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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. ....

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RTX Profit Jumps 20% on Aviation Strength, Military Demand

RTX Profit Jumps 20% on Aviation Strength, Military Demand
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

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RTX Reports Q1 2024 Results

RTX delivers strong 12% sales growth; Q1 book-to-bill of 1.34 with an RTX record backlog of $202B; Reaffirms full year outlook
ARLINGTON, Va., April 23, 2024 /PRNewswire/ RTX reported first. ....

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RTX beats estimates on military demand, aviation strength

RTX beats estimates on military demand, aviation strength
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United States , Maju Samuel , Pratyush Thakur , Mike Stone , Chris Calio , Collins Aerospace , Operating Officer Chris Calio , Middle East , Germany Patriot ,

missile defense systems: RTX beats estimates on military demand, aviation strength

RTX, a major aerospace and defense company, surpassed first-quarter earnings expectations due to demand for missile defense systems and a strong commercial aftermarket business. The aftermarket business benefited from airlines extending the service life of aircraft amid the recovery in air travel and limited availability of new planes. Pratt and Whitney, a subsidiary of RTX, reported a sales increase of 23%, despite ongoing inspections for potentially flawed components in its GTF jet engines. ....

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