Defense firms closely watching tariffs, but split on potential sting

Major defense contractors appear to be split on the potential impact of the Trump administration’s tariffs, with one major firm bracing for hundreds of millions in potential lost profits, while others predict minimal effects.

In an April 22 earnings call with investors, executives from RTX Corp. — formerly known as Raytheon — predicted $850 million in losses if tariffs stay in effect for the rest of 2025.