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Commercial Aerospace Lifts Raytheon Technologies In Fourth Quarter

Cal Biesecker By
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Commercial Aerospace Lifts Raytheon Technologies In Fourth Quarter
Raytheon Technologies Chairman and CEO Greg Hayes. Photo: Raytheon Technologies

Raytheon Technologies Corp. [RTX] on Tuesday posted strong fourth quarter financial results driven by its commercial aerospace work. Net income in the quarter soared nearly 400 percent to $686 million, 46 cents earnings per share (EPS), from $135 million (9 cents EPS) a year ago. Excluding acquisition accounting adjustments, restructuring costs, and other non-recurring charges, adjusted earnings of $1.08 EPS topped consensus estimates by six cents a share. For all of 2021, adjusted earnings were $4.27 EPS, which was ahead…

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