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RTX / RTX to take $3 billion charge, cut its sales outlook as a result of ‘powder metal' condition

RTX to take $3 billion charge, cut its sales outlook as a result of ‘powder metal' condition
Shares of RTX Corp. RTX, -1.01%, formerly known as Raytheon Technologies, sank 4.4% toward a near two-year low in premarket trading Monday, after the defense contractor lowered its sales outlook as a result of the “rare condition in power metal” used to make certain engine parts. The company said because of the powder metal condition, about 600 to 700 Pratt & Whitney engines will be removed for shop visits, with the most being removed in 2023 and early 2024. Read More
Posted: Sep 11 2023, 07:31
Author Name: Market Watch
Views: 092028

RTX News  

Why RTX Stock Was Able to Regain Some Altitude in October

By The Motley Fool
November 1, 2023

Why RTX Stock Was Able to Regain Some Altitude in October

RTX shares have been punished in recent months due to a costly engine issue. The company's third-quarter results went a long way towards reassuring in more_horizontal

Investors Heavily Search RTX Corporation (RTX): Here is What You Need to Know

By Zacks Investment Research
November 1, 2023

Investors Heavily Search RTX Corporation (RTX): Here is What You Need to Know

RTX (RTX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock. more_horizontal

Raytheon, Kongsberg to further develop NASAMS missile system, Norway says

By Reuters
October 31, 2023

Raytheon, Kongsberg to further develop NASAMS missile system, Norway says

The Norwegian defence ministry on Tuesday said it had agreed a new collaboration with U.S. based RTX unit Raytheon and Norway's Kongsberg Gruppen on f more_horizontal

RTX Corporation Stock: The Peace Dividend Is Gone

By Seeking Alpha
October 30, 2023

RTX Corporation Stock: The Peace Dividend Is Gone

RTX Corporation has been punished by the overall market, but global conflict remains tough. The company has a P/E in the mid-teens and it remains focu more_horizontal

RTX Stock: Buy, Sell, or Hold?

By The Motley Fool
October 30, 2023

RTX Stock: Buy, Sell, or Hold?

Management sounded confident about finalizing the costs associated with removing and inspecting engines. The defense business continues to suffer marg more_horizontal

RTX Corporation: Pick Defensive Stocks Like Ben Graham

By Seeking Alpha
October 24, 2023

RTX Corporation: Pick Defensive Stocks Like Ben Graham

RTX Corporation, formerly Raytheon Technologies, together with other major defensive stocks, has received investor attention amid the Middle East conf more_horizontal

RTX Shares Jump After Earnings Beat, Stock Buyback, and Engine Inspection Update

By Investopedia
October 24, 2023

RTX Shares Jump After Earnings Beat, Stock Buyback, and Engine Inspection Update

Shares of RTX (RTX) jumped over 7% Tuesday after the defense contractor reported better-than-expected results, announced a stock buyback, and gave an more_horizontal

Why RTX Stock Is Flying High Today

By The Motley Fool
October 24, 2023

Why RTX Stock Is Flying High Today

RTX beat on earnings and announced an accelerated $10 billion share-repurchase plan. The company is still navigating through an engine issue that will more_horizontal


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