A cardinal rule of investor relations is don’t surprise shareholders with a big, negative announcement just weeks after you told them things were getting better.
The investment will add 81,000 sq. ft. to Pratt’s Columbus Engine Center, where it builds its signature Geared Turbofan (GTF) engine for Embraer and Airbus.
The generator could be used to support the growing onboard electric power demands of advanced military mission systems, avionics and high-energy weapons.
The Pentagon has announced a major new influx of military aid for Ukraine, ordering about $2.1 billion in equipment to bolster the nation’s air defenses.