![](https://i.imgur.com/CLvY2jA.png")
13-09-2023, 10:06 AM
By Valerie Insinna and Abhijith Ganapavaram
September 12, 20231:53 PM GMT+8Updated 20 hours ago
Sept 11 (Reuters) - Shares in Pratt & Whitney parent RTX Corp (RTX.N) hit a two-year low on Monday as it took a $3 billion charge and told airlines hundreds of their Airbus jets would be grounded at any one time in coming years to check for a rare manufacturing flaw.
The warning comes on top of a spate of durability problems for Pratt & Whitney's Geared Turbofan series, which RTX -- then named Raytheon -- acquired through an industry merger in 2020.
In July, RTX said a rare powder metal defect could lead to the cracking of some engine components and called for accelerated inspections affecting 200 engines by mid-September.
On Monday, it said it now estimates it will have to pull a total of 600 to 700 engines off their Airbus A320neo jets for lengthy quality inspections between 2023 and 2026.
https://www.reuters.com/business/aerospa...023-09-11/
September 12, 20231:53 PM GMT+8Updated 20 hours ago
Sept 11 (Reuters) - Shares in Pratt & Whitney parent RTX Corp (RTX.N) hit a two-year low on Monday as it took a $3 billion charge and told airlines hundreds of their Airbus jets would be grounded at any one time in coming years to check for a rare manufacturing flaw.
The warning comes on top of a spate of durability problems for Pratt & Whitney's Geared Turbofan series, which RTX -- then named Raytheon -- acquired through an industry merger in 2020.
In July, RTX said a rare powder metal defect could lead to the cracking of some engine components and called for accelerated inspections affecting 200 engines by mid-September.
On Monday, it said it now estimates it will have to pull a total of 600 to 700 engines off their Airbus A320neo jets for lengthy quality inspections between 2023 and 2026.
https://www.reuters.com/business/aerospa...023-09-11/
