Hints and tips:
...Lockheed Martin has lost 10 per cent in the past year and RTX, formerly known as Raytheon, has declined by 9 per cent....
...Lockheed Martin jumped almost 5 per cent, RTX Corp, formerly Raytheon Technologies, rose 4.5 per cent, Northrop Grumman increased 4.3 per cent and General Dynamics was up 3.2 per cent....
...US aerospace and defence group RTX Corp, formerly Raytheon, expects to take a $3bn hit from issues with roughly 1,200 Pratt & Whitney engines fitted to Airbus jets....
...Pratt & Whitney parent RTX Corp, formerly Raytheon Technologies, said last month it discovered contaminants in the metal used to manufacture some engine parts, and airlines have been rushing to avoid cancellations...
...Shares in Raytheon Technologies, which makes the Patriot missile defence system and is the biggest US weapon maker by market value, are flat....
...Raytheon chief executive Greg Hayes said that of the group’s 13,000 suppliers, roughly 400 “are a problem for us”....
...The principal contractor for the $293mn deal is Raytheon Technologies....
...This has shrunk to five highly diversified companies: Lockheed, Raytheon Technologies, Boeing, General Dynamics and Northrop Grumman....
...Raytheon shares were down 3.5 per cent at $91.27 on Tuesday....
...L3Harris, itself formed from the 2019 merger between L3 Technologies and Harris Corp, specialises in satellite and communication technology....
...On an earnings call last week, Greg Hayes, chief executive of Raytheon, which owns engine maker Pratt & Whitney, said the lack of castings stemmed from labour shortages....
...Raytheon, another major defence contractor, has already signalled that it would take the company a “little bit of time” to make more Stingers....
...Today, there are two types of space company: legacy ones such as Boeing, Lockheed Martin and Raytheon, and so-called “New Space” companies such as Rocket Lab, Virgin Galactic and Spire....
...Greg Hayes, Raytheon’s chair and chief executive, underscored how critical small producers could be to large groups with complex supply chains....
...American defence companies such as Lockheed Martin or Raytheon are constantly working on product innovation, with both taxpayers’ and shareholders’ money....
...A regional spokeswoman for Pratt & Whitney referred questions about the impact of the US defence department’s move to parent company Raytheon Technologies....
...The company also plans a merger with Raytheon that it hopes to close in the first half of this year....
...BAE is also buying Raytheon’s airborne tactical radio unit for $275m....
...Raytheon’s all-stock $120bn merger with United Technologies, two companies also hit by Boeing’s woes, was approved last week after some concerns it could be delayed due to the impact of coronavirus....
...In a departure from his activist persona, Mr Ackman decided to walk away from United Technologies after the company announced a merger with defence contractor Raytheon....
...Integration should be easier for UTC and Raytheon because no new debt will be issued....
...“This is not about just being bigger,” Toby O’Brien, Raytheon chief financial officer, told the Financial Times in an interview....
...Activist investor Dan Loeb has come out against United Technologies’ proposed merger with the defence contractor Raytheon, echoing sentiments made by fellow activist Bill Ackman in opposition to the deal...
...Would he consider a merger between Raytheon and the aerospace businesses of UTC? The timing was not ideal but the proposal was....
...The Raytheon deal scrambles his calculations....
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