RTX Q3 Earnings: Pratt GTF Powder Contamination Problem Guidance Largely Unchanged, But Big Questions Loom

By Chris Sloan

Oct. 24, 2023, (c) Leeham News: “I believe we have our arms around the operational and financial impacts of the powdered metal issue,” said Greg Hayes, RTX Chairman and Chief Executive Officer, during today’s third quarter earnings call primarily dominated by the Pratt & Whitney GTF powerplant’s ongoing quality control saga.

“With the analysis substantially complete, we do not expect any significant incremental financial impact as a result of those fleet management plans,” Hayes emphasized, with Pratt re-affirming its September projections with no changes to the previous recalls.

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