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Prelude to the Best Sommelier of Canada Contest | SaltWire - RTX reported a near billion dollar quarterly loss on Tuesday, as the aerospace supplier took a hit due to a major quality crisis at its subsidiary Pratt and Whitney, affecting the popular Geared Turbofan engines.
In its second-quarter earnings report, RTX disclosed it had found microscopic containments in powdered metal, used to manufacture high-pressure turbine discs that are part of the engine's core, the presence of which could lead to cracks in the engine. However, two months later, RTX devised a fleet management plan for the affected PW1100 GTF engines and expanded the scope of inspection to pull up to 700 engines off aircraft for lengthy quality inspections.
Pratt and Whitney, a unit of RTX, booked a $2.48 billion operating loss in the reported quarter related to engine recalls and compensations to airlines.
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