RTX Draws Defense Flows as 92,000 Jobs Lost and Iran War Fears Rise
The U.S. lost 92,000 nonfarm jobs in February with unemployment rising to 4.4% while tensions escalate around Iran, prompting investors to seek defensive stocks. Legacy defense contractors like RTX are drawing inflows as governments reassess security spending and replenish weapons inventories.
1. February Job Report and Geopolitical Risks
The U.S. economy shed 92,000 nonfarm positions in February, pushing the unemployment rate up to 4.4%. At the same time, escalating tensions around Iran and the Strait of Hormuz have raised concerns about global energy supplies and regional stability.
2. Investor Shift Toward Defense Contractors
Amid labor‐market weakness and Middle East conflict, investors are rotating into companies with durable revenues and government backing. Legacy defense names such as RTX, Lockheed Martin and General Dynamics are attracting inflows as governments plan to boost security budgets and restock military inventories.