Approximately three years since the blockbuster merger between Raytheon and UTC, the resulting Raytheon Technologies Corp. has decided to reorganize its four business units into three. The defense contractor (NYSE: RTX), one of the state’s largest employers , is anticipating another year of big changes, after last year moving its headquarters to Virginia to be closer to its biggest customer, the federal government. It left behind its existing Waltham office and more than 12,000 employees based in the Bay State, saying it had no immediate plans to reduce headcount here. In its quarterly earnings release Tuesday, Raytheon said it plans to realign its business units around three segments, citing a need to better align with customer needs. The goal would refigure its current four units: Collins Aerospace, based in Charlotte, North Carolina; Pratt & Whitney, based in East Hartford, Connecticut; Raytheon Intelligence & Space, based in Arlington, Virginia; and Raytheon Missiles & Defense, which is based in Tucson, Arizona. After the reorganization, the three business units would be Collins Aerospace, Pratt & Whitney and Raytheon. The plan is set to be implemented in the second half of the year. Asked whether the reorganization means folding the intelligence unit into […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
