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RTX Plans to Refinance Loan That Bankrolled $10 Billion Buyback

(Bloomberg) -- RTX Corp. is planning to refinance a short-term loan that’s covering the cost of its $10 billion share buyback with longer-maturity debt, a spokesperson for the company said. Most Read from BloombergIsrael Latest: Netanyahu Rules Out Cease-Fire, UN Warns on SyriaSony’s Bungie Game Unit Cuts Staff Following Delayed TitlesSaudi Forces on High Alert After Deadly Clash With Houthi RebelsInnovent, Lilly Obesity Drug Spurs More Weight Loss in TrialIsrael-Hamas War Escalati...
Bloomberg Businessweek Matt Woodruff Pratt Whitney Moody Investors Service Creditsights Inc Tops Estimates
Source: yahoo.com

Engines on some Airbus jets with Pratt & Whitney engines will need to be removed and inspected

A large number of Airbus passenger jets will need to have their engines removed and inspected in the coming months after engine maker Pratt & Whitney discovered a problem that could cause parts to wear out more quickly, potentially adding to stress on airlines during the remainder of a hectic summer travel season. Shares of Pratt & Whitney parent RTX Corp. fell 11% Tuesday afternoon after the company disclosed the issue. RTX said that a “rare condition” in powder metal ...
Christopher Calio Pratt Whitney Raytheon Technologies Chief Operating Officer Christopher Calio Airbus A320 Family Passenger Jets
Source: yahoo.com

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