Shares of RTX Corporation ( RTX ) are trading higher Tuesday, following a report suggesting an Iranian missile strike at Israel is imminent. Here’s what you need to know.

What To Know: Reports surfaced that Iran is preparing a missile strike against Israel in retaliation for an Israeli airstrike that killed Hezbollah leader Hassan Nasrallah. The news, earlier reported by Bloomberg, suggests the attack could happen imminently, causing ripple effects throughout global markets.

The conflict has intensified, with the U.S. increasing its military presence in the region to assist in defending Israel against the potential missile strike. Israel has also begun deploying forces into southern Lebanon, escalating its operations against Hezbollah in response to the rising threat.

What Else?

Additionally, RTX’s subsidiary Pratt & Whitney secured a $1.3 billion contract for an upgrade to the F135 engine core, aimed at improving durability and enhancing cooling and power capabilities for the F-35 aircraft. Furthermore, Raytheon, another RTX business, received a $192 million contract from the U.S. Navy for the Next Generation Jammer Mid-Band Expansion (NGJ-MBX), further bolstering its defense portfolio.

RTX Price Action: RTX corporation shares were up by 2.72% at $124.46 according to Benzinga Pro.

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Image via Wikimedia Commons.