News Summary

• The Pentagon has been seeking to replenish its weapons inventory, which has come under pressure due to the Iran war and other recent military operations.RTX has also gained from robust demand for aircraft maintenance and repair, as delivery delays and supply-chain disruptions keep airlines flying older, more maintenance-heavy jets.
• In April, RTX secured a contract to supply Patriot GEM-T interceptor missiles worth $3.7 billion to Ukraine.
• Its Raytheon business, which makes air and missile defense, sensors ‌and radars, as well as ‌space-based systems, reported a 10% jump in first-quarter sales to $6.95 billion.