Transportation
RTX Probed by SEC Over Disclosures in Huge Jet-Engine Recall
- Investigation adds to pressure from costly metal powder flaw
- Company in January saw recall costs in line with estimates
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RTX Corp. is under investigation by US securities regulators over the aerospace and defense giant’s disclosures about a manufacturing flaw that led to a costly recall of engines powering Airbus SE’s top-selling aircraft.
The company received subpoenas related to the probe in November and January from the Securities and Exchange Commission, RTX said late Monday in a regulatory filing. The agency sought engineering, financial and other documents in connection with the probe, RTX said.