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RTX Bounces Back With Strong Third Quarter Driven By Commercial And Defense Work

RTX Bounces Back With Strong Third Quarter Driven By Commercial And Defense Work
Christopher Calio, president and CEO of RTX. Photo: RTX

After being pummeled a year ago due to charges related to work on commercial aircraft engines, RTX [RTX] on Tuesday posted strong results in its third quarter led by gains in defense and commercial programs. Net income in the quarter swung to a profit of $1.5 billion, $1.09 earnings per share (EPS), versus a loss of $984 million (68 cents EPS) a year ago when contaminants were discovered in metal powder used to manufacture turbine discs in commercial aircraft engines…

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