RTX · Earnings call · 2026Q3T · Full report
GTF Aftermarket Demand
RTX Corp · 2026-10-20 · Importance 32 · Surprise 24 · In source text
The majority of Pratt & Whitney’s aftermarket growth came from the GTF program, while V2500 aftermarket content also remained solid in the third quarter. Pratt & Whitney was on track for approximately 800 shop visits in 2026 through the end of the third quarter, with no change expected to that outlook in the fourth quarter. Management expects shop-visit inductions to remain broadly flat year over year, with increasing content on the V2500 program. GTF-driven growth is expected to outweigh the structural decline in V2500-powered aircraft over time.
Key facts
- PW1100 MRO output was up over 35% year over year in the quarter and is up over 30% year to date.
- Neil said Pratt will see strong, low-double-digit increases in shop visits as we go into 2027 and beyond.
- Management expected about 800 shop visits for 2026.
- About 80% of contracts for the GTF program are under a long-term contract and the vast majority of those are pay-at-shop-visit.
- About 60% of the Pratt Canada fleet has not yet seen a first shop visit.
- The majority of the quarter's aftermarket growth at Pratt came from the GTF aftermarket.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | — | PW1100 MRO output was up over 35% year over year in the quarter and is up over 30% year to date. |
| revenue | positive | probable | — | Neil said Pratt will see strong, low-double-digit increases in shop visits as we go into 2027 and beyond. |