Maharajh Ramsaran sold $3.1M of RTX

Parsons (PSN) reported flat Q2 revenue of $1.58B, missing estimates, and lowered full-year guidance, causing its stock to drop 26.3%. BWX (BWXT) reported $901.6M revenue, up 18%, meeting expectations and beating EBITDA guidance. RTX (RTX) reported $24.71B revenue, up 14.5%, beating expectations and raising EPS guidance. The stock is up 3.2% since reporting.

RTX (NYSE: RTX) reported Q2 revenue of $24.7B, up 14% YoY, and adjusted EPS of $1.89, up 21%. Its backlog grew 22% to $289B, with 60% from commercial aerospace and 40% from defense. Recent $22.9B Tomahawk missile contract adds to backlog. RTX expects $95B-$96B in sales for 2024.

Lockheed Martin, Raytheon (RTX), and Tata Advanced Systems Limited signed an agreement to co-produce Javelin missiles in India. The deal aims to boost India's defense manufacturing and U.S.-India defense partnership, with production supporting U.S. jobs and Indian workforce development, according to Lockheed Martin.

The Pentagon announced $2.2B in contracts with General Dynamics and Lockheed Martin to boost production of Patriot and THAAD interceptor missiles. The seven-year agreements aim to triple Patriot and quadruple THAAD component production. According to CSIS, U.S. stockpiles of these interceptors have significantly decreased due to conflicts in Iran and Ukraine. The Pentagon noted that funding is subject to annual appropriations.

U.S.-Iran tensions have increased demand for defense products, benefiting contractors like Lockheed Martin (LMT), RTX Corp. (RTX), and Northrop Grumman (NOC). Defense ETFs such as iShares U.S. Aerospace & Defense ETF (ITA), Invesco Aerospace & Defense ETF (PPA), and State Street SPDR S&P Aerospace & Defense ETF (XAR) offer diversified exposure to the sector. Global defense spending is projected to reach $2.6 trillion by 2026.

President Donald Trump's investment accounts traded oil, gas, and defense stocks during the US-Iran war in 2026, per OGE filings. Holdings in ExxonMobil, Chevron, and others surged in value, with portfolio growth of up to 39%. The White House denies Trump's involvement in trades, citing third-party management. Critics cite potential conflicts of interest.