RTX - RTX To Incur $3B Pre-Tax Charge In Q3 Due To Pratt & Whitney Engine Problem; Stock Slides | Benzinga
RTX Corp (NYSE: RTX) provided an update on the impact to the Pratt & Whitney GTF fleet (PW1100 GTF engines, which power the A320neo) arising from the previously disclosed rare condition in powder metal used to manufacture certain engine parts.
RTX's pre-tax operating profit impact is estimated to be between $3 billion and $3.5 billion over the next several years, inclusive of an approximately $3 billion pre-tax charge in Q3, after partners' share of charges.
About 600 to 700 engines will be removed for shop visits between ...