2024-04-24 11:14:43 ET
Summary
- RTX Corporation (formerly Raytheon Technologies) beat expectations in Q1, with sales up 12% and adjusted earnings up 10%.
- Collins Aerospace saw 9% revenue growth, driven by commercial aftermarket and OEM sales.
- Pratt & Whitney faced challenges with higher expenses, but sales grew 23%.
- GTF Update provides no reason for concern as the fleet management program is tracking as projected.
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RTX Stock Price Has More Upside On Big Profit Boost Despite GTF Engine Crisis