RTX shares jump despite nearly $1B loss in Q3 on Pratt & Whitney engine issues

RTX shares jump despite nearly $1B loss in Q3 on Pratt & Whitney engine issues



The loss was expected following disclosures about engine material defects earlier this year in the company’s Pratt & Whitney division. Meanwhile, in the company’s Raytheon division, whose missile manufacturing operation is in Tucson, a union deal has been reached.



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