RTX raises 2024 profit, sales forecasts due to strong demand in aircraft repairs and defense systems.
RTX, the aerospace and defense firm, raised its 2024 profit and sales forecasts due to strong demand in aircraft repairs and defense systems. Adjusted profit per share is now projected between $5.50 and $5.58, while revenue is expected to reach $79.25 to $79.75 billion. The company reported a successful third quarter with $20.1 billion in sales, an 8% organic growth, and a backlog of $221 billion. RTX attributed these results to robust demand across its commercial and defense sectors.
October 22, 2024
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