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US defense contractors mostly maintain forecasts despite Trump tariffs

Major U.S. defense contractors, including Lockheed Martin and Northrop Grumman, are maintaining their financial forecasts for 2025 despite trade tensions and tariffs imposed by President Donald Trump. While Lockheed Martin and Northrop Grumman express confidence in the face of trade tensions, RTX Corp, formerly known as Raytheon Technologies, warns of an $850 million profit hit from tariffs. The defense industry, like other sectors, is grappling with the potential effects of a global trade war, but continues to benefit from increased global weaponry demand. The industry's response to trade pressures highlights the complex interplay between defense spending, international relations, and economic policies.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14636397/US-defense-contractors-maintain-forecasts-despite-Trump-tariffs.html
Source Id: 8646245434

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