The Spice Foundation out with its latest quarterly report showing global commercial revenue jumping 8% from a year ago to 613 billion. The leading driver, the private sector, which accounts for 78% of the space economy. Government budgets making up the smallest portion of just over 130 billion.Potential catalysts for growth include President Trump's golden tongued Elon Musk, StarLink and commercial spaceflight. Joining us now to discuss is Heather Pringle, the CEO of the Space Foundation. Heather, welcome t ...

Lockheed Martin (LMT) came out with quarterly earnings of $7.29 per share, beating the Zacks Consensus Estimate of $6.49 per share. This compares to earnings of $7.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +12.33%. A quarter ago, it was expected that this aerospace and defense company would post earnings of $6.34 per share when it actually produced earnings of $7.28, delivering a surprise of +14.83%.Over the last four ...

RTX (RTX) Q2 2025 Earnings Call July 22, 2025 08:30 AM ET Company ParticipantsChristopher Calio - Chairman & CEONeil Mitchill - CFONathan Ware - VP - Investor RelationsMyles Walton - Managing DirectorScott Deuschle - Director - Aerospace & Defense Equity ResearchSheila Kahyaoglu - Managing DirectorRonald Epstein - MD - Aerospace & DefenseSeth Seifman - Executive DirectorDouglas Harned - Managing DirectorGautam Khanna - Managing DirectorDavid Strauss - Managing Director - Aerospace & Defense Equity ResearchS ...

July 22, 2025 Forward-Looking Statements Second Quarter 2025 Conference Call Kathy Warden Chair, Chief Executive Officer and President Ken Crews Corporate Vice President and Chief Financial Officer This presentation and the information we are incorporating by reference, and statements to be made on the earnings conference call, contain or may contain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "will," "expe ...

Northrop Grumman (NOC) came out with quarterly earnings of $7.11 per share, beating the Zacks Consensus Estimate of $6.71 per share. This compares to earnings of $6.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +5.96%. A quarter ago, it was expected that this defense contractor would post earnings of $6.21 per share when it actually produced earnings of $6.06, delivering a surprise of -2.42%.Over the last four quarters, t ...

RTX (RTX) came out with quarterly earnings of $1.56 per share, beating the Zacks Consensus Estimate of $1.45 per share. This compares to earnings of $1.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +7.59%. A quarter ago, it was expected that this an aerospace and defense company would post earnings of $1.35 per share when it actually produced earnings of $1.47, delivering a surprise of +8.89%.Over the last four quarters, ...

Core Insights - Global travel and defense budgets are increasing, leading to heightened investor interest in aerospace stocks, particularly Boeing and RTX, which benefit from overlapping growth drivers [1][2][3] Financial Performance - Boeing's commercial revenues surged by 75% year-over-year in Q1 2025 due to rising global air traffic, while RTX achieved 8% organic sales growth driven by aftermarket services [9][10] - As of Q1 2025, Boeing reported $23.67 billion in cash and equivalents against $7.93 billion in current debt, indicating strong near-term solvency [5] - RTX has $5.16 billion in cash and equivalents, with $3.06 billion in current debt and $38.24 billion in long-term debt, maintaining solid short-term liquidity [6] Growth Catalysts - Both companies are positioned to benefit from a proposed 13% increase in U.S. defense spending to $1.01 trillion for FY26, with significant allocations for aerospace projects [7][8] - The International Air Transport Association projects a 5.8% year-over-year growth in passenger traffic for 2025, which will further support both companies' commercial aviation segments [9] Stock Performance - Over the past three months, Boeing's stock has increased by 33%, outperforming RTX's 26% increase, but RTX has outperformed Boeing over the past year with a 44.3% increase compared to Boeing's 22.9% [18][22] - Boeing trades at a more attractive forward sales multiple of 1.89 compared to RTX's 2.33 [18] Investment Outlook - Boeing presents a more compelling risk-reward opportunity in 2025, showing signs of recovery despite ongoing challenges, while RTX offers operational consistency and diversification [22][23]

Morgan Brennan has uh the defense names on the move this morning after earnings. Dom Chu has some other key names to watch. Morgan, we'll start with you.All right, good morning, Andrew. Well, it's a mixed picture for defense today as those earnings get underway. North of Grman higher on a beat and a raise.The B2 bomber maker getting a boost from its Sentinel ballistic missile and B21 bomber programs. RTX though, that was lower down about 2% here in pre-market after trimming fullear profit guidance. higher c ...

Earnings conference call 2 nd quarter 2025 July 22, 2025 © 2025 RTX Corporation. All rights reserved. Forward looking statements Note: This press release contains statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities laws. From time to time, oral or written forward-looking statements may also be included in other information released to the public. These forward-looking statements are intended to provide RTX Corpor ...

Sales of $18.2 billion Recorded pre-tax losses on programs of $1.6 billion and other charges of $169 million, which impacted earnings per share by $5.83 Net earnings of $342 million, or $1.46 per share, including impacts of program losses and other charges Cash from operations of $201 million and free cash flow of $(150) million Returned $1.3 billion of cash to shareholders through dividends and share repurchases Reaffirming 2025 guidance for sales and free cash flowBETHESDA, Md., July 22, 2025 /PRNewswire ...