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Top News In Aftermarket Business Today - Breaking & Trending Today

RTX profit jumps 20% on aviation strength, military demand

(Reuters) -Aerospace and defense major RTX on Tuesday beat first-quarter earnings estimates, helped by demand for missile defense systems and strength in the commercial aftermarket business. The aftermarket business gained as airlines had to extend the service life of aircraft to keep up with the recovery in air travel amid the limited availability of new commercial planes. Pratt and Whitney, a subsidiary of RTX, reported a sales rise of 23% amid the ongoing inspection drive to check for potentially flawed components in its geared turbofan (GTF) jet engines. ....

United States , Mike Stone , Pratyush Thakur , Chris Calio , Maju Samuel , Collins Aerospace , Operating Officer Chris Calio , Germany Patriot , Middle East , Aftermarket Business , Earnings Estimates , International Demand , Aftermarket Sales , Missile Defense , Aerospace And Defense ,

Bombardier posts higher revenue, adjusted profit on strong private jet demand

Demand for corporate jet makers is holding strong after the industry witnessed unprecedented orders during the pandemic when the wealthy sought out private flights due to public health concerns and commercial travel restrictions. Prices for business jets have been on the uptick as the industry combats continued supply chain challenges and labour constraints, even as economic headwinds have raised concerns over demand flattening. Last month, Cessna business jet maker Textron raised its annual profit outlook and said it expects higher deliveries in 2024 as the supply chain environment improves. ....

Allison Lampert , Mehr Bedi , Shounak Dasgupta , Aftermarket Business , Business Jets , Robust Demand , Public Health Concerns ,