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...


Nuxeo Obtains HITRUST CSF Certified Status for Content Mgmt Suite

The Health Information Trust Alliance has granted Nuxeo certified status for information security for its cloud-based content management tool offered through the Amazon Web Services platform.

Gremlins Dynetics

Dynetics Concludes Third Flight Test of Gremlins UAV for DARPA

A Dynetics-made unmanned aerial vehicle demonstrated autonomous and manual safety behaviors in a test flight series for the Defense Advanced Research Projects Agency. The Gremlins Air Vehicle, with its corresponding recovery system, performed seven hours of flight in November, at Utah-based Dugway Proving Ground, Dynetics, a Leidos subsidiary, said Wednesday.


HHS Taps Medallia to Help Augment Customer Experience in Health Services

Medallia will deliver user experience technology to help the Department of Health and Human Services address health-related public sector issues and augment key services for HHS customers. The company said Thursday it offers a government-tailored platform that helps agencies determine how to improve citizen experience based on feedback data.