RTX Corporation (NYSE:RTX) experienced a surge in stock price on Friday, following the launch of new maintenance, repair, and overhaul (MRO) services for its PT6C-67C and PW127XT engine families at its Singapore facility. Pratt & Whitney Canada, a subsidiary of RTX, has delivered over 3,000 PT6C-67C engines, collectively logging over 10 million flight hours. The newly introduced capabilities at the Singapore location will provide comprehensive overhauls enhanced by a modular test cell, reinforcing existing MRO services for the PW100 family of engines, which have accumulated more than 220 million flight hours worldwide.
In another significant development, the GTF Advantage-powered Airbus A320neo family aircraft, produced by Pratt & Whitney, has received EASA certification, paving the way for its entry into service. Previously certified by the FAA in February 2025, this engine variant offers 4-8% improved thrust and better range, becoming the production standard by 2028 with various upgrade options for existing GTF engines. RTX is investing over $1 billion to increase production capacity, responding to a global demand exceeding 13,000 engine orders.
Currently, RTX shares are showing a robust upward trend, having risen 51.95% in the last year. While trading 0.3% below the 20-day moving average and 2% below the 50-day average, the stock remains 1.9% above the 100-day moving average, suggesting a more stable medium-term outlook.
RTX is expected to announce its earnings on April 21, 2026, with EPS estimates at $1.52 and revenue projections at $21.49 billion. The stock carries a Buy Rating among analysts, who have varying price targets reflecting recent adjustments.
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