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Prepares the way for entry into service EAST HARTFORD, Conn. , Feb. 21, 2025 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, today marks the certification of the GTF-powered Airbus A321XLR by the European Aviation Safety Agency (EASA), preparing the way for entry into service.
Hardware procurement begins for XA103 prototype build and test EAST HARTFORD, Conn. , Feb. 20, 2025 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, completed the detailed design review of its Next-Generation Adaptive Propulsion (NGAP) offering with the U.S. Air Force.
RTX Corp.'s Pratt & Whitney division expands its GTF MRO network by partnering with Sanad Group, thereby strengthening its footprint in the UAE.
Contract will improve readiness and reduce costs for more than 400 engines EAST HARTFORD, Conn. , Feb. 20, 2025 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, secured a three-year contract valued up to $1.5 billion to sustain F119 engines, which power the U.S. Air Force's F-22 fighter jets.
RTX's stock decline is driven by defense budget cut fears, but commercial aerospace growth and a $218 billion backlog offer stability and growth prospects. Commercial aerospace sales grew 11.8% last year, outpacing defense sales, indicating that RTX's revenue growth is less dependent on U.S. defense budgets. RTX's backlog, covering 2.5 years of sales, and potential cost efficiencies in procurement processes, mitigate risks from potential defense budget cuts.
RTX Corporation (NYSE:RTX ) Barclays 42nd Annual Industrial Select Conference Call February 19, 2025 8:40 AM ET Company Participants Chris Calio - President & Chief Executive Officer Conference Call Participants David Strauss - Barclays David Strauss All right, we are good to go. Next up, we have RTX and Chris Calio, President, CEO and I think soon to be [Technical Difficulty].
Investors expect European countries to ramp up spending on fighter jets, tanks, and other equipment, bolstering the shares of the companies that can build it.
Martijn Rozemuller, CEO of Europe at VanEck — which manages a defense-focused ETF — discusses investing in the sector after European defense stocks hit a record high.
Tapestry, RTX, Cintas, Broadcom and Corning promise growth for investors.
“NATO is dead,” wrote Vertical Research Partners analyst in a Tuesday report summarizing recent news for his clients.