At a time when economic indicators warn of a recession but travel demand is strong, investors can look to aerospace and defense corporations Raytheon Technologies less outdated than they thought.
Shares fell on Tuesday after Raytheon reported second-quarter revenue that fell short of Wall Street expectations. Problems sourcing rocket engines, among other supply chain problems, have led to low sales in its Missiles & Defense division. Engine maker Pratt & Whitney, which supplies the popular Airbus A320 family, said last week that it likely won’t be able to meet Airbus’ target of 75 jets a month until 2026. – a year later than the aircraft manufacturer wanted. .
