RTX and Northrop Grumman raise 2026 profit outlooks on military rearmament demand

Defense giants RTX Corp. (RTX) and Northrop Grumman (NOC) raised their 2026 profit forecasts in respective earnings reports on Tuesday morning, as global conflict and geopolitical uncertainty continue to provide a boon for some of the largest weapons suppliers to the US military. RTX Corp. is now projecting full-year 2026 adjusted earnings per share (EPS) of $7.65 to $7.75 per share, compared to a previous range of $7.10 to $7.25 per share. Full-year revenue projections also rose, now forecast at $97 billion to $97.5 billion for 2026, up from the prior forecast of $95 billion to $96 billion.