RTX Chief Says There's Bipartisan Support for Higher Defense Spending

Dow Jones

07/23

9:57 ET -- RTX CEO Chris Calio says the company has been seeing bipartisan support for an increase in defense spending in 2027. "What I can tell you, as we engage with Congress, is there's a bipartisan support for increased munitions and ramping in those areas which are pretty core to our capabilities," Calio says on a call with analysts. The House just narrowly passed a $1.15 trillion defense policy bill in a 216-to-212 vote, with six Democrats supporting the measure and seven Republicans opposing it. The Senate's version of the bill is currently stalled, with Democrats arguing that the bill doesn't attempt to restrain the White House's military actions in Iran. (dean.seal@wsj.com)

(END) Dow Jones Newswires

July 23, 2026 09:57 ET (13:57 GMT)

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The House just narrowly passed a $1.15 trillion defense policy bill in a 216-to-212 vote, with six Democrats supporting the measure and seven Republicans opposing it. The Senate's version of the bill is currently stalled, with Democrats arguing that the bill doesn't attempt to restrain the White House's military actions in Iran. 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