Raytheon seems well-armed against today’s markets

At a time when economic indicators warn of a recession, travel demand is voracious, investors could find an aerospace and defense conglomerate Raytheon Technologies less outdated than they thought.

The stock fell on Tuesday after Raytheon reported second-quarter revenue that fell short of Wall Street expectations. Rocket engine supply issues, among other supply chain issues, led to disappointing sales in its Missiles and Defense division. Engine-maker Pratt & Whitney, which powers the ubiquitous Airbus A320 jet family, said last week it was unlikely to meet Airbus’ target of 75 jets per months until 2026, a year later than the aircraft manufacturer would like. .


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button