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Raytheon receives $200 million order for Moroccan F-16 engines

Raytheon receives $200 million order for Moroccan F-16 engines
defenceweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from defenceweb.co.za Daily Mail and Mail on Sunday newspapers.

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GE Aviation Just Won a Huge Order | The Motley Fool

Author Bio
Adam Levine-Weinberg is a senior Industrials/Consumer Goods specialist with The Motley Fool. He is an avid stock-market watcher and a value investor at heart. He primarily covers airline, auto, retail, and tech stocks. Follow him on Twitter for the latest news and commentary on the airline industry! Follow @AdamLLW
It s no secret that 2020 was a rough year for the global aviation industry.
General Electric s (NYSE:GE) massive aviation business didn t escape the carnage. Revenue fell 33% year over year to $22 billion. Orders dropped 41% to $21.6 billion. Segment profit plummeted 82% to $1.2 billion. And free cash flow fell to zero from $4.4 billion in 2019. ....

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General Electric, Raytheon Technologies, and the $7 Billion Race

Raytheon Technologies (NYSE:RTX) look like excellent options for investors. Both are set to substantially increase earnings and free cash flow (FCF) in the coming years. Instead of thinking about them as suffering companies in the beaten-down aerospace industry, there s a case for arguing that they are both embarking on a multi-year growth trajectory that will lead them to substantive FCF generation. The question is: Which will get to $7 billion in FCF first?
CEOs set out their stall
The CEOs of both companies have publicly declared that they will get FCF to at least $7 billion in due course. On GE s recent first-quarter earnings call, CEO Larry Culp reiterated the company s target of a high-single-digit FCF margin by 2023, arguing that if GE got back to revenue of $85 billion to $90 billion in 2023, a high-single-digit margin would get us to a $7 billion free cash number. ....

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Raytheon wants CT women and people of color in high-tech positions - and is willing to pay for it

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Raytheon wants CT women and people of color in high-tech positions - and is willing to pay for it
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Pratt & Whitney employees at a food drive in East Hartford, Conn., where the jet engine maker is based as a subsidiary of Raytheon Technologies. (Photo courtesy Raytheon Technologies)/Show MoreShow Less
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Students on summer internships in 2017 at East Hartford-based Pratt & Whitney. (Twitter photo courtesy Raytheon Technologies)/Show MoreShow Less
Raytheon Technologies, a Waltham, Mass.-based company with about 16,000 employees in Connecticut, announced it will commit $500 million over the coming decade to open up more opportunities for young women, minorities and veterans. ....

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Raytheon wants CT women and people of color in high-tech positions - and is willing to pay for it

Raytheon wants CT women and people of color in high-tech positions - and is willing to pay for it
theridgefieldpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theridgefieldpress.com Daily Mail and Mail on Sunday newspapers.

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