Tag: RTX

RTX engine issue to hit profit by up to $3.5 bn

NEW YORK, Sept 11, 2023 (AFP) – RTX, parent company of aerospace manufacturer Pratt & Whitney, said Monday that its profit could take a hit of up to $3.5 billion over the removal of hundreds of engines powering Airbus A320neo jets as it conducts quality checks. The aviation and defense giant RTX, formerly known as Raytheon, added in a statement that about 600 to 700 engines will be removed for inspection over three years. The […]