:

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…

HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]

Congress

House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]