- July 28, 2021
- Posted by: Stratford Team
- Category: Business
COMPANIES
The one hiccup in Raytheon’s hefty defense business
Both domestic and global recoveries in commercial air travel are one half of the story of Raytheon Technologies, which continues to see a return of air traffic to pre-pandemic levels as coming in 2024.
For the record: Raytheon’s outlook on that front is getting more optimistic. The company also remains pleased regarding its defense and government businesses, though with one slight headwind.
During Raytheon’s second quarter earnings call Tuesday, CEO Greg Hayes told investors the international defense business has “seen a little bit of an impact this year with the pandemic and the havoc that’s wreaked on budgets.”
Include travel restrictions as among those impacts too. Though the defense and government backlog was at around $66 billion as of the second quarter’s end. Hayes told analysts that…
