Defense Stocks Tumble After RTX Warns of Tariff Hit
In This Article:
Defense contractors were among the biggest losers in the S&P 500 Tuesday after several of the industry's biggest names reported results, with RTX sounding a warning on tariffs. The aerospace and defense specialist said it expects to take an $850 million hit to operating profit from tariffs this year, without factoring in the higher "reciprocal" tariffs that the Trump administration has put on pause.
Terms and Privacy Policy