RTX profit jumps 20% on aviation strength, military demand [Reuters]
RTX Corporation (RTX)
Company Research
Source: Reuters
, opens new tab on Tuesday reported a 20% jump in its first-quarter profit, helped by robust commercial aftermarket business and military equipment demand. The Arlington, Virginia-based company reported net income of $1.71 billion, or $1.28 per share, for the quarter ended March 31, compared with $1.43 billion, or 97 cents per share, a year earlier. The aftermarket business gained as airlines had to extend the service life of aircraft to keep up with the recovery in air travel amid the limited availability of new commercial planes. Pratt and Whitney, a subsidiary of RTX, reported a sales rise of 23% amid the ongoing inspection drive in GTF engines. "We are making progress on ... our GTF fleet management plans, which remain on track," Chief Operating Officer Chris Calio said in a statement. Following a quality crisis in some GTF engines last year, RTX estimated grounding of 350 jets annually from 2024 through 2026, outlining $6 billion to $7 billion in recall cost. Driven
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RTX
News
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- RTX's new generation of commercial satellite imagers launches with Maxar's WorldView LegionPR Newswire
- RTX Board of Directors Increases Quarterly Cash DividendPR Newswire
- Here is What to Know Beyond Why RTX Corporation (RTX) is a Trending Stock [Yahoo! Finance]Yahoo! Finance
RTX
Earnings
- 4/23/24 - Beat
RTX
Sec Filings
- 5/2/24 - Form 4
- 4/30/24 - Form 4
- 4/30/24 - Form 144
- RTX's page on the SEC website