RTX discloses SEC subpoenas related to engine recall

In a regulatory filing, RTX disclosed that on November 7, 2023 and January 30, 2024, the company received subpoenas from the SEC seeking engineering, operational, organizational, accounting, and financial documents in connection with an investigation relating to the company’s disclosures in 2023 of issues arising from Pratt & Whitney’s use of powder metal in manufacturing various engine parts, its identification of certain risks associated with those manufacturing processes, and corrective actions identified by Pratt & Whitney to mitigate those risks. The company is cooperating with the SEC and is responding to the subpoenas.