RTX CEO Says Have $8B Of Bookings So Far In Raytheon In Q3; Don't See Transformative M&As Like UTC Deal; Open To Pruning Businesses To Focus On Portfolio
Portfolio Pulse from Benzinga Newsdesk
RTX CEO announced $8 billion in bookings for Raytheon in Q3 and stated there are no plans for transformative mergers and acquisitions like the UTC deal. The company is open to divesting non-core businesses to focus on its portfolio.
September 11, 2024 | 4:37 pm
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RTX has secured $8 billion in bookings for Raytheon in Q3, indicating strong business performance. The company is not planning major M&As like the UTC deal but is considering divesting non-core businesses to streamline its portfolio.
The $8 billion in bookings suggests strong revenue performance for Raytheon, positively impacting RTX's financial outlook. The lack of major M&A plans reduces uncertainty, while potential divestitures could enhance focus and efficiency.
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