RTX's Collins Aerospace delivers first aircraft seats from Philippines facility

(Low)

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Argus Session date unavailable

+1.33% session move Open Argus

Details

News Market Reaction – RTX

The recorded move for RTX in the trading session of this news was +1.33%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

03/13/2024 - 08:00 PM EDT

Meridian® main cabin seats will fly on an Airbus narrow body platform

TANAUAN CITY, Philippines, March 13, 2024 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, recently delivered the first seating shipment from its Tanauan City, Philippines facility to Airbus. The delivery of the Meridian® main cabin seat supports an airline customer's narrow body linefit program, providing passengers with ergonomic comfort, increased living space and ample in-seat storage.

"Adding main cabin seating production to our Philippines facility is a critical milestone in the future of Collins' seating business," said Christophe Blanc, vice president and general manager of Aircraft Seating for Collins Aerospace. "The continued growth of our seating operations in the Philippines not only represents new business and additional jobs in the local area but provides crucial proximate seating support for our customers in the Asia Pacific region."

The site's seating assembly capacity is expected to triple throughout 2024, with deliveries to 14 separate customers across multiple original equipment manufacturer linefits and several retrofit locations.

First opened in 2012, Collins' Philippines facility also manufactures a range of other cabin interior products, including galleys, galley inserts, oxygen equipment and lavatories.

About Collins Aerospace
Collins Aerospace, an RTX business, is a leader in integrated and intelligent solutions for the global aerospace and defense industry. Our 80,000 employees are dedicated to delivering future-focused technologies to advance sustainable and connected aviation, passenger safety and comfort, mission success, space exploration, and more.

About RTX
RTX is the world's largest aerospace and defense company. With more than 185,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems for operational success, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2023 sales of $68.9 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact corporatepr@rtx.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/rtxs-collins-aerospace-delivers-first-aircraft-seats-from-philippines-facility-302084229.html