RTX Picks Insider Phil Jasper As President Of Its Raytheon Unit
Portfolio Pulse from Shivani Kumaresan
RTX Corp (NYSE:RTX) has appointed Phil Jasper as the President of its Raytheon subsidiary. Jasper, succeeding Wesley D. Kremer who will retire at the end of Q1 2024, will report to RTX's President and COO Christopher T. Calio. Jasper previously led Collins Aerospace's Mission Systems and has been instrumental in integrating RTX's connected battlespace solutions. Additionally, Troy Brunk, Heather Robertson, and Nathan Boelkins have been named to leadership roles within Collins Aerospace. RTX shares closed slightly lower at $85.41.
January 05, 2024 | 11:36 am
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POSITIVE IMPACT
Phil Jasper's appointment as President of Raytheon and the leadership changes at Collins Aerospace may signal a strategic focus on connected battlespace solutions, which could positively influence RTX's future performance.
The appointment of an experienced insider like Phil Jasper, known for business transformations, could be viewed positively by investors as it suggests continuity and a focus on growth areas such as connected battlespace solutions. However, the slight dip in share price indicates a neutral to mildly positive short-term market reaction.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80