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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: ndxcharm who wrote (73159)9/11/2023 4:42:55 PM
From: ndxcharm  Respond to of 78958
 
"RTX said it would post a charge of up to about $3.5bn in the third quarter, mostly owing to compensating its customers, and $1.5bn less in free cash flow in 2025, a greater hit than it initially signalled in July. "

"...the $3bn charge was “larger than expected” after the company had previously estimated that the first 200 engines that would need inspections would reduce free cash flow by $500mn this year."

ft.com

$RTX down over 7% today