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RTX Corp. (NYSE:RTX) reported strong Q2 results, exceeding earnings and sales estimates. Raised full-year outlook, stock rose 2.1% to $213.50.
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GE Aerospace reported Q2 2026 operating profit of $2.75B, up 18% year-over-year, but operating margins declined 130 basis points to 21.7% due to growth investments and cost inflation. The company raised its 2026 operating profit guidance to $10.55-$10.75B, implying 17% growth at midpoint, driven by strong commercial and defense aerospace demand and higher LEAP engine deliveries.
Read original at zacks-investment-researchThe article compares two aerospace ETFs: iShares U.S. Aerospace & Defense ETF (ITA) and U.S. Global Jets ETF (JETS). ITA focuses on defense contractors and aerospace manufacturers with a lower 0.37% expense ratio, higher 1-year return of 22.9%, and lower volatility (beta 0.74). JETS concentrates on commercial airlines with a higher 0.6% expense ratio and 16.9% 1-year return but greater volatility (beta 1.18). The article recommends ITA as the better long-term investment due to superior historical performance and stability.
Read original at the-motley-foolTrump-backed rare earth funding strengthens the U.S. defense supply chain. Lockheed Martin, RTX, Northrop investors should pay attention.
Read original at benzingaPhiladelphia Fed factory activity jumped to 47.4 in August versus 25.0 expected, and six-month optimism hit its highest level since 1983.
Read original at benzinga