Aerospace and military contractors raise 2026 profit forecasts

U.S. aerospace and military contractors raise 2026 profit forecasts

Northrop Grumman and RTX raised their annual profit forecasts, helped by robust demand from military programs that pushed their backlogs to record levels.

Aerospace and Defense Giants Upgrade 2026 Profit Outlooks as Orders Surge

U.S. aerospace and defense companies Northrop Grumman and RTX raised their annual profit forecasts on Tuesday, supported by strong military demand and record order backlogs. GE Aerospace also increased its full-year earnings outlook for the second time this year, reflecting continued strength in commercial aviation services.

Aerospace and military contractors raise 2026 profit forecasts

Northrop Grumman and RTX have raised their annual profit forecasts due to strong military demand. The companies reported record backlogs of $109.6 billion and $340 billion respectively. Sustained commercial aerospace services demand has also contributed to their growth. GE Aerospace, while performing well, has warned about potential declines in demand due to high fuel prices.