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Business/Financial

To Cope With Commercial Crisis, Raytheon Technologies Will Transfer Some Workers To Defense

By Cal Biesecker

Friday, April 3rd, 2020

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To Cope With Commercial Crisis, Raytheon Technologies Will Transfer Some Workers To Defense

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

Raytheon Technologies [RTX] CEO Greg Hayes last Friday said that the company will transfer some of its commercial workers to defense projects to help the newly merged aerospace and defense giant maintain its workforce with the coming downturn in the commercial aerospace market. “We’ve got a great workforce and frankly with the backlog on the defense side we’re working hard today to make sure that we transition work from the commercial aerospace side to the defense side of the business,”…

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