Is it a secret or do you want to tell the class about it
After all the personal attacks and the snide and insulting responses that I have had to endure from you people why should I?
But you seem like a decent enough person so I'll tell you
RTX is Raytheon . They own Pratt and Whitney, you know the jet engine company. They're are an estimated 1000 planes with a certain model of Pratt and Whitney engine strapped to them. There's a problem with certain powdered metal parts in that engine.
Those planes as I understand it will have to be pulled off line and those engines taken apart and inspected and some may require new engines. The Airbus A320 is the plane that has the largest percentage of those engines Going to be costly and time consuming which helps to explain why RTX closed down 12%.
This stuff is all out there if anyone is interested.
Just like two weeks ago Donald Broughton head of Broughton Capital and the unquestioned top analyst and authority when it comes to the industry said there would be a UPS settlement heading off a strike in time. When Donald Broughton said there would be no strike you take it to the bank.
But when I pointed this out to people here the thanks I got for it was nothing but more personal attacks because that's all they have to respond with.