Raytheon Technologies adds $800 million to U.S. pension plans in Q4
Bloomberg
Raytheon Technologies Corp., Waltham, Mass., contributed $800 million to its U.S. defined benefit plans in the fourth quarter, spokesman Chris Johnson said in an email.
The aerospace and defense systems provider disclosed the discretionary contribution in an 8-K filing Tuesday. The company is the entity resulting from the merger of Raytheon Co. and United Technologies Corp. that closed in April.
In their respective 10-K filings with the SEC in February 2020, Raytheon and UTC had disclosed expected contributions in 2020 of $319 million and $125 million, respectively, to their respective global DB plans.
US has not halted arms sales: MOFA
NO PAUSE: The US has suspended pending arms sales to the UAE and Saudi Arabia, but Taiwan has not received any such notification, the Ministry of Foreign Affairs said
By Lu Yi-hsuan and Kayleigh Madjar / Staff reporter,
with staff writer and bloomberg
There has been no indication that the US is to pause or alter arms sales to Taiwan, the Ministry of Foreign Affairs (MOFA) said yesterday, after Washington placed a hold on weapons sales to the United Arab Emirates (UAE) and Saudi Arabia.
The ministry is keeping an eye on reports regarding suspension of arms sales to certain countries, but has yet to see Taiwan come up, ministry spokeswoman Joanne Ou (歐江安) said during a news briefing in Taipei.
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Boeing takes US$6.5B charge on new delay to 777X jetliner
Julie Johnsson, Bloomberg News VIDEO SIGN OUT
Boeing Co. pushed back the debut of its 777X jetliner and said it would absorb a US$6.5 billion pretax charge, citing the coronavirus pandemic and close regulatory scrutiny of its newest plane.
The first delivery of the behemoth 777X wonât be until late 2023, three years behind the initial schedule, Boeing said in an earnings statement Wednesday. Additional writedowns brought total charges to US$8.3 billion, with hits to the companyâs services division and a military tanker, to close out one of the worst years in th U.S. planemakerâs century-long history.