Escalating US-Israel-Iran conflict sparks market turmoil: airlines and cruises drop 5-7% on fuel fears, while defense firms like Lockheed soar amid rising geopolitical tensions. Oil jumps sharply.
Aerospace and defense giant RTX posts higher Q4 revenue and profit, boosted by F135 engine sales and commercial aircraft maintenance demand.
President Trump proposes 50% increase in US military spending to $1.5 trillion by 2027, citing tariff revenue as funding source despite budget concerns.
Defense stocks fall as Trump prohibits dividends and buybacks, caps executive pay at $5M, demanding contractors invest in equipment instead.
Trump administration considers executive order restricting dividends, buybacks, and executive pay for defense contractors with over-budget, delayed projects.
RTX Corp. beats Q3 earnings expectations and raises 2025 profit forecast to $6.10-$6.20 per share, driven by strong aerospace demand and defense sales despite tariff challenges.
