McDonald’s, Coca-Cola and PayPal Holdings are temporarily halting operations in Russia, joining a lengthening list of businesses that are cutting ties with the country or suspending activities there because of the fallout over the invasion of Ukraine nearly two weeks ago.
Raytheon Technologies and Lockheed Martin were hit with sanctions by China,
Raytheon Technologies, parent of Collins Aerospace, is weighing the sale of a navigation systems maker with historical links to Albert Einstein, according to people familiar with the matter.
Raytheon Technologies Corp. CEO and Chairman Greg Hayes, in a fourth-quarter earnings call with analysts and reporters Tuesday morning, deemed 2021 as an “important year for Raytheon.”
The U.S. Defense Logistics Agency has executed a $316 million contract option for BAE Systems’ advanced M-Code global positioning system modules, raising the contract funding to $641 million.
Collins Aerospace announces agreements from the UAE event
The chief financial officer of Raytheon Technologies, parent company of Cedar Rapids’ largest employer, sees mostly blue skies going forward for the aerospace and defense company -- with just possibly a few bumps along the way.
All of Raytheon Technologies’ U.S. employees will be required to be vaccinated.
The parent company of Cedar Rapids’ largest employer Collins Aerospace is optimistic about the commercial aerospace recovery despite the COVID-19 Delta variant.
BAE Systems expects to make 20,000 of the MicroGRAM-M military GPS receivers per year in Cedar Rapids.
The cuts at Cedar Rapids’ largest employer come despite “much, much better” results than expected in the second quarter.
The digital flight tracking platform will be part of Collins Aerospace’s Cedar Rapids-based avionics business unit.
Improved aftermarket sales amid recovery in commercial air travel, contract settlements and continued cost-cutting help Collins Aerospace see improved earnings numbers.
Kelly Ortberg, a longtime leader of Rockwell Collins and most recently a special advisor to Raytheon Technologies’ CEO before retiring this year, made the sale a few weeks before the company’s next earnings call.
Company president bullish on future of avionics, mission systems units
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