Sign In
Search
Business/Financial

Commercial Engine Charge Sends RTX To Loss In Third Quarter; Boosts Share Repurchase Program

Cal Biesecker By
SHARE:
Commercial Engine Charge Sends RTX To Loss In Third Quarter; Boosts Share Repurchase Program
Gregory Hayes, RTX chairman and CEO. Photo: RTX

RTX [RTX] on Tuesday said third quarter earnings swung to a loss due to an issue with a commercial aircraft engine component that it disclosed in July when it reported second quarter results. Sales also tumbled due to the engine issue at the Pratt & Whitney segment, which stems from the discovery of microscopic contaminants in powder metal used to manufacture turbine discs in PW1100G-JM engines that could reduce disc life. The engines power Airbus A320neo commercial planes. The net…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Blue Water Autonomy Announces Power, Propulsion, Manufacturing Partners

Business/Financial

Anduril Raises $5 Billion In New Round; Company Valuation At $61 Billion

Advanced / Transformational Technology

Vast Majority Of Luno Contracts Use Artificial Intelligence, NGA’s Commercial Chief Says

Intelligence Community

NRO Makes New Commercial Awards To EarthDaily, ICEYE And Pixxel

Trending

Pentagon Signs Framework Deals To Rapidly Buy Low-Cost Cruise Missiles, New Hypersonic Weapon
Addition Of Production Lines For F-15EX Eyed By USAF, MQ-9 Follow-On In Works
HAC-D Lawmakers Skeptical Of Battleship; CNO Says Will Use Ford Reactor
Army Awards Leidos $2.7 Billion To Accelerate Hypersonic Work
Defense Watch: Mythos, DARC, DARPA Plane, New SWO Boss, Startup Raises

Congress Updates

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume