Defense Contractors Q3: Kratos Soars, RTX Rises, Parsons Falls

Defense contractors, including Kratos and RTX, reported strong third-quarter revenues, surpassing analyst expectations. Kratos saw a 26% year-over-year increase, while RTX grew by 11.9%. However, Parsons revenues decreased by 10.4%. Despite positive financial results, share prices for these companies have declined. The broader market has seen inflation cool and a thriving stock market, but the outlook for 2025 remains uncertain due to potential policy changes.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.