Raytheon has benefited from the travel resurgence that has prompted jet makers to raise production rates
Aerospace and defense firm Raytheon Technologies Corp on Tuesday posted a near 3% rise in second-quarter revenue, as a surge in air travel boosted demand for its engines and aftermarket services.
Net sales rose to $16.31 billion in the quarter ended June 30, from about $15.8 billion a year earlier. Net income from continuing operations rose to $1.30 billion, or $0.88 cents per share, in the quarter, from $1.04 billion, or $0.69 cents per share, a year earlier.
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