US defense firms tout ‘essential’ services as sales rise amid global tensions

News Snapshot:

“Exceptionally strong” demand boosted sales at two US defense giants, the companies announced on Tuesday as geopolitical tensions flare in the Middle East and Ukraine continues to fight Russia’s invasion. RTX and Lockheed Martin exceeded Wall Street’s expectations for the latest quarter as conflicts including Israel’s war on Gaza prompted countries to bolster arms spending, both by striking new deals and accelerating established contracts. “The increasingly unstable geopolitical environment in the world today makes it essential for industry and government to strengthen our nation’s capabilities to deter and defend against further aggressive behavior against the US and our allies,” Jim...