NYSE:RTX Investor Notice: Lawsuit Alleges Securities Laws Violations by RTX Corporation

A lawsuit was filed on behalf of investors in RTX Corporation (NYSE:RTX) shares over alleged securities laws violations.


San Diego, CA -- (SBWire) -- 08/15/2023 --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.

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.

Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.

Media Relations Contact

Michael Daniels
Shareholders Foundation, Inc.

View this press release online at: http://rwire.com/1376986