RTX lifts 2024 profit forecast (updated)

US Aerospace

25/07/2024 11:41

(Adds background and share movement in paragraphs 2-3)
       July 25 (Reuters) - U.S. aerospace and defense company
RTX  RTX.N  raised its full-year profit forecast on Thursday,
driven by a rebound in the broader commercial aviation sector.
    Shares of the company were up about 2% in premarket trading.
    Airlines are flying older aircraft to meet the surge in air
travel demand amid a shortage of new jets, leading to a bustling
aftermarket business and benefiting companies such as RTX.
    RTX expects full-year adjusted profit to be between $5.35
per share and $5.45 per share, compared with its prior forecast
range of $5.25 per share and $5.40 per share.        
    

 (Reporting by Pratyush Thakur in Bengaluru; Editing by Shilpi
Majumdar)
 ((pratyush.thakur@thomsonreuters.com;))