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Search resuls for: "Greg Hayes"


14 mentions found


☆ Factbox: The engine dispute at the heart of Go First's bankruptcy filing
  + stars: | 2023-05-03 | by ( ) www.reuters.com   time to read: +3 min
Here are some details on the U.S. enginemaker's geared turbofan (GTF) engines, which Go First says are at the heart of the crisis. In 2016, Go First received its first A320neo aircraft powered by GTF engines after placing an order for 72 narrow-body jets from Airbus (AIR.PA). Pratt & Whitney is the exclusive engine supplier for the airline's A320neo aircraft fleet. The issues with the GTF engines grounded several A320neo planes in 2017, a year after the engine was launched. In India alone, IndiGo and Go First, among the biggest customers for the A320neo planes, grounded as many as 12 planes at one point, and cancelled dozens of flights.
☆ Raytheon says can support mid-50 Airbus A320 output, backs Boeing target
  + stars: | 2023-02-22 | by ( Abhijith Ganapavaram | ) www.reuters.com   time to read: +2 min
Feb 22 (Reuters) - Aerospace giant Raytheon Technologies Corp (RTX.N) can support a monthly production rate in the mid-50s range for Airbus SE's (AIR.PA) A320 aircraft this year, a target that appears slightly below the planemaker's planned output hike. Speaking at a Barclays conference on Wednesday, Raytheon Chief Executive Officer Greg Hayes backed Airbus rival Boeing Co's (BA.N) planned 737 MAX jet production hike. Boeing aims to raise the production of its bestselling 737 MAX jetliner from about 31 jets a month. Production targets of the planemakers are under the scanner by investors - albeit for different reasons. Raytheon-owned Pratt & Whitney's engines power all Airbus A220 jets and about half of A320neo aircraft.
☆ Raytheon CEO Greg Hayes: Commercial aerospace market recovery will continue throughout '23
  + stars: | 2023-01-24 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRaytheon CEO Greg Hayes: Commercial aerospace market recovery will continue throughout '23Raytheon CEO Greg Hayes joins 'Squawk on the Street' to discuss the market's reaction to Raytheon's earnings results, how worried investors should be about Republican interest in defense spending, and more.
☆ NYSE trading glitch, tons of earnings, a Dow comeback — listen to 'The Homestretch'
  + stars: | 2023-01-24 | by ( ) www.cnbc.com   time to read: +11 min
WHAT'S NEW, WHAT'S HAPPENEDSINCE THE MORNING MEETING. THERE WAS SOMETHING SO CRAZY,WE'VE BEEN TRYING TO GET TO THEBOTTOM OF IT, WHICH JEFF WASJUST IN COMPUTER FAILURE. DON'T KNOW EXACTLY WHO DID IT,BUT WE'VE GOT A LOT OF STOCKSTHAT WERE UP 10, DOWN 20. AND I THINK WHAT'S MOSTSIGNIFICANT RIGHT NOW IS THATTHE MIGHTY DOW HAS MADE ACOMEBACK FROM AN UGLY OPEN. I DO FEEL, HOWEVER, THAT THESTOCK IS NOT TO BE BOUGHT AHEADOF THE QUARTER, BECAUSE NOW ITSELLS AT 22 TIMES EARNINGS.
☆ Watch CNBC's full interview with Raytheon CEO, Greg Hayes
  + stars: | 2022-12-07 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Raytheon CEO, Greg HayesMorgan Brennan speaks with Raytheon CEO Greg Hayes at the 2022 Reagan National Defense Forum.
☆ We're seeing the demand, but we're not seeing the contracts yet, says Raytheon CEO Greg Hayes
  + stars: | 2022-12-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're seeing the demand, but we're not seeing the contracts yet, says Raytheon CEO Greg HayesCNBC's Morgan Brennan talks to Raytheon Technologies Chairman and CEO Greg Hayes on weapons demand as countries around the world increase their defense budgets, China's military buildup and when he expects to see an uptick in revenue.
☆ Commercial aerospace demand is booming, says Raytheon CEO Greg Hayes
  + stars: | 2022-12-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCommercial aerospace demand is booming, says Raytheon CEO Greg HayesRaytheon Technologies CEO Greg Hayes joins CNBC's 'Squawk Box' to discuss the state of the defense and aerospace industry and the company's research and development efforts.
☆ How bots are being deployed inside banks after a pandemic boom in fraud
  + stars: | 2022-12-06 | by ( ) www.cnbc.com   time to read: 1 min
RELATED VIDEOS06:05 How bots are being deployed inside banks after a pandemic boom in fraud03:38 U.S. economy will be tougher in 2023, but I'm not overly pessimistic, says Honeywell CEO01:43 Walmart CEO on rise in retail theft: Prices could go higher and stores will close04:18 Robinhood CEO Vlad Tenev on launching retirement accounts with a 1% match04:12 Commercial aerospace demand is booming, says Raytheon CEO Greg Hayes
☆ Honeywell is well-positioned to capitalize on pockets of strength in the economy
  + stars: | 2022-12-06 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +6 min
Aerospace well positioned Honeywell's aerospace division — which supplies parts to plane makers Boeing (BA) and European rival Airbus — falls on the positive end of the economic spectrum. Warehouse automation weaker While Honeywell's warehouse automation business saw growth in the first two years of the Covid pandemic, it's been hurt by the shift in consumer spending toward services, away from goods. The change in how dollars are being spent has led to challenges for retailers and, by extension, softened demand for Honeywell's warehouse automation offerings. "We look at the other end like warehouse automation, which is really tied to retail growth and products and distribution. This means that revenue growth may decline year-over-year, but each dollar of warehouse automation sales could be more profitable in 2023 than in 2022.
☆ 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.
☆ Watch CNBC's full interview with Raytheon Technologies CEO Greg Hayes
  + stars: | 2022-10-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Raytheon Technologies CEO Greg HayesRaytheon Technologies CEO Greg Hayes joins 'Squawk on the Street' to discuss a strong quarter for demand, production setbacks due to supply chain challenges and labor shortages, and the White House's hesitancy to supply Patriot missiles to support troops in Ukraine.
☆ Supply chain problems still creating challenges, says Raytheon CEO Greg Hayes
  + stars: | 2022-10-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSupply chain problems still creating challenges, says Raytheon CEO Greg HayesRaytheon Technologies CEO, Greg Hayes, joins 'Squawk on the Street' to discuss a strong quarter for demand, production setbacks due to supply chain challenges and labor shortages, and the White House's hesitancy to supply Patriot missiles to support troops in Ukraine.
☆ Raytheon's third-quarter revenue rises on strong aerospace demand
  + stars: | 2022-10-25 | by ( Mike Stone Nathan Gomes | Mike Stone | Nathan Gomes | ) www.reuters.com   time to read: +2 min
Oct 25 (Reuters) - Aerospace supplier Raytheon Technologies Corp (RTX.N) on Tuesday posted a near 5% rise in its third-quarter revenue, as strong air travel demand allowed the company to sell more engines, parts and services. Register now for FREE unlimited access to Reuters.com RegisterBut on the upside, demand for aftermarket sales and services has risen at Pratt & Whitney and Raytheon's avionics and parts unit Collins Aerospace, as planes are forced to use existing fleet for longer. In the third quarter, both Collins Aerospace and Pratt & Whitney recorded double-digit sales. "We note, Raytheon (Pratt and Collins) and Safran intend to implement substantial price increases in Q4 – likely above 10% – for commercial aftermarket parts and services. However, supply chain constraints was a drag on the company's missiles and defense unit, where sales fell 6%.
☆ Sky-high rents hit the aircraft market as Boeing jets top $300,000 a month
  + stars: | 2022-08-25 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +4 min
The world's largest aircraft leasing firms, like Air Lease , Avolon and AerCap , which acquired GE 's airplane leasing business last year, are reaping the benefits. A tight supply of aircraft is driving up the price airlines pay to rent planes, just as travel demand returns. This year's surge in oil prices make newer, fuel-efficient planes more attractive than older ones, and higher interest rates could also drive up lease rates. "That will push lease rates higher through the rest of the year." Cronin said lease rates for Boeing Maxes and Airbus A320neos have risen by 10%-15% so far this year.
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