Defense Contractors RTX, Lockheed, Grumman Post Mixed Results as Tariffs Loom
1. RTX warns new tariffs may impact operating profit by over $750 million. 2. Shares of RTX fell 9% following the tariff announcement. 3. Northrop Grumman faced significant costs, affecting overall defense sector performance. 4. Lockheed Martin reported strong earnings but still saw stock decline. 5. RTX did not factor recent tariffs into full-year guidance.