Embraer's Orders Unaffected By Issues With Pratt & Whitney Engines: Report
Portfolio Pulse from Akanksha Bakshi
Embraer SA (NYSE:ERJ) dismissed concerns that engine supplier Pratt & Whitney's troubles would prevent airlines from placing orders. The Brazilian planemaker hinted at potential order announcements at the upcoming Paris Airshow. Raytheon Technologies Corp's (NYSE:RTX) subsidiary Pratt & Whitney has been facing engine issues.
May 26, 2023 | 1:39 pm
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NEUTRAL IMPACT
Raytheon Technologies Corp's subsidiary Pratt & Whitney has been facing engine issues, but Embraer dismissed concerns that it would prevent airlines from placing orders.
Although Pratt & Whitney, a subsidiary of Raytheon Technologies Corp, is facing engine issues, Embraer's dismissal of concerns regarding order placements mitigates the potential negative impact on RTX's stock price in the short term. The situation remains neutral for RTX.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 75
POSITIVE IMPACT
Embraer dismisses concerns about Pratt & Whitney's engine issues and hints at potential order announcements at the Paris Airshow.
Embraer's dismissal of concerns regarding Pratt & Whitney's engine issues and the hint at potential order announcements at the Paris Airshow indicate positive sentiment for the company. This could lead to increased investor confidence and a short-term positive impact on ERJ's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100