Tag: $Raytheon Technologies

RTX warns of profit hit as 600-700 GTF engines to be removed for quality checks

Aerospace supplier RTX said on Monday 600 to 700 geared turbofan engines (GTF) will have to be removed for quality checks, which will result in a $3 billion to $3.5 billion pre-tax hit to its profit over the next several years.

Safran confirms talks with Raytheon over flight control assets

French aero engine maker Safran said on Monday it was s in discussions with U.S. aerospace company Raytheon Technologies for the potential acquisition of certain flight control and actuation activities, confirming earlier media reports.