- Raytheon Technologies Corp’s (NYSE:RTX) subsidiary Pratt & Whitney has reportedly been facing some engine issues.
- The Brazilian planemaker Embraer SA (NYSE:ERJ) dismissed concerns that engine supplier Pratt & Whitney’s troubles would prevent airlines from placing orders, and hinted at potential order announcements at the upcoming Paris Airshow, reported Reuters.
- Related: India’s Go First Airline Blames Its Collapse On Pratt & Whitney Engines: Report
- Arjan Meijer, chief executive of Embraer Commercial Aviation, hinted at an upcoming order from a U.S. regional carrier, which points to the existing version of the E175 flown by regional affiliates of U.S. airlines, which uses different engines.
- Also Read: Embraer And Azorra Seal Aircraft Deal With Royal Jordanian For $635M
- Price Action: RTX shares are trading higher by 1.12% at $94.16 on the last check Friday.
BRETT Hits $1B Market Cap But ‘Has Not Even Scratched The Surface,’ Says Trader
The meme coin craze continues as BRETT (CRYPTO: BRETT), launched just three months ago in February 2024, has surpassed a $1 billion market capitalization.
