RTX CFO: Tariffs would have $850 million net impact

RTX warns of potential $850M hit from tariffs as defense companies grapple with fallout of rising costs

Defense contractor RTX said on Tuesday that its operating profit may take a $850 million hit this year due to the Trump tariffs, one of the first warnings about how the president’s approach to global trade could challenge U.S. weapons manufacturers.  In a presentation for investors as part of its Q1 earnings report on Tuesday, RTX forecast that the combined tariffs on goods from Canada and Mexico could cost the company around $250 million in ope…

Defense Industry Braces for Tariff Barrage

War is usually a good thing for defense contractors. Trade wars not so much. As three industry titans — Lockheed Martin, RTX, and Northrop Grumman — held earnings calls on Tuesday, one overarching theme became clear: The fresh crop of tariffs is probably going to be bad for their business. In other words: The defense industry is stuck playing defense. On the Radar It’s been a wild year for arms makers. A US foreign policy U-turn on the Russia-Uk…

RTX CFO: Tariffs would have $850 million net impact

RTX could see an $850 million cost impact this year if President Trump's tariffs remain as they are now, Chief Financial Officer Neil Mitchill said during the company's first-quarter earnings call this morning. Trade changes with Canada and Mexico would result in an impact of $250 million, tariffs on China and that country’s retaliatory tariffs would result in another $250 million and tariffs on the rest of the world would total about $300 milli…

Defense stocks sink as RTX warns of $850 million hit from tariffs

Shares of major U.S. defense contractors tanked Tuesday, with Northrop Grumman (NOC) and RTX (RTX) ranking among the S&P 500’s steepest decliners after earnings reports flagged cost overruns, shrinking margins, and rising tariff exposure — even as revenue remained strong.Read more...

RTX warns of $850m profit hit from tariffs despite strong Q1 2025

RTX has indicated that its full year 2025 earnings could suffer an impact of about $850m because of the tariffs implemented by US President.

Earnings Dip Despite Higher Sales At RTX On Divestiture; Sees Potential $850 Million Hit From Tariffs - Defense Daily

RTX [RTX] on Tuesday reported solid sales gains in its first quarter but earnings fell due to the divesture a year ago of its former Cybersecurity, Intelligence and Services business. […]