RTX and Lockeed Martin exceed Wall Street expectations for latest quarter amid wars in Gaza and Ukraine
“Exceptionally strong” demand boosted sales at two US defense giants, the companies announced on Tuesday as geopolitical tensions flare in the Middle East and Ukraine continues to fight Russia’s invasion.
RTX and Lockheed Martin exceeded Wall Street’s expectations for the latest quarter as conflicts including Israel’s war on Gaza prompted countries to bolster arms spending, both by striking new deals and accelerating established contracts.
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