Greg Hayes: Raytheon Technologies Defense Work to Account for About Two-Thirds of 2020 Sales

Greg Hayes: Raytheon Technologies Defense Work to Account for About Two-Thirds of 2020 Sales
Greg Hayes CEO Raytheon Technologies

Raytheon Technologies CEO Greg Hayes said the company’s defense work will represent about 67 percent of sales in 2020, Inside Defense reported Monday.

The "defense businesses will generate about two-thirds of our sales this year; one-third will be commercial aero," Hayes said at a Morgan Stanley conference. "That's a little different than the balance we had originally thought, which was going to be somewhere around 50-50 or maybe 55-45 with defense in the lead."

He said the company plans to reduce its footprint to generate savings and is seeing opportunities in the international market, particularly in the Middle East.

"With peace breaking out in the Middle East to some extent — or at least a normalization of relations — we see opportunities on the international side to provide our partners over there with some of the same technology that we've been providing to the Kingdom of Saudi Arabia and Israel," Hayes said.

You may also be interested in...

Cristal Rice VP-Readiness

PAE Names Cristal Rice as VP of Readiness, Sustainment; John Heller Quoted

PAE has appointed Cristal Rice as the vice president of its Readiness & Sustainment group. Rice is an aerospace industry executive with that has deep experience in team leadership and business development. “Cristal has a demonstrated track record for leading high-performing teams and standing up new business development organizations,” said PAE president and CEO, and 2020 Wash100 Award recipient, John Heller

Josh Schoeller CEO LexisNexis Health Care

LexisNexis Risk Solutions Names New Executives to Health Care Business; Josh Schoeller Quoted

LexisNexis Risk Solutions has appointed new executives to its Health Care Business leadership team. Dave Corbett will serve as head of Sales and Client Engagement and Jeff Diamond has been promoted to senior vice president of Commercial Operations. “[Corbett] brings tremendous experience in nurturing client relationships and leading high-performing sales teams that will help us deliver more value for our clients,” said Josh Schoeller, CEO of LexisNexis Risk Solutions' health care business.

Don Brown GM of Government Services Telesat

Don Brown: Telesat’s US Subsidiary to Help Lockheed, SDA Test Commercial-Gov’t Space Network Interoperability

A Telesat subsidiary will participate in a Lockheed Martin-led team that won a $187.5M contract from the Space Development Agency to provide 10 space vehicles with communication links to explore interoperability between commercial and government satellites.