RTX is providing an update on the impact to the Pratt & Whitney GTF fleet arising from the previously disclosed rare condition in powder metal used to manufacture certain engine parts. “As a result of recent updates to this matter, RTX will recognize a third quarter charge which will impact reported sales and earnings for the year,” the company stated. RTX updates its outlook for Full Year 2023 to include reported sales of $67.5B-$68.5B, confirms adjusted sales view of $73.0B-$74.0B, confirms adjusted EPS view of $4.95-$5.05, confirms free cash flow view of approximately $4.3B and confirms its share repurchase view of $3.0B of RTX shares. FY23 revenue consensus $73.6B.
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