Had an employee meeting and management stated that Pratt will lose money on the new engine until 2030.
Also had to cut rev's for the 35 to satisfy the government.
Not sure why UTX has gone up 7% in a week but I am taking it off the table at 4.
ragman,........UTX is more than Pratt, global recovery will boost Carrier, Otis and UTC Aerospace Systems. With Boeing and Airbus order books filled for years, UTC will do well." Losing money " on the GTF is an inarticulate way to say that it will take a while to recover development costs, much of which have already been expensed. You can't report profits by losing money on sales. Pratt needs to get back in the game, the GTF may be their ticket to ride.......Regards,....Kid