Pratt & Whitney Engine Issues for Embraer E2 Jets Resolved, Grounding Rate Drops to 1%
RTX sits 34% above its 52-week low of $135.425 on light trading volume (0.3× avg).
Summary
Embraer announced that the main engine issues affecting its E2 jets, which are powered by RTX's Pratt & Whitney engines, have been resolved. This follows recent news of ongoing Pratt & Whitney GTF engine problems causing aircraft groundings and potential lawsuits. The aircraft-on-ground (AOG) rate for E2s has significantly improved, dropping to 1% from a high of 22% in March 2025. Embraer expects no E2 aircraft to be grounded due to engine issues by the end of 2026, indicating substantial progress in addressing a critical product performance issue for RTX.
At the time of this announcement, RTX was trading at $181.33 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $244.2B. The 52-week trading range was $135.43 to $214.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.