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...
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.
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