RTX · Earnings call · 2026Q3T · Full report

Commercial Aftermarket Demand

RTX Corp · 2026-10-20 · Importance 26 · Surprise 24

Pratt & Whitney’s aftermarket growth was driven primarily by the GTF program, with additional solid content from the V2500 platform in the third quarter. V2500 aftermarket growth is expected to slow in the fourth quarter based on the mix of engine inductions and shop visits. Pratt & Whitney remains on track for approximately 800 shop-visit inductions in 2026, with the rate expected to remain broadly flat year over year while V2500 content increases. Management expects GTF growth to increasingly outweigh the structural decline in V2500-powered aircraft.

Key facts

• In Q3, commercial aftermarket was up 16% organic growth despite global RPKs declining slightly year over year.
• Collins commercial aftermarket sales were up 9% with mods and upgrades up 18%, provisioning up 12%, and parts and repair up 7%.
• Management expects the number of shop-visit inductions to be pretty flat and consistent year over year.
• Management expects the V2500-related aftermarket growth to slow down in the fourth quarter based on the mix of inductions and engines going through the shop.
• Management expects increasing content on the V2500 program.
• Q3 aftermarket was lifted a little bit by particularly strong content on the V2500 program.