RTX's Collins Aerospace Forms Nacelle MRO Joint Venture with Etihad Engineering
RTX sits 36% above its 52-week low of $143.56 on light trading volume (0.1× avg).
Summary
Collins Aerospace, an RTX business, and Etihad Engineering announced a joint venture to provide nacelle and thrust reverser MRO services in Abu Dhabi, targeting Airbus A350 and Boeing 787 widebody fleets. The JV will double Collins' Middle East nacelle MRO footprint, with a 3,250-square-meter facility expected to be operational in Q1 2027. This expands RTX's aftermarket network in a high-growth region and strengthens its position in the lucrative widebody MRO market. The move follows a series of positive RTX news, including recent contract wins and engine selections, and adds a new growth vector in commercial aerospace services.
At the time of this announcement, RTX was trading at $195.88 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $263.8B. 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 7 out of 10. Source: PR Newswire.