Western defense firms are partnering with Ukrainian companies to learn from wartime production. A Ukrainian official said Western firms want to move faster and build under attack.
The launch of a new generation of aircraft is setting up a "once-in-a-lifetime" tussle over how billions of dollars of future revenues will be divided within the aviation sector, with planemakers eyeing a slice of engine makers' lucrative service fees.
Ukrainian President Volodymyr Zelenskiy said on Thursday the U.S. aerospace and defence company Raytheon had expressed an interest in joint production of Patriot interceptors, as Kyiv seeks to bolster air defences against escalating Russian ballistic missile attacks.
The world's two biggest defense contractors, Lockheed Martin and RTX, said on Thursday they expect strong profits going forward because a wave of global conflicts from Iran to Ukraine has depleted Pentagon stockpiles that will need replenishing.
RTX Corp (NYSE:RTX, XETRA:5UR) shares rose about 8% in early trading Thursday after the aerospace and defense company reported better-than-expected second quarter results and raised its full-year 2026 outlook. The company reported adjusted earnings per share of $1.89 on revenue of $24.7 billion for the quarter, ahead of analyst expectations for adjusted EPS of $1.66 on revenue of $22.88 billion...
RTX reported second-quarter earnings per share of $1.89. Wall Street was looking for $1.66.
Lockheed Martin and RTX both rose more than 5% before the market open. Their stocks are taking very different directions.