Despite ongoing problems with Pratt & Whitney’s geared turbofan (GTF) engine, investors are bullish on RTX.
Credit: Avpics / Alamy Stock Photo
The share price of RTX hit a 52-week high of $118.30 on Aug. 2, illustrating how investors remain bullish about the aerospace and defense (A&D) giant despite ongoing travails with Pratt & Whitney’s geared turbofan (GTF) engine. The stock has risen about 35% over the past year, overcoming an initial...
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Daily Memo: Investors Are Giving RTX The Benefit Of The Doubt is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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