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Top related persons:
Benoit Tessier - 1 Pratt - 1 Whitney - 1 RTX - 1 Neil Mitchill - 1 Pratyush Thakur - 1 Mike Stone - 1 Valerie Insinna - 1
Top related locs:
Le Bourget Paris France Arlington , Virginia Bengaluru Washington
Top related orgs:
Raytheon Technologies Corporation - 1 International Paris Air - 1 Le - 1 REUTERS - 1 Collins Aerospace - 1 RTX - 1 RTX's Collins Aerospace - 1 Wall - 1

Search resuls for: "Neil Mitchill"


5 mentions found


☆ RTX beats Q3 estimates on Collins business strength, approves $10 bln share repurchase
  + stars: | 2023-10-24 | by ( Pratyush Thakur Mike Stone | Pratyush Thakur | Mike Stone | ) www.reuters.com   time to read: +3 min
The company also approved a $10 billion share repurchase program that will be funded through short and long-term debt. But profit at RTX's Collins Aerospace unit, which deals with commercial aftermarket service, rose 22% to $903 million. RTX reported an overall third-quarter adjusted profit of $1.25 per share, beating Wall Street estimates of $1.21, according to LSEG data. The company now expects reported sales of $68.5 billion, up from about $67.5 billion, and adjusted sales of $74 billion, up from $73 billion. Adjusted earnings per share - previously projected to be $4.95 to $5.05 - are now expected to be between $4.98 and $5.02.
Persons: Benoit Tessier, Pratt, Whitney, RTX, Neil Mitchill, Pratyush Thakur, Mike Stone, Valerie Insinna, Krishna Chandra Eluri, Mark Potter Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Collins Aerospace, Reuters, RTX, RTX's Collins Aerospace, Wall, Intelligence, Services, Raytheon, Thomson Locations: Le Bourget, Paris, France, Arlington , Virginia, Bengaluru, Washington
☆ Raytheon sees castings shortages spilling into next year amid aftermarket demand
  + stars: | 2022-11-08 | by ( Abhijith Ganapavaram | ) www.reuters.com   time to read: +2 min
Supply shortages have crippled aerospace's ability to meet a snapback in demand for travel. The supply of castings has been singled out as problematic by aerospace executives as manufacturing them is a labor-intensive process and it takes time to train new hires. Shortages are now prompting Raytheon to choose between making new engines and servicing old ones. TRAVEL DEMAND A 'WATCH ITEM'Raytheon, whose Pratt & Whitney engines power all of Airbus' A220 jets and about half of the A320neo aircraft, said it had not seen any signs of travel demand, which has turbocharged the industry's recovery, subsiding. However, he added travel demand remains a "watch item", amid recessionary fears.
☆ Pentagon, U.S. arms makers to meet on labor and supply chain
  + stars: | 2022-11-04 | by ( Mike Stone | ) www.reuters.com   time to read: +3 min
Prior meetings between Pentagon officials and top arms makers including Lockheed Martin Corp (LMT.N), Raytheon Technologies Corp (RTX.N) and General Dynamics Corp (GD.N) were focused on Ukraine and hypersonic weapon development. Pandemic related supply-chain issues are still hurting defense contractors because components and materials fail to arrive on time, which delays production and ultimately payment. read moreTHE LONGEST POLEIn the meantime, the defense industry is taking steps on its own to shore up supplies and labor. "If I had to boil it down to the longest pole in the tent, it's the labor issues that are pervasive throughout the supply chain," Raytheon Chief Financial Officer Neil Mitchill told Reuters. read moreReporting by Mike Stone in Washington; Editing by Alexandra Alper and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
☆ CFOs Detail Plans to Manage Inflation, Shifts in Consumer Demand
  + stars: | 2022-10-28 | by ( Kristin Broughton | ) www.wsj.com   time to read: +7 min
Ian Borden, McDonald’s CFO Photo: McDonald'sThere are really a couple of drivers for this year that resulted in that adjusted outlook. I think what I would say, coming into the role, is certainly it’s an area that I’m going to be focused on. But so far, we’ve seen [a] continued strong impact on our recommendations products from advancing developments in our AI work. We do expect that to be considerably higher than what we’ve seen in the past, reflecting the inflation that we’re dealing with across the business. When we talk about the impact of inflation, it is not just a domestic impact, it’s international as well.
☆ Airlines have the passengers. Now they need the planes
  + stars: | 2022-10-25 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +2 min
But new planes are in short supply, they warned, limiting growth and keeping fares high. JetBlue Airways said Tuesday that it was supposed to receive 29 planes from Airbus next year but will only get about 22. That means airlines that had parked planes and slashed growth are now struggling to expand. Boeing and Airbus, which didn't immediately comment, are set to report results on Wednesday and Friday, respectively. Raytheon's Pratt and Whitney engines fly on both Boeing and Airbus planes, and its Collins Aerospace unit supplies both manufacturers.
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