Lawsuit filed for Investors who lost money with shares of RTX Corporation (NYSE: RTX)

An investor, who purchased shares of RTX Corporation (NYSE: RTX), filed a lawsuit over alleged violations of Federal Securities Laws by RTX Corporation f/k/a Raytheon Technologies Corporation in connection with certain allegedly false and misleading statements.

Investors who purchased shares of RTX Corporation (NYSE: RTX) have certain options and for certain investors are short and strict deadlines running. Deadline: October 2, 2023. NYSE: RTX investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Waltham, MA based Raytheon Technologies Corporation, an aerospace and defense company, provides advanced systems and services for commercial, military, and government customers worldwide. One of RTX's four principal business segments, Pratt & Whitney, produces the PW1000G Geared Turbofan ("GTF") engine family.

On July 25, 2023, Reuters released an article entitled "RTX shares tumble on Pratt & Whitney airliner engine problem," which reported that "more than 1,000 [GTF] engines must [be] removed from Airbus planes and checked for microscopic cracks." Reuters further reported that "RTX said it was reducing its 2023 cash-flow forecast by $500 million to $4.3 billion due to the inspections."

Shares of RTX Corporation (NYSE: RTX) declined from $104.91 per share on April 19, 2023, to $81.35 per share on July 25, 2023.

The plaintiff claims that between February 8, 2021 and July 25, 2023, the defendants made false and/or misleading statements and/or failed to disclose, among other things, that the GTF engines had been affected from at least 2015-2020 by a quality control issue, that this quality control issue would require RTX to recall and reinspect many of its GTF engines, affecting customers and harming its business, and that as a result, Defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times

Those who purchased shares of RTX Corporation (NYSE: RTX) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.