The issue is forcing inspections on hundreds of Pratt & Whitney GTF engines ahead of schedule.
forcing accelerated inspections will hit its pretax results this quarter by $3 billion, sending shares lower in premarket trading.
The problem stems from flaws with powder metal used to make some of the popular Pratt & Whitney GTF engines. That issue is forcing inspections on hundreds of engines ahead of schedule, depriving airlines of some aircraft during a travel rebound in the pandemic's wake.Get San Diego local news, weather forecasts, sports and lifestyle stories to your inbox.
RTX, formerly known as Raytheon Technologies, reaffirmed its adjusted earnings estimates of $4.95 to $5.05 a share for 2023. But it said itThis story is developing. Please check back for updates.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Grab this Lenovo gaming laptop with RTX 4050 for under $900The Lenovo LOQ 16-inch gaming laptop has a lot to like, and it's even more appealing while it's on sale at Lenovo. You'll need to be quick.
Read more »
- The Half Sister Secret (& Whitney's Other Scandals) ExplainedMBFFL's Whitney's had her share of scandals.
Read more »
Inside Heidi Montag and Spencer Pratt’s plan to become ‘famous-ish’ againOnce known as the ultimate villain couple in reality TV, Spencer Pratt and wife Heidi Montag are opening up about the machinations of tabloid fame on their new podcast, “Speidi’s 16th M…
Read more »
Sources: Tulane QB Pratt (knee) game-time callTulane star quarterback Michael Pratt is expected to be a game-time decision against Ole Miss Rebels on Saturday, sources told ESPN.
Read more »
RTX warns of profit hit as 600-700 GTF engines to be removed for quality checks By ReutersRTX warns of profit hit as 600-700 GTF engines to be removed for quality checks
Read more »
RTX warns of $3 bln charge in Q3 due to engine issueAerospace supplier RTX said on Monday 600 to 700 geared turbofan engines (GTF) powering Airbus A320neo jets will have to be removed for quality checks, resulting in a $3 billion charge in the third quarter.
Read more »