Raytheon's Pratt & Whitney Bags LATAM Airlines Contract To Power Additional A320neo Aircraft
Portfolio Pulse from Lekha Gupta
Raytheon Technologies' subsidiary Pratt & Whitney has won a contract from LATAM Airlines to power additional A320neo family aircraft. The deal expands on LATAM Airlines' initial order of GTF engines in 2013 and will now cater to 146 aircraft, including engine maintenance service through a long-term EngineWise Comprehensive service agreement.
June 05, 2023 | 12:24 pm
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LATAM Airlines selects Pratt & Whitney's GTF engines to power additional A320neo family aircraft, expanding their partnership and securing long-term engine maintenance service.
The contract with Pratt & Whitney ensures that LATAM Airlines will receive reliable engines and long-term maintenance service for their additional A320neo family aircraft. This partnership expansion is likely to have a positive short-term impact on LTMAY's stock price as it demonstrates the company's commitment to maintaining a modern and efficient fleet.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Raytheon Technologies' subsidiary Pratt & Whitney secures a contract from LATAM Airlines to power additional A320neo family aircraft, expanding their partnership.
The contract win for Pratt & Whitney, a subsidiary of Raytheon Technologies, is a positive development for the company. It expands their partnership with LATAM Airlines and increases their market presence in the aviation industry. This news is likely to have a positive short-term impact on RTX's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100