The issue is forcing inspections on hundreds of Pratt & Whitney GTF engines ahead of schedule.
forcing accelerated inspections will hit its pretax results this quarter by $3 billion, sending shares lower in premarket trading.
The problem stems from flaws with powder metal used to make some of the popular Pratt & Whitney GTF engines. That issue is forcing inspections on hundreds of engines ahead of schedule, depriving airlines of some aircraft during a travel rebound in the pandemic's wake.Get San Diego local news, weather forecasts, sports and lifestyle stories to your inbox.
RTX, formerly known as Raytheon Technologies, reaffirmed its adjusted earnings estimates of $4.95 to $5.05 a share for 2023. But it said itThis story is developing. Please check back for updates.
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