CNBC's Morgan Brennan joins 'Squawk Box' to break down the quarterly earnings results of defense stocks.
Breakdown
- Northrop Grumman outperformed expectations and raised guidance, boosted by missile and bomber programs. 12s
- RTX lowered its full-year profit outlook due to higher costs from steel and aluminum tariffs. 23s
- Lockheed Martin reported $1.6 billion in pre-tax losses and cut its 2025 profit forecast. 34s
- Lockheed Martin is adapting to Pentagon's shift toward faster, lower-cost systems and seeking new technology partnerships. 1m 0s
- Overall demand for defense products remains strong, driven by increased U.S. and international spending. 1m 37s