This surge in aftermarket sales may indicate a shift in Pratt & Whitney's revenue streams, which could offset potential declines in original equipment sales. The growth suggests a strong demand for maintenance and repair services, which may benefit the company's bottom line and indicate a competitive advantage in the MRO market.
Aftermarket Sales Drive Growth Amid Engine Durability Issues
Pratt & Whitney has reported a 50% rise in operating profit, driven by a surge in aftermarket sales. The company’s total sales were up 16% in the quarter to June 30, with commercial aftermarket revenue increasing by 25%. Despite a slight dip in original equipment revenue, the overall improved performance is a positive sign for the RTX subsidiary. This news was first reported by Aviation Week.
This surge in aftermarket sales may indicate a shift in Pratt & Whitney's revenue streams, which could offset potential declines in original equipment sales. The growth suggests a strong demand for maintenance and repair services, which may benefit the company's bottom line and indicate a competitive advantage in the MRO market.
Aftermarket Sales Drive Growth Amid Engine Durability Issues
Pratt & Whitney has reported a 50% rise in operating profit, driven by a surge in aftermarket sales. The company’s total sales were up 16% in the quarter to June 30, with commercial aftermarket revenue increasing by 25%. Despite a slight dip in original equipment revenue, the overall improved performance is a positive sign for the RTX subsidiary. This news was first reported by Aviation Week.