RTX’s quarterly profit increases with a strong demand for aircraft pieces, repair


By Utkarsh Shetti and Mike Stone

(Reuters) – Major Aerospace and RTX Defense (RTX) It recorded an increase in the quarterly profit Tuesday, as the demand for parts and repair services of their aircraft benefited from the airlines flying very carefully for maintenance to deal with a scarcity of jet.

The pastes of the supply chain and the lack resulting from certain components are making it difficult to production new commercial aircraft, forcing airlines to maintain their aging fleets in service to meet the demand for travel boom.

However, RTX’s strong quarter, however, the company’s adjusted sales forecast for $ 83 million and $ 84 billion was reduced to average estimates of $ 84.47 billion analysts, according to The data collected by LSEG.

Although the incoming administration led by the President of the United States, Donald Trump, it is likely that the expense in defense will increase, investors are concerned about possible budget cuts in the recent format of Government Efficiency Efficiency (DOGE) headed by the billionaire. Elon Musk.

Some analysts have emphasized these concerns, arguing that Trump’s recent comments on Greenland’s acquisition and taking on the Panama channel should support the case to increase defense spending.

RTX’s Pratt and Whitney Unit, which produces Airbus’ A320neo Jets and competing with CFM International, recorded an 18% increase in sales with a profit of $ 504 million for the fourth quarter.

The unit is currently browsing a problem with its turbofan (GTF) oriented engines and is conducting an inspection promotion for potentially defective components, leading to the land of hundreds of planes in recent months.

Revenue at Aerospace and Aircraft ARM Collins Aerospace increased by 6% in the reported quarter.

Raytheon, the RTX Defense Unit, recorded an increase of 36% of the operational benefit due to the robust demand of its patriot defense system used on the battlefield in Ukraine to combat Russian missile threats.

A prolonged war of Russia-Ukraine and ongoing conflicts in the Middle East have led the countries to strengthen their expense in defense, causing a greater demand for weapons and weapons.

Arlington’s company in Virginia recorded a 9% increase in total quarterly revenue to $ 21.62 million.

Reported a net revenue of $ 1.48 billion, or $ 1.10 per action, compared to $ 1.43 billion, or $ 1.05 per action, a year earlier.

(Utkarsh Sheetti’s report in Bengaluru and Mike Stone in Washington; Devika Syamnath’s edition)



Source link

  • Related Posts

    Bennuting for the manifestation of great treasures are booming before the Fed’s decision

    (Bloomberg)-USRESORERIA was maintained with the recent gains ahead of the interest rate decision of the Federal Reserve, as the traders stepped on the bakery bets in the hope that President…

    The FED stops interest rates as most investors

    © 2024 Fortune Media IP Limitte. All rights reserved. Using this site contains acceptance of our Terms of Use and Privacy Policy | Ca notification of collection and Privacy Notification…

    Leave a Reply

    Your email address will not be published. Required fields are marked *