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Barchart
Barchart
Dipanjan Banchur

What to Expect From RTX's Q2 2024 Earnings Report

RTX

RTX Corporation (RTX), headquartered in Arlington, Virginia, is an aerospace and defense company. Valued at $133.08 billion by market cap, the company offers avionics systems, aviation systems, communications and navigation equipment, interior and exterior aircraft lighting, aircraft seating, environmental control systems, flight control systems, and engine components. RTX serves its customers through its three businesses: Collins Aerospace, Pratt & Whitney, and Raytheon. The defense major is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Thursday, Jul. 25.

Ahead of the event, analysts expect RTX to report a profit of $1.29 per share on a diluted basis, unchanged from the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. During the previous quarter, RTX received a $1.2 billion contract to supply Germany with additional Patriot air and missile defense systems.

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