RTX announces between 3 and 3.5 billion dollars of charge due to a defect on its aircraft engines

by time news

2023-09-11 14:59:41

The parent company of Pratt & Whitney announced in July that its engines would have to undergo an early inspection because of a defect in a metal powder made by the group.

RTX, parent company of Pratt & Whitney, will register a charge of 3 to 3.5 billion dollars in the “coming yearsfor problems caused by contaminants in the manufacturer’s engines, he announced on Monday. The impact on the group’s revenues will reach from 3 to 3.5 billion dollars (i.e. 2.80 to 3.26 billion euros), including a charge of 3 billion recorded in the 3rd quarter of 2023, the group indicated in a statement.

RTX had announced in July that many PW1100G-JM engines – those that power the Airbus 320neo – would have to undergo an early inspection because of a defect in a metal powder made by the group to manufacture high pressure turbine discs. .

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