RTX to Inspect Hundreds More Engines Through 2026 Due to Rare Manufacturing Defect, Causing Significant Flight Disruptions

RTX will remove 600-700 engines through 2026 for inspections due to a rare powder metal defect.
The expanded inspections will ground an average of 350 planes per year as repairs now expected to take up to 300 days per engine.
The issue will cost RTX and its partners up to $7 billion in lost sales and repairs through 2026.
Engine manufacturers including MTU Aero Engines and Melrose Industries expect significant profit hits from the inspections.
Wall Street analysts have cut price targets on RTX over the substantial scale and disruption of the engine problem.