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Raytheon CEO: Company could shrink office space by 25%; hybrid work environment way of the future


Raytheon Technologies CEO Gregory J. Hayes said he can see eliminating up to 25% of the conglomerate’s 32 million square feet of office space due to changes in work habits brought on by the COVID-19 pandemic.
“The office has changed,” Hayes said Wednesday during a live-streamed virtual interview with Carlyle Group co-founder David Rubenstein for The Economic Club of Washington, D.C.
Noting that he hasn’t had an in-person board meeting or staff meeting since the former United Technologies Corp. and Raytheon Co. merged to form Raytheon Technologies one year ago, Hayes said telecommuting will be the way of the future. ....

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Raytheon says Q1 sales, profit likely above guidance, CFO steps down


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 w ....

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How do China's supercomputers and wind tunnels function in its aircraft design? | Taiwan News


2021/04/06 20:57
Tianhe-2.
Tianhe-2.
(Wikimedia Commons photo)
TAIPEI (Taiwan News) The West has been very concerned about its technologies being used by Beijing s security apparatus for the surveillance of Chinese citizens.
While the Trump administration took positive steps to curtail the export of Western technologies to China for fear of enhancing its competitiveness, we still need to assess China’s technological capabilities lest we lose sight of the bigger picture.
China’s supercomputers
Among the world s 500 fastest supercomputers in 2020, 227 were Chinese. China s Sunway TaihuLight and Tianhe-2 are ranked the world s third and fourth-fastest, respectively.
This article is meant to argue that this superficial phenomenon could be misleading. ....

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