Raytheon’s third-quarter revenue rises on strong aerospace demand

Oct 25 (Reuters) – Aerospace supplier Raytheon Technologies Corp (RTX.N) on Tuesday posted a near 5% rise in third-quarter revenue as air travel demand buoyed parts and services sales, though lingering supply chain issues spurred the company to trim its 2022 sales outlook.Raytheon, whose customers include Boeing Co (BA.N) and Airbus SE (AIR.PA), has benefited from the planemakers raising their output, increasing demand for engines, though labor shortages have hit deliveries.The resulting engine shortage has led to a feud with Airbus as the planemaker targets raising narrowbody production over the next few years.Register now for FREE unlimited …
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