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Earnings Edge Higher, Sales Strong At RTX In Second Quarter

Cal Biesecker By
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Earnings Edge Higher, Sales Strong At RTX In Second Quarter
Gregory Hayes, RTX chairman and CEO. Photo: RTX

RTX [RTX] on Tuesday posted strong sales although net income rose marginally due to various accounting adjustments and a customer insolvency and the company also disclosed an issue in its commercial aircraft engine business that led it to lower free cash flow guidance for the year by $500 million. The engine issue at Pratt has to do with microscopic contaminants in powdered metal used to manufacture turbine discs in PW1100G-JM engines that could reduce the life of the discs. The…

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