RTX stock price fell by 4.8%, lowering profit expectations for 2025, citing tariff costs dragging down performance

Despite strong demand for engines and aftermarket products, aerospace giant RTX still lowered its profit forecast for 2025 on Tuesday, mainly due to the impact of President Trump's trade war. In early Tuesday morning Eastern Time, the company's stock price fell more than 4.8%. RTX, formerly known as Raytheon Technologies Corporation, is a US multinational aerospace and defense company and one of the world's largest aerospace and defense companies. The company is headquartered in Farmington, Connecticut. RTX was formed by the merger of Raytheon Company and United Technologies Corporation on April 3, 2020.