Tariff threat hits hard: RTX warns of $850 million impact, defense stocks sink ...Middle East

Quartz - Economy
Tariff threat hits hard: RTX warns of $850 million impact, defense stocks sink

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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