From Yahoo Finance: 2025-05-28 21:05:00

RTX Corporation (RTX) CEO Chris Calio stated that the Pratt & Whitney strike will impact cash flow in Q2 due to hindrances in engine shipments, expecting break-even to negative cash flow. Despite this, Calio expressed confidence in RTX’s ability to recover in future quarters.

After 3,000 machinists approved a new four-year contract, ending the Pratt & Whitney strike, RTX Corporation (NYSE:RTX) workers secured a commitment to maintain work on F-35 fighters in Connecticut. This marked the first strike at the engine-maker’s Connecticut sites since 2001.

RTX Corporation (NYSE:RTX) shares were down 1% due to the Pratt & Whitney strike’s impact on cash flow in Q2. Despite this, the company has seen impressive year-to-date returns of nearly 15% from significant high-value contract awards.

During a conference, Chris Calio of RTX Corporation (NYSE:RTX) highlighted President Trump’s Golden Dome missile defense shield proposal as an opportunity. He also mentioned strong weapons demand from Europe, despite trade tensions, showing confidence in RTX’s future growth potential.

Read more: RTX Corporation (RTX) Says Pratt & Whitney Strike Will Constrain Q2 Cash Flow