A weeks' long strike by 3,000 U.S. Pratt & Whitney engine workers will impact free cash flow during the second quarter, but the aerospace and defense giant should be able to recover that during the year, RTX CEO Chris Calio said on Wednesday.
Striking workers at RTX's Pratt & Whitney approved the company's second contract offer on Tuesday by 74%, according to the International Association of Machinists and Aerospace Workers.
Striking workers at RTX's Pratt & Whitney approved the company's second contract offer on Tuesday, ending a three-week-long strike, according to a spokesperson for the International Association of Machinists and Aerospace Workers.
Politics deeply influences markets but remains unpredictable. I focus on how political decisions create powerful investment opportunities, separate from personal views. A massive U.S. missile defense project, inspired by Israel's Iron Dome, is gaining momentum with huge government funding and international interest, promising a multi-decade impact. This program benefits select defense companies...
RTX has already benefited from the robust defense/travel spending trends, as observed in the growing backlogs and expanding organic sales. Despite the ~$850M potential tariff impact on its annualized adj operating profit, we believe that the bottom-line impact may be temporary. This is especially true since 70% of RTX's manufacturing capacity and 65% of its suppliers are based within the US, as...
Defense stocks have been in focus in recent sessions after President Donald Trump shared details of a new $175 billion missile defense project dubbed the “Golden Dome”. This new initiative aims to protect the US from foreign threats using land, sea, and space-based technologies.
Airline will become first operator of the GTF-powered aircraft HAMBURG, Germany , May 20, 2025 /PRNewswire/ -- In a ceremony at Airbus' A320 Final Assembly Line today, Pratt & Whitney, an RTX (NYSE: RTX) business, joined with Airbus and Wizz Air Hungary Ltd. (Wizz Air) to celebrate delivery of the airline's first A321XLR aircraft.
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