logo
  

Raytheon Technologies Suspends FY20 Outlook Amid COVID-19 - Quick Facts

While reporting financial results for the first quarter on Thursday, aerospace and defense company Raytheon Technologies Corp. (RTX) said it is not providing an outlook at this time, due to the ongoing uncertainty regarding the scope, severity and duration of the COVID-19 pandemic.

The company added that it will revisit providing a 2020 outlook at its next earnings release.

On April 3, 2020, Raytheon Technologies successfully completed the separation of Otis and Carrier and the merger with Raytheon Co., which was formed in 2020 through its combination with the United Technologies Corp.'s aerospace businesses.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Apple is set to open the Apple Tower Theatre in Los Angeles on Thursday. Apple has converted the 94-year old historic downtown LA art deco theatre into a show-stopping retail store or creative hub for the 21st century. This will be the first Apple Store in downtown LA and the 26th location in greater LA. Bea Lydecker's Naturals, Inc. is recalling six Living Free brand dietary supplement products citing undeclared soy lecithin, the U.S. Food and Drug Administration said. According to the agency, the labels declare lecithin but do not declare soy lecithin. Investment banking major Morgan Stanley plans to block employees and clients who are not fully vaccinated against COVID-19 from entering its New York offices, the Financial Times reported citing an internal memo. The policy is expected to come into effect on July 12, and all unvaccinated employees will lose building access from then onwards.
Follow RTT