Sign In
Search
Business/Financial

Raytheon Technologies’ Profit Falls On Continued Weakness In Commercial Market

Cal Biesecker By
SHARE:
Raytheon Technologies’ Profit Falls On Continued Weakness In Commercial Market
Raytheon Technologies Chairman and CEO Greg Hayes. Photo: Raytheon Technologies

Raytheon Technologies [RTX] on Tuesday reported lower third quarter earnings due to continued weakness in commercial aerospace although the results, adjusted for various charges, topped analysts’ expectations. Net income in the quarter of $264 million, 17 cents earnings per share (EPS), was down 76 percent from $1.1 billion ($1.33 EPS) a year ago. Excluding discontinued operations, namely Otis and Carrier segments of the former United Technologies Corp., and charges related to the COVID-19 impacts on the economy, accounting adjustments and…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at [email protected] or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

HII Reports Lower Earnings, Higher Sales In First Quarter

Business/Financial

L3Harris Opens With Strong Third Quarter; Raises Earnings Outlook

Business/Financial

SAIC’s Earnings Down, Sales Up In Second Quarter

Business/Financial

Taxes Trim Leidos’ Fourth Quarter Earnings Despite Strong Sales

Trending

New Electro-Optical Commercial Services Program Advised by Senate Defense Appropriators
Senate Appropriators Restore $1.4 Billion For Navy’s Sixth-Gen Fighter Program In FY ‘26 Spending Bill
Senate Appropriators Approve FY ‘26 Defense Bill With $21.7 Billion Increase, Address DoD’s Funding Errors
Big Department of Air Force Plus Ups from SAC-D Include C-130J; JASSM; EA-37B; Tranche 3, Transport Layer
Northrop Grumman Announces Completion of First Qualification Test of Sentinel Stage-Two Solid Rocket Motor

Contract Updates

BAE Systems Space & Mission Systems Inc. (Boulder, Colorado) – $48,000,000

BAE Systems Space & Mission Systems Inc., Boulder, Colorado, was awarded a $48,000,000 firm-fixed-price contract for the study, design, development, enhancement, testing, and procurement of advanced communication-electronics technologies. Bids were solicited via the internet with one received. Work locations and…

Portus Stevedoring LLC (Jacksonville, Florida) – $8,292,583

Portus Stevedoring LLC, Jacksonville, Florida, is awarded a not-to-exceed $8,292,583 firm-fixed-price, indefinite-delivery/indefinite-quantity contract with a five-year ordering period for stevedoring and related terminal services. This contract provides for full range of stevedoring and related terminal services to include the receipt,…

Foster Miller doing business as QinetiQ North America (Waltham, Massachusetts) – $11,310,230

Foster Miller, doing business as QinetiQ North America, Waltham, Massachusetts, is awarded an $11,310,230 firm-fixed-price modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00174-21-D-0019) to exercise Option Year Four for production, engineering support, and post-production support of the MK 2 Man…

EnergySolutions Services Inc. (Oak Ridge, Tennessee) – $13,336,650

EnergySolutions Services Inc., Oak Ridge, Tennessee, is being awarded a $13,336,650 firm-fixed-price, indefinite-delivery/indefinite-quantity contract action (N42158-25-D-E001) for nuclear services for the processing, recycling and disposal of radiologic materials through disassembly, decontamination, metal melting, compaction, incineration, resin sluicing/dewater, bulk waste assay…

The Force Multipliers

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Force Multipliers

Chris Wilson – Qlik

Force Multipliers

Tim Solms – Slingshot Aerospace

Job Feed

Post a Job // Post a Resume