NEW YORK, NY / ACCESSWIRE / July 26, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of RTX Corporation (f/k/a Raytheon Technologies Corporation) ("Raytheon" or "the Company") (NYSE:RTX). Investors who purchased Raytheon securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site:www.bgandg.com/rtx.
The investigation concerns whether Raytheon has violated federal securities laws.
Investigation Details:
On July 25, 2023, RTX issued a press release announcing an update on the aircraft fleet of its Pratt & Whitney subsidiary. Raytheon stated that "Pratt & Whitney has determined that a rare condition in powdered metal used to manufacture certain engine parts will require accelerated fleet inspection. This does not impact engines currently being produced. As a result, the business anticipates that a significant portion of the PW1100G-JM engine fleet, which powers the A320neo, will require accelerated removals and inspections within the next nine to twelve months, including approximately 200 accelerated removals by mid-September of this year." On this news, Raytheon's stock price fell $9.91 per share, or 10.22%, to close at $87.10 per share on July 25, 2023.
What's Next?
If you are aware of any facts relating to this investigation or purchased Raytheon securities, you can assist this investigation by visiting the firm's site:www.bgandg.com/rtx. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
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Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC