Aerospace Group:

Business/Financial

Raytheon Technologies Hikes Dividend, Hayes Set To Assume Chairmanship

By Cal Biesecker

Monday, April 26th, 2021

SHARE:

Raytheon Technologies Hikes Dividend, Hayes Set To Assume Chairmanship

Raytheon Technologies Executive Chairman Thomas Kennedy, left, and CEO Greg Hayes. Photo: Raytheon Technologies

Raytheon Technologies [RTX] on Monday said its board has increased the company’s quarterly dividend to 51 cents per share, a more than 7 percent boost from the current dividend, payable on June 17. “The increase in our dividend reflects our long-standing commitment to deliver consistent and growing cash returns to shareowners,” Raytheon Technologies CEO Greg Hayes said in a statement. “The outlook for our company is positive and we remain on track to return $18 to $20 billion to shareowners…

Unmanned Systems

Counter-Drone Needs Will Be Addressed In Next NDAA Based On Iran War Lessons, Banks Says

A Republican senator on Armed Services Committee on Thursday said that defending against Iranian drones has been challenge for U.S. warfighters and will be an area of focus in the […]

Pentagon

Pentagon ‘Working Options’ On Iran Supplemental, May Seek Funds For New Capabilities

The Pentagon is “working options” for a potential supplemental spending request to fund the operation against Iran and replenish munitions used in the strike campaign, with a senior official noting […]

Congress

Wicker Backs “Crash Program” To Supply Ukraine With Low-Cost Weapons

Senate Armed Services Committee (SASC) Chairman Roger Wicker (R-Miss.) on Thursday proposed a rapid effort to supply Ukraine with low-cost weapons to aid that country in turning back Russia. “We […]

Congress

Dem Lawmakers Want To Codify Trump’s Push For More Defense Contractor Accountability

A group of four Congressional Democrats want to codify President Donald Trump’s push to hold defense firms accountable for prioritizing production investments over paying out stock buybacks, and are seeking […]