Raytheon says Q1 sales, profit likely above guidance, CFO steps down
Raytheon Technologies Corp. said late Friday it is likely to report first-quarter results above guidance, and announced that it had a new chief financial officer. Raytheon previously called for first-quarter sales between $14.8 billion and $15.4 billion, and first-quarter adjusted per-share earnings between 70 cents and 75 cents. Based on preliminary results, sales are likely to come in above the guidance’s mid-point, and adjusted EPS is likely to come in between 87 cents and 90 cents, Raytheon said. In the same statement, the company said that Chief Financial Officer Anthony O’Brien has stepped down, and that Neil Mitchill, the vice president of financial planning and investor relations, has been appointed as his replacement. Mitchill will report directly to Chief Executive Officer Greg Hayes. Mitchill was named in 2019 as the acting senior vice president and CFO of United Technologies Corp., a role in which h
A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Raytheon CEO: President Biden s proposed tax increase to overhaul infrastructure would force the aviation and defense giant to cut investment by one-fifth courant.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from courant.com Daily Mail and Mail on Sunday newspapers.
Share this article
Share this article
TROY, Ohio, April 7, 2021 /PRNewswire/ As the U.S. Air Force extends the operational service life of the B-52 Stratofortress into the 2050s, it has selected Collins Aerospace, a Raytheon Technologies (NYSE: RTX) business, to design and develop a new wheel and carbon brake for the platform, leading to fleet retrofit of 77 aircraft.
Photo courtesy U.S. Air Force
Collins will design the new wheel and carbon brake for the B-52H using the company s proprietary DURACARB® carbon heat sink material. With its increased wear life, DURACARB® will allow the Stratofortress to conduct more landings per overhaul, helping to reduce maintenance time and cost while increasing aircraft availability. DURACARB® s ability to handle higher thermal energy loads during braking will also increase the safety margin when stopping heavily-loaded B-52s.
JAL retires 777 fleet with Pratt & Whitney engines after United incident japantoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantoday.com Daily Mail and Mail on Sunday newspapers.