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RTX Posts Strong Operating Results But Bevy Of Charges Crimp Income In Second Quarter

By Cal Biesecker

Thursday, July 25th, 2024

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RTX Posts Strong Operating Results But Bevy Of Charges Crimp Income In Second Quarter

F135 engines (Pratt & Whitney Photo)

A series of charges ranging from legal resolutions and a looming international contract termination to accounting adjustments and restructuring items drove earnings down at RTX [RTX] in the second quarter despite strong operating results and higher sales at its aerospace and engine businesses that benefited from commercial and defense work, the company reported on Thursday. The charges include $575 million, 33 cents earnings per share (EPS), at the Raytheon segment related to a fixed-price development contract with a foreign customer…

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