Engine Issue Weighs On RTX’s Otherwise Solid Quarterly Results
Credit: Timon Schneider / Alamy Stock Photo
Shares of RTX, formerly known as Raytheon Technologies, dove 14% per-share during regular trading July 25 after the company slashed its free cashflow outlook for this year by more than 10% after disclosing a wider problem with Pratt & Whitney PW1100G-JM engine manufacturing. Citing RTX’s widely...
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