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(Reuters) -U.S. aerospace manufacturer Raytheon Technologies Corp on Tuesday lifted the lower end of its full-year sales forecast on strong performance of its defense unit and a recovery in commercial air travel.
FILE PHOTO: The Raytheon stand is seen at the 53rd International Paris Air Show at Le Bourget Airport near Paris, France June 21, 2019. REUTERS/Pascal Rossignol
Neil Mitchill, Raytheon’s newly appointed chief financial officer, said in an interview that “increasing confidence and a commercial aero recovery that we began to see take hold at the end of the first quarter” led to the company’s view for 2021.
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