RTX CEO Says Finding Qualified Labor Remains A 'Huge Challenge' In Aerospace Industry; Working To Make Sure We Have Alternatives To Chinese Suppliers In The Event Of Geopolitical Tensions
Portfolio Pulse from Benzinga Newsdesk
RTX CEO highlights the ongoing challenge of finding qualified labor in the aerospace industry and the company's efforts to diversify away from Chinese suppliers amid potential geopolitical tensions.
September 10, 2024 | 2:16 pm
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RTX is facing significant challenges in sourcing qualified labor, which could impact its operations and growth. Additionally, the company is actively seeking alternatives to Chinese suppliers to mitigate risks from geopolitical tensions.
The labor shortage in the aerospace industry could hinder RTX's operational efficiency and growth. The move to find alternatives to Chinese suppliers indicates a proactive approach to managing geopolitical risks, but it may involve short-term costs and disruptions.
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