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RAYTHEON TECHNOLOGIES CORPORATION

(RTX)
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Delayed Nyse  -  04:00:01 2023-02-07 pm EST
97.87 USD   +0.24%
06:04aRAYTHEON TECHNOLOGIES CORP MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-K)
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02/06Raytheon Technologies Board of Directors Declares Quarterly Cash Dividend
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02/03Raytheon Technologies Board of Directors Declares Quarterly Cash Dividend
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Raytheon Technologies : Air Austral Enters Service with First Airbus A220 Aircraft Powered by Pratt & Whitney…

08/26/2021 | 02:11pm EST

EAST HARTFORD, Conn., August 26, 2021 - Pratt & Whitney and Air Austral, based in Réunion, celebrated the entry into service of the airline's first Airbus A220-300 aircraft powered by Pratt & Whitney GTF engines. The airline placed an order for three of such aircraft in 2019.

'We are excited to fly our first Airbus A220 with Pratt & Whitney GTF engines, becoming the first French operator to fly this type of aircraft,' said Marie-Joseph Male, CEO for Air Austral. 'This game-changing engine and aircraft combination will deliver superior economics to develop our network, quiet flights for our passengers, and low fuel burn and emissions for our environment. We look forward to flying this aircraft for years to come.'

Air Austral currently operates an ATR 72-500 aircraft powered by PW100 turboprop engines, as well as two Boeing 787-8 Dreamliner aircraft, each equipped with a Pratt & Whitney APS5000 auxiliary power unit (APU).

'We are honored to extend our relationship with Air Austral,' said Rick Deurloo, chief commercial officer and senior vice president at Pratt & Whitney. 'We look forward to supporting them with the GTF-powered A220 as they return to growth, add frequencies and expand their network.'

The A220, powered exclusively by GTF engines, offers significantly lower operating costs compared to previous generation aircraft. The engines deliver double-digit improvements in fuel and carbon emissions. They also provide a 75% reduction in noise footprint and produce NOx emissions 50% below the International Civil Aviation Organization (ICAO) CAEP/6 regulation.

About Pratt & Whitney
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft and helicopter engines, and auxiliary power units. To learn more visit its www.prattwhitney.com. To receive press releases and other news directly, please sign up here.

Disclaimer

Raytheon Technologies Corporation published this content on 26 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2021 18:10:01 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2022 67 150 M - -
Net income 2022 5 643 M - -
Net Debt 2022 26 072 M - -
P/E ratio 2022 27,0x
Yield 2022 2,20%
Capitalization 143 B 143 B -
EV / Sales 2022 2,52x
EV / Sales 2023 2,35x
Nbr of Employees 174 000
Free-Float 87,2%
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 97,87 $
Average target price 109,63 $
Spread / Average Target 12,0%
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Managers and Directors
Gregory J. Hayes Chairman, President & Chief Executive Officer
Neil G. Mitchill Chief Financial Officer
Mark E. Russell Head-Technology & Global Engineering
Christopher T. Calio Chief Operating Officer
Robin Diamonte Chief Investment Officer
Sector and Competitors