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Raytheon Technologies Swings To Profit In First Quarter

Cal Biesecker By
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Raytheon Technologies Swings To Profit In First Quarter
Raytheon Technologies Chairman and CEO Greg Hayes. Photo: Raytheon Technologies

Raytheon Technologies [RTX] on Tuesday reported an increase in net income in the first quarter due to lower tax expenses and losses from discontinued operations versus a year ago and the company raised the low end of its guidance range for sales and earnings as signs of a recovery in commercial aerospace emerge. The company adding $500 million to its share repurchase plan to $2 billion this year due stronger than expected earnings and cash flow in the quarter, Greg…

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