secwatch.observer — SEC 8-K summary
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Issuer:     RTX Corp (RTX)
CIK:        0000101829
Form:       8-K
Filed at:   2023-09-11T23:59:59+00:00
Accession:  0000898822-23-000025
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RTX to record ~$3B Q3 charge on Pratt & Whitney powder metal defect; 600-700 extra engine removals 2023-2026
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- Pre-tax charge of ~$3B in Q3 2023; total pre-tax impact estimated at $3-3.5B over several years.
- Incremental 600-700 PW1100 GTF engines removed for shop visits beyond prior forecast, mainly 2023-early 2024.
- 2023 reported sales guidance cut to $67.5-68.5B; reaffirmed adjusted EPS $4.95-5.05 and free cash flow ~$4.3B.
- 2025 free cash flow target lowered to ~$7.5B (down ~$1.5B) due to cash impact; $33-35B capital return commitment reaffirmed.
- Powder metal issue also being analyzed on other engine models, expected to be far less impacted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101829/000089882223000025/0000898822-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101829/000089882223000025/rtx8k91123.htm
  HTML page:      https://secwatch.observer/filing/0000898822-23-000025

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