:

Business/Financial

Commercial Aerospace Recovery Powers Raytheon Technologies Higher In Second Quarter

By Cal Biesecker

Tuesday, July 26th, 2022

SHARE:

Commercial Aerospace Recovery Powers Raytheon Technologies Higher In Second Quarter

F135, Pratt & Whitney's engine that powers the F-35. (Photo: Pratt & Whitney)

Raytheon Technologies [RTX] on Tuesday posted higher sales and earnings in its second quarter driven by the ongoing recovery in commercial air travel, but the company’s defense businesses were largely down in the period. The company’s defense business continues to be beset by supply chain challenges and labor availability, and was also impacted by delays in some contract awards, Greg Hayes, chairman and CEO of Raytheon Technologies, said on a call with analysts. For most of its commercial businesses, Raytheon…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]