repurchases.

Boeing’s upcoming earnings call will be closely watched by investors hoping for strong results to counter recent safety concerns. The company has faced criticism and federal investigations, leading to a 32.5% stock drop since January. Despite this, analysts remain cautious, citing increased expenses and decreased aircraft deliveries as potential negative factors. However, stronger sales in higher-revenue segments could offset these issues. Boeing’s legal troubles and CEO departure have also impacted its image and public trust.