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Business/Financial

Commercial Aerospace, Defense Power Raytheon Technologies In Third Quarter

By Cal Biesecker

Tuesday, October 26th, 2021

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Commercial Aerospace, Defense Power Raytheon Technologies In Third Quarter

Raytheon Technologies Chairman and CEO Greg Hayes. Photo: Raytheon Technologies

Raytheon Technologies [RTX] on Tuesday posted higher sales and net income in the third quarter driven by a rebound in the aftermarket business for commercial aircraft and strong results in its defense businesses, leading the company to boost its earnings outlook for this year. Net income of $1.4 billion, 93 cents earnings per share (EPS), was up more than 500 percent from $264 million (17 cents EPS) a year ago. Adjusted earnings, which exclude acquisition related accounting adjustments, and to…

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