RTX Reaches More GTF Deals -- Market Talk

Dow Jones04-23

0828 ET - RTX says it's reached compensation deals with nine customers over the problems with its GTF engines that have grounded hundreds of Airbus aircraft. Spirit is one of the few to so far disclose a deal, and analysts expect settlements could cost RTX $2.5B this year. RTX didn't change its expectation that the issue could cost as much as $7B to rectify. CFO Neil Mitchill says talks continue with partners including MTU--RTX has 51% of the program--about their share of the bill. (doug.cameron@wsj.com)

(END) Dow Jones Newswires

April 23, 2024 08:28 ET (12:28 GMT)

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Spirit is one of the few to so far ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B3S45H60.SGD","symbol_name":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2429191889","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429191889","pubTimestamp":1713875280,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0828 ET - RTX says it's reached compensation deals with nine customers over the problems with its GTF engines that have grounded hundreds of Airbus aircraft. 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