Story
RTX Appoints Jill Albertelli as New President of Pratt & Whitney Engine Division
RTX Corp. (NYSE:RTX) has announced a key leadership transition at its Pratt & Whitney engine division, appointing veteran executive Jill Albertelli as its next president. Shares of the aerospace and defense giant rose slightly in after-hours trading on Tuesday following the news.
Details of the Transition
Albertelli is set to take the helm on Jan. 1, 2027, according to a company statement. She will succeed the current president, Shane Eddy, who has decided to retire after a career of more than 40 years with the company.
To facilitate a smooth handover, Eddy will remain with RTX as a special advisor through March 2027. Eddy has served as president of the crucial engine-making division since 2022, guiding it through a multi-year transformation and production increases for key programs.
A Veteran Steps Up
AdAlbertelli is a long-serving Pratt & Whitney executive, with over three decades of experience across numerous functions within the business. Her expertise spans engineering, manufacturing operations, quality, supply chain management, and commercial sales.
She most recently served as president of Pratt & Whitney’s Military Engines business. In that role, RTX credited her with securing the company’s sole-source propulsion position on the F-35 fighter aircraft and improving delivery and quality for the F135 engine. "Her proven track record and deep understanding of the business and our customer base make her the right person to lead Pratt & Whitney into the future," said RTX Chairman and CEO Chris Calio.
Market Reaction
Following the announcement, shares of RTX stock edged up 1% in after-hours trading. The planned and orderly transition at a critical business unit appears to have been received calmly by investors, signaling confidence in the company's succession planning.
Read next
More on Stocks
FTC Orders Walmart, Uber, Delta to Disclose Data on Personalized Pricing
The U.S. Federal Trade Commission is demanding nine major companies, including leading retail, travel, and gig economy firms, to provide information on how they use consumer data for setting individual prices and wages.
Google Launches Gemini 4 Carbon AI Model to Bolster Cybersecurity Capabilities
Alphabet's Google has unveiled Gemini 4 Carbon, its latest AI model specifically designed for advanced cybersecurity tasks like vulnerability detection and secure code generation. The launch escalates competition with rivals OpenAI and Anthropic in the enterprise AI market.
Oracle Shares Surge After Unveiling $225 Billion Revenue Target for 2030
Oracle stock rose sharply after the company presented a long-term financial outlook targeting at least $225 billion in annual revenue by fiscal 2030, driven by its expanding AI infrastructure business.
DOJ Scrutinizes Nvidia's $12.9B Hugging Face Deal Amid Broader Antitrust Probe, Sources Say
The U.S. Department of Justice is reportedly examining Nvidia's planned $12.93 billion acquisition of AI platform Hugging Face as part of a wider, ongoing antitrust investigation into the chipmaker's market conduct.