RTX shares fall on engine issue requiring accelerated inspections for A320neo jets

• RTX discloses manufacturing problem with some Pratt & Whitney engines requiring accelerated inspections.
• Issue relates to powdered metal used in engine parts, affecting around 200 airplane engines.
• Pratt & Whitney expects about 1,000 engines to be removed from airline fleets over next 9-12 months.
• Major customers affected include Delta Air Lines and Spirit Airlines.
• Despite engine issue, RTX raises 2023 sales outlook to $73-74 billion.

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