Striking Pratt engine workers to resume talks with RTX on Thursday
1. RTX is resuming negotiations with 3,000 striking Pratt & Whitney workers. 2. The strike, now in its third week, may affect production and costs.
FAQ
Why Bearish?
Strikes can disrupt production and lead to increased costs, historically affecting stock prices negatively. Similar instances in the aerospace industry have shown temporary price declines during prolonged strikes.
How important is it?
Ongoing negotiations can impact investor sentiment and operational costs, potentially affecting RTX's performance in the market.
Why Short Term?
The immediate effects of the strike will likely be felt in the coming weeks as negotiations progress. Future stock performance will depend on the outcome of these negotiations.