Arlington’s Raytheon Technologies Corp. (NYSE: RTX) said Tuesday it is restructuring its four subsidiary companies into three business segments, citing a need to better align with customer needs. The move comes nearly three years after the blockbuster merger of Raytheon and United Technologies Corp. and seven months after the combined company said it was moving its headquarters from Waltham, Massachusetts, to Arlington. The goal of the reorganization is to refigure its current four units: Collins Aerospace, based in Charlotte, North Carolina; Pratt & Whitney, based in East Hartford, Connecticut; Raytheon Intelligence & Space (RIS), based in Arlington; and Raytheon Missiles & Defense (RMD), which is based in Tucson, Arizona. After the reorganization, the three business units will be Collins Aerospace, Pratt & Whitney and Raytheon. The plan is set to be implemented in the second half of the year. “We’re going to look to take the entire portfolio of RIS, Collins and RMD and move the pieces where they most appropriately align from a technology and a customer standpoint,” Raytheon CEO Gregory Hayes said on Tuesday’s earnings call. He highlighted the possibility of contracts related to Department of Defense’s Joint All-Domain Command and Control (JADC2) campaign to link communications […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
