RTX Corporation

USDC – District of Connecticut

July 25, 2023

Class Period: 2/8/2021 – 7/25/2023
Lead Plaintiff Deadline: October 2, 2023

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Principle Contacts

Laurence D. King


July 25, 2023 – Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of RTX Corporation f/k/a Raytheon Technologies  Corp. (“RTX” or the “Company”) (NYSE: RTX).  Click Here to Join Investigation.

If you would like to discuss our investigation, please contact us by emailing pmayer@kaplanfox.com or by calling (646) 315-9003, or click here.

On July 25, 2023, RTX issued a press release reporting its Q2 2023 results.  The press release included an update on its Pratt & Whitney fleet. The Company stated “Pratt & Whitney has determined that a rare condition in powdered metal used to manufacture certain engine parts will require accelerated fleet inspection.”  Additionally, the Company stated that “[a]s a result, the business anticipates that a significant portion of the PW1100G-JM engine fleet, which powers the A320neo, will require accelerated removals and inspections within the next nine to twelve months, including approximately 200 accelerated removals by mid-September of this year.”  

Also, on July 25, during the conference call that followed, the Company disclosed that “[t]his was an issue that we first uncovered back in 2020” and that as the inspections ramp up the issue is expected to reduce free cash flow by $500 million compared to the Company’s prior outlook.

Following this news, the price of RTX’s stock fell by $9.19 per share, or 10.22%, to close at $87.10 on July 25, 2023 on heavy trading volume.


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If you have any questions about this investigation, please contact:

Pamela Mayer
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
E-mail: pmayer@kaplanfox.com

Laurence D. King
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax:  (415) 772-4707
E-mail: lking@kaplanfox.com

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