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CLAIM #52574 · RTX Corporation (RTX) · 2025Q3 earnings call · Oct 21, 2025 · due Dec 31, 2025

As it relates to full year negative engine margin, no change to the outlook from the beginning of the year, still within that [ 150 to 200 ] year-over-year headwind. I expect it's going to land somewhere in the middle of that at the end of the year.

Neil Mitchill · CFO

PENDING
graded after results covering Dec 31, 2025 are reported

How to check this claim

Look at: Full-year negative engine margin year-over-year headwind (Pratt & Whitney GTF/engine business, in $ millions)

It came true if: Full-year negative engine margin headwind lands between $150 million and $200 million year-over-year, approximately in the $170-180 million middle of that range

Where: Company earnings release / 10-K segment commentary and Q4/full-year earnings call management commentary (RTX Pratt & Whitney segment discussion)

In context

that forward, the material receipts coming in, we expect a little bit of upside there. The rest sits in the aftermarket. And if you think about the third quarter and the fourth quarter MRO output that we just talked about, that comes with revenue. So there's a heavy mix of that towards the GTF. Obviously, that comes with some profit but not the same kind of profits that we see on the V2500. That said, on the V2500, I talked about 800 shop visits for the full year. I'd say we are right on track. It's been pretty linear throughout the first 3 quarters of the year. So we expect another quarter of about the same level of volume on the V2500. Those shop visits are getting a little bit heavier. And so that's what you're seeing in the top line. And of course, that's dropping to the bottom line. As it relates to full year negative engine margin, no change to the outlook from the beginning of the year, still within that [ 150 to 200 ] year-over-year headwind. I expect it's going to land somewhere in the middle of that at the end of the year. Operator: Next question comes from the line of Seth Seifman with JPMorgan. Seth Seifman: Wanted to ask just a quick clarification and question. Just following up on Sheila's question, at Pratt and GTF, given negative engine margin outlook is still the same, are we still thinking about 14% growth in GTF deliveries for the year and which implies a very, very strong Q4? And then as a question, I guess, as we think about where the company is going to exit this year, balance sheet should be getting into better shape. How do you think about capital deployment as we go forward and maybe balancing the ability to start returning some cash along with maybe some of the investment requirements that might be ahead, especially on the defense side? Neil Mitchill: Yes. Thanks. I appreciate the question t

Verify independently

SEC filings for RTX · Claim quote is verbatim from the 2025Q3 earnings call.