Airbus (EADSY), RTX‘s (RTX) Pratt & Whitney business and Cebu Pacific, or CEB, signed a memorandum of understanding for CEB’s purchase of up to 152 A321neo aircraft for estimated $24B, the largest aircraft order in Philippine aviation history. The binding MOU covers firm orders for up to 102 A321neo, plus 50 A320neo family purchase rights. CEB has selected Pratt & Whitney GTF engines to power the future aircraft. The purchase agreement to finalize this transaction is expected to be completed in Q3.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RTX:
- Options Volatility and Implied Earnings Moves This Week, July 22 – July 26, 2024
- RTX price target raised to $102 from $96 at RBC Capital
- Raytheon Announces Leadership Transition at Collins Aerospace
- RTX business establishes new customer service center in Bengaluru
- RTX’s Pratt & Whitney completes F135 engine core upgrade PDR