# Aerospace Contractors Boost 2026 Profit Forecasts

> Northrop Grumman and RTX raise 2026 profit forecasts amid military spending surge.
- Title: Aerospace Contractors Boost 2026 Profit Forecasts | Shortify
- Summary: Northrop Grumman and RTX raise 2026 profit forecasts amid military spending surge. Northrop Grumman and RTX increased 2026 profit forecasts to $29.35-$29.75…
- Keywords: northrop grumman, rtx, ge aerospace, 2026 profit forecast, military spending, defense contractors, aerospace industry, money, business, Aerospace, Contractors, Boost
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/us-stocks/news/aerospace-and-military-contractors-raise-2026-profit-forecasts/articleshow/135072414.cms
- Author: Reuters
- Published: 2026-10-20T15:09:00+00:00
- Read time: 1 min
- Topics: northrop grumman, rtx, ge aerospace, 2026 profit forecast, military spending, defense contractors, aerospace industry, money, business
## Profit Forecasts Raised
Northrop Grumman and RTX raised their annual profit forecasts on Tuesday, helped by robust demand from military programs that pushed their backlogs to record levels.
## Military Spending Surge
Sustained demand for commercial aerospace services also fueled growth, both at RTX and rival engine maker GE Aerospace, which lifted its full-year forecast for a second time this year.
## Record Backlog Growth
RTX reported a record backlog of $340 billion, up 36% from a year ago, with sales at its Raytheon unit climbing 14%.
## Northrop's Military Contracts
Northrop secured $16.4 billion in new contracts during the quarter, with orders growing at 1.5 times its billings, driven by strong demand across programs including Sentinel, F-35, Virginia-class submarines, and classified programs.
## GE Aerospace Performance
GE Aerospace registered revenue at its commercial engines and services business rising more than a fifth to $10.34 billion, though high fuel prices could weaken demand for engine repairs.
## 2026 Profit Updates
Northrop now expects full-year 2026 adjusted profit per share in the range of $29.35 to $29.75, up from a previous forecast of between $28.60 and $29.10.
## RTX Earnings Forecast
RTX now forecasts 2026 adjusted earnings per share of $7.65 to $7.75, up from its previous projection of $7.10 to $7.25 and raised its sales forecast to $97 billion to $97.5 billion.
## GE Aerospace Earnings
GE Aerospace now expects adjusted earnings of $8.00 to $8.10 per share in 2026, up from its previous forecast of $7.65 to $7.85 and above analyst expectations of $7.92.
## Key takeaway

Northrop Grumman and RTX increased 2026 profit forecasts to $29.35-$29.75 per share and $7.65-$7.75 per share respectively, driven by record military contracts and sustained demand.