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Sustained demand for commercial aerospace services also fueled growth, both at RTX and rival engine maker GE Aerospace , which lifted its full-year forecast for a second time this year. Northrop shares jumped by 7.2% in early trading and RTX gained 2.4% while GE Aerospace lost 4.9% on lower than expected implied fourth-quarter earnings. GEOPOLITICAL BACKDROP BRINGS SUSTAINED MILITARY SPENDING The results add to strong performances among US aerospace and defense contractors, supported by airline maintenance spending, growing demand for aircraft engines and parts and sustained military spending at a time of heightened geopolitical tensions around the globe. Sales at RTX's Raytheon climbed 14%, driven by higher volume in naval programs and land and air defense systems, including Patriot, Standard Missile and Tomahawk. "We continue to see robust global demand for all of our products and services," RTX finance chief Neil Mitchill told Reuters on Tuesday, adding that the company had "another record backlog" of $340 billion, up 36% from a year ago. Northrop, which makes the B-21 Raider bomber and parts for F-35 fighter jets, registered a similar 14% sales increase at its Aeronautics Systems unit, which benefited from increased B-21 sales and higher F-35 production. The company secured $16.4 billion in new contracts during the quarter, with its orders growing at 1.5 times its billings, driven by strong demand across programs including Sentinel, the F-35, Virginia-class submarines and certain classified programs. Northrop's backlog rose to a record $109.6 billion by September 30. Similarly, RTX chalked up $81 billion in new commercial and defense awards, pushing its backlog to a record $340 billion. Beyond the military sphere, RTX was helped by airline maintenance spending and growing demand for its Pratt & Whitney aircraft engines and parts even as surging fuel costs squeeze airline profits. GE Aerospace registered similarly firm demand, with revenue at its commercial engines and services business rising more than a fifth to $10.34 billion. It acknowledged, however, that prolonged high fuel prices could lead airlines to reduce flying, weakening demand for engine repairs, spare parts and spare engines. Northrop now expects full-year 2026 adjusted profit per share in the range of $29.35 to $29.75, up from a previous forecast of between $28.60 and $29.10. RTX now forecasts 2026 adjusted earnings per share of $7.65 to $7.75, up from its previous projection of $7.10 to $7.25. It also raised its sales forecast range to between $97 billion and $97.5 billion, from $95 billion to $96 billion. GE Aerospace now expects adjusted earnings of $8.00 to $8.10 per share in 2026, up from its previous forecast of $7.65 to $7.85 and above analyst expectations of $7.92, according to data compiled by LSEG. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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