Cost-saving: A file picture showing people passing a Raytheon stand at an event. The company is planning to consolidate some of its manufacturing real estate in lower-cost locations and reimagining what those factories should look like on the inside. — Reuters
THE future of work at Raytheon Technologies Corp is going to mean fewer people in offices and more robots on the factory floor.
The aerospace and defense giant on Tuesday reported third-quarter earnings and free cash flow that were better than analysts had expected, even as the recovery in the commercial side of its business continues at a snail’s pace.
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