RTX Sheds Shareholder Class Action Over Pratt Jet Engine Issues

RTX Corp. won its bid to toss a shareholder suit alleging it misled investors about quality control issues that led to a recall of hundreds of engines manufactured by its Pratt & Whitney subsidiary.

The shareholders alleged “no facts” demonstrating the company or its executives were aware of the “‘systemic’ nature” of a manufacturing defect before it was disclosed to investors, Judge Victor A. Bolden of the US District Court for the District of Connecticut said in a Sept. 12 order dismissing the case with prejudice.

RTX revealed in July 2023 that a powdered metal Pratt & Whitney used in ...