missile defense systems: RTX beats estimates on military demand, aviation strength
RTX, a major aerospace and defense company, surpassed first-quarter earnings expectations due to demand for missile defense systems and a strong commercial aftermarket business. The aftermarket business benefited from airlines extending the service life of aircraft amid the recovery in air travel and limited availability of new planes. Pratt and Whitney, a subsidiary of RTX, reported a sales increase of 23%, despite ongoing inspections for potentially flawed components in its GTF jet engines.
Source: indiatimes.com
