financetom
Business
financetom
/
Business
/
RTX CEO said Pratt & Whitney strike will impact quarterly cash
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
RTX CEO said Pratt & Whitney strike will impact quarterly cash
May 28, 2025 8:46 AM

May 28 (Reuters) - A weeks' long strike by 3,000 U.S.

Pratt & Whitney engine workers will impact free cash flow during

the second quarter, but the aerospace and defense giant should

be able to recover that during the year, RTX CEO Chris

Calio said on Wednesday.

"There will be cash impact here in the second quarter,"

Calio told the Bernstein Strategic Decisions Conference.

Calio said the four-week stoppage at Pratt's unionized

Connecticut factories impacted its ability to ship jet engines,

and he expects break even to negative cash flow in the quarter.

RTX shares dipped 2% in morning trade.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Hammond Power Solutions Reports Q4 2023 EPS $1.68; Increased Quarterly Dividend
Hammond Power Solutions Reports Q4 2023 EPS $1.68; Increased Quarterly Dividend
Mar 28, 2024
07:29 AM EDT, 03/28/2024 (MT Newswires) -- Hammond Power Solutions Inc. (HPS-A.TO) overnight Wednesday reported its Q4 2023 results. The company generated quarterly sales of $187 million, a 29.6% increase from the $144 million, the year before. Net earnings were $20 million, or $1.68 per diluted share, compared with net earnings of $18.2 million, and $1.53 per diluted share, for...
Wilmington Capital Management Announced Resignation of Chairman of the Board
Wilmington Capital Management Announced Resignation of Chairman of the Board
Mar 28, 2024
07:17 AM EDT, 03/28/2024 (MT Newswires) -- Wilmington Capital Management (WCM-A.TO, WCM-B.TO) overnight Wednesday announced that Ian G. Cockwell has resigned as Chairman of the board of directors. It said Cockwell will retain his position as a director of the corporation. Effective March 27, 2024, the corporation has appointed Joseph F. Killi as Chairman and Timothy W. Casgrain as Lead...
Calibre Says Entering Pre-Commissioning and Commissioning Contract with Reliable Controls Corporation and Executing a Gold Prepayment
Calibre Says Entering Pre-Commissioning and Commissioning Contract with Reliable Controls Corporation and Executing a Gold Prepayment
Mar 28, 2024
07:21 AM EDT, 03/28/2024 (MT Newswires) -- Calibre Mining Corp. ( CXBMF ) , which gained 3.7% yesterday, on Thursday entered into a key pre-commissioning and commissioning contract with Reliable Controls Corporation of Salt Lake City for the company's Valentine Gold Mine in Newfoundland and Labrador. The company said it has also executed a US$60 million short term, gold prepayment...
Update: Market Chatter: SEC Ramps Up Cybersecurity Inquiries Focusing on Tech, Telecom Companies
Update: Market Chatter: SEC Ramps Up Cybersecurity Inquiries Focusing on Tech, Telecom Companies
Mar 28, 2024
07:22 AM EDT, 03/28/2024 (MT Newswires) -- (Updates with a response from the Securities and Exchange Commission in the last paragraph.) The US Securities and Exchange Commission is ramping up its inquiries into the 2020 SolarWinds ( SWI ) cyberattack, focusing on how technology and telecommunications companies responded, Bloomberg News reported Wednesday, citing unnamed sources familiar with the matter. In...
Copyright 2023-2026 - www.financetom.com All Rights Reserved