Raytheon reports lower Q3 military sales; 'hand-to-mouth' supply chain through 2024

By Michael Marrow / October 25, 2022 at 1:23 PM
Raytheon Technologies reported a decline in military business sales in the third quarter of 2022 in the company's earnings call this morning, a problem largely attributed to supply chain woes that are expected to last into 2024. The lower military sales impacted Raytheon subsidiaries Collins Aerospace and Pratt & Whitney as well as the company’s space and missile defense divisions, according to a presentation accompanying the earnings call . However, boosted by strong commercial sales, the company raised the lower...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.