AirAsia X Orders 150 Airbus A220 Aircraft
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy RTX?
AirAsia X has ordered 150 Airbus (EADSY) A220 aircraft powered by Pratt & Whitney GTF engines, with the first of these aircraft to be delivered starting in 2028. Pratt & Whitney, an RTX (RTX) business, will provide AirAsia with engine maintenance through a 12-year EngineWise Comprehensive service agreement. "Today marks an important milestone as we welcome AirAsia as the newest customer to the GTF family," said Rick Deurloo, president of Commercial Engines, Pratt & Whitney. "This order reflects the airline's confidence in the GTF engine and its unmatched fuel efficiency and smaller noise footprint. It establishes a strong foundation for a partnership that will support AirAsia's growth for the years ahead."
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Analyst Views on RTX
Wall Street analysts forecast RTX stock price to rise
14 Analyst Rating
9 Buy
5 Hold
0 Sell
Moderate Buy
Current: 176.780
Low
168.00
Averages
195.77
High
215.00
Current: 176.780
Low
168.00
Averages
195.77
High
215.00
About RTX
RTX Corporation is an aerospace and defense company, which provides advanced systems and services for commercial, military, and government customers worldwide. The Company operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. Collins Aerospace segment provides technologically advanced aerospace and defense products and aftermarket service solutions for civil and military aircraft manufacturers, commercial airlines, and regional, business and general aviation, as well as for defense and commercial space operations. The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers. The Raytheon segment provides defensive and offensive threat detection, tracking and mitigation capabilities for the United States and foreign government and commercial customers. The Raytheon designs, develops, and provides advanced capabilities in integrated air and missile defense, smart weapons, missiles and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Enhanced Strategic Partnerships: Rocket Lab partnered with defense giant RTX to support the U.S. Defense Department's Space Based Interceptor program, providing launch and satellite technology, thereby increasing its influence in the defense sector.
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See More
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- Record Contract Signings: During the quarter, Rocket Lab signed 31 new contracts for its Electron orbital small rocket and HASTE hypersonic test rocket, along with five dedicated launches for its developmental Neutron launch vehicle, showcasing robust market demand.
- Backlog Expansion: The company's backlog grew by 20% to $2.2 billion, which not only secures future revenue but also indicates sustained attractiveness and customer trust in the aerospace market.
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See More
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- Engine Leasing Market Shift: GTF engines from Spirit's A320s are being removed and leased to other customers, and while leasing rates have not declined, this practice provides limited temporary relief from the supply-demand imbalance, indicating sustained demand for efficient engines.
- Supply Dynamics: With Spirit's bankruptcy, more A320neo planes are expected to enter the market; however, these engines will not be available immediately, which will provide airlines with more options and improve overall supply chain conditions in the long run.
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See More
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See More
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- Enhanced Performance Expectations: The adaptive design of the XA103 engine will provide advanced survivability, fuel efficiency, and robust power and thermal management capabilities, enabling the U.S. Air Force to meet evolving operational needs and maintain global air dominance.
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See More
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- Advanced Design Benefits: The adaptive design of the XA103 engine will provide enhanced survivability, fuel efficiency, and robust power and thermal management capabilities, ensuring the U.S. Air Force can meet evolving operational needs and maintain global air dominance.
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