RTX Profit Tops Estimates on Lift From Air-Travel Rebound [BNN Bloomberg (Canada)]
RTX Corporation (RTX)
Company Research
Source: BNN Bloomberg
Adjusted first-quarter earnings were $1.34 per share, the Arlington, Virginia-based company said in a statement Tuesday, compared with the $1.23 average of analyst estimates compiled by Bloomberg. Revenue also topped expectations, and RTX reaffirmed its outlook for the year. The results highlight how RTX is managing through a costly recall of roughly 3,000 Pratt & Whitney geared turbofan jet engines to replace components made with contaminated metal powder that could fail prematurely. The maker of commercial aircraft technologies and Patriot missile-defense systems in September estimated the issue would have a total financial impact of $6 billion to $7 billion, with as much as $3.5 billion borne by RTX as the 51% shareholder in the engine program. Partners including Germany's MTU Aero Engines AG will also shoulder costs. The repairs will ground hundreds of Airbus SE's top-selling A320neo aircraft over the next few years, disrupting carriers including Spirit Airlines Inc. and Eu
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RTX
News
- Grupo Aeroportuario del Pacifico Reports in April 2024 a Passenger Traffic Decrease of 7.3% Compared to 2023 [Yahoo! Finance]Yahoo! Finance
- Here's Why RTX (RTX) is a Strong Momentum Stock [Yahoo! Finance]Yahoo! Finance
- RTX's new generation of commercial satellite imagers launches with Maxar's WorldView Legion [Yahoo! Finance]Yahoo! Finance
- RTX's new generation of commercial satellite imagers launches with Maxar's WorldView LegionPR Newswire
- RTX Board of Directors Increases Quarterly Cash DividendPR Newswire
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