RTX Corp will need up to 60 days to inspect and fix each GTF engine used on Airbus jets that were found to have a new problem involving contaminated powder metal, CEO Greg Hayes said in an interview on Tuesday.
Model of a Pratt & Whitney GTF engine is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessierwill need up to 60 days to inspect and fix each GTF engine used on Airbus jets that were found to have a new problem involving contaminated powder metal, CEO Greg Hayes said in an interview on Tuesday.
Instead, they will be brought in for a briefer period where technicians will disassemble the engines, inspect the high pressure turbine disks potentially affected by the metal contamination, and, if needed, replace the part. RTX shares plummeted 14% in morning trade before trimming those losses to off 10.7% on Tuesday afternoon.
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