RTX Confident Over GTF Issues, Unveils Massive Share Buyback

Michael Bruno October 24, 2023

United A321neo with Pratt & Whitney GTF engines.

Credit: Airbus
RTX leaders sought to snuff out financial concerns over its ongoing geared turbofan (GTF) engine problems Oct. 24 as they unveiled relatively expected financial results for the recent third quarter of 2023, as well as an accelerated $10 billion stock buyback plan for shareholders’ benefit. The...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

Subscription Required

 

RTX Confident Over GTF Issues, Unveils Massive Share Buyback is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.

Already a member of AWIN or subscribe to Aerospace Daily & Defense Report through your company? Login with your existing email and password.

Not a member?  Learn how you can access the market intelligence and data you need to stay abreast of what's happening in the aerospace and defense community.

Login Learn How