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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move that strengthens RTX's position in the global aviation market, British Airways announced it has selected Pratt & Whitney GTF engines to power its new fleet of Airbus A320neo aircraft. The agreement covers 33 firm aircraft orders and options for an additional 30, aimed at optimizing fuel efficiency and reducing emissions. Furthermore, both parties signed a 12-year long-term EngineWise Comprehensive services agreement to provide maintenance and technical support for the fleet.
The announcement was made during the Farnborough International Airshow, where major carriers are racing to modernize fleets amid intense competition between engine manufacturers. This deal provides a significant boost for RTX against its rival GE Aerospace, which recently reported an 18% growth in orders in its latest quarterly results according to search data. Per market data, this trend reflects sustained demand for narrow-body aircraft like the Airbus models that dominate orders for both low-cost and legacy carriers.
Regarding market performance, RTX stock stood at $193.51, while AIR.PA closed at €194.32 (as of July 17, 2026). Investors are closely monitoring further updates from the Farnborough Airshow, alongside upcoming economic data in the UK, such as the BRC Retail Sales Monitor, which may provide insights into consumer strength in British Airways' home market.
Update: RTX expanded its momentum by announcing a new $1.81 billion defense contract for the development of advanced naval radar systems. This substantial deal strengthens the group's diversified portfolio, balancing commercial aviation growth with expanding long-term military contracts.
Update: In a separate development strengthening the group's technical partnerships, Pratt & Whitney signed a Technology Development Agreement with GKN Aerospace to expand additive manufacturing collaboration for the F135 military engine. The project aims to produce a full-scale engine case using advanced manufacturing techniques by 2027, with certification targeted for late 2028.