British Airways Picks Pratt & Whitney GTF Engines for Up to 63 A320neos
RTX sits 35% above its 52-week low of $143.56.
Summary
British Airways selected RTX's Pratt & Whitney GTF engines to power 33 firm and 30 option Airbus A320neo aircraft, with deliveries starting in 2027. The deal includes a 12-year EngineWise maintenance agreement, locking in aftermarket revenue. This is a significant win for the GTF program, which has faced recent headwinds from engine durability issues and customer disputes. The order adds to an already strong backlog of over 8,000 engines and signals airline confidence in the upcoming GTF Advantage variant. It follows a series of negative headlines around GTF groundings and potential litigation, making this a notable positive catalyst.
At the time of this announcement, RTX was trading at $193.94 on NYSE in the Manufacturing sector, with a market capitalization of approximately $260.6B. The 52-week trading range was $143.56 to $214.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.