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Engine Business Leads RTX To Solid Fourth Quarter; Raytheon Results Strong

Cal Biesecker By
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Engine Business Leads RTX To Solid Fourth Quarter; Raytheon Results Strong
An F135 engine on an assembly line. (Photo: Pratt & Whitney)

RTX [RTX] on Tuesday reported solid fourth quarter financial results driven by double-digit top and bottom-line gains in its aircraft engine business while the company’s Raytheon segment also delivered nicely, in part on the restart of contracts with a Middle East Customer. Net income rose 4 percent to $1.5 billion, $1.10 earnings per share (EPS), from $1.4 billion ($1.05 EPS) a year ago, driven by higher sales across the operating segments and other items. Operating income at the Pratt &…

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