RTX swings to loss on Pratt engines issues, approves $10 billion share buyback program

RTX swings to loss on Pratt engines issues, approves $10 billion share buyback program

Upworthy

Published

RTX reported a near billion dollar quarterly loss on Tuesday, as the aerospace supplier took a hit due to a major quality crisis at its subsidiary Pratt and Whitney, affecting the popular Geared Turbofan (GTF) engines. The company also said it has approved a $10 billion share repurchase program,…

#rtx #whitney #gearedturbofan #greghayes #pratt #raytheon

Full Article