Raytheon delivered a mixed set of results in the face of significant macroeconomic challenges, including labor and supply chain constraints, managing record levels of inflation, and transitioning out of Russia. The company brought new technologies to market, and it drove further digitation and automation through product sustainment and manufacturing. On Raytheon’s commercial side, it saw continued advancements on the path of sustainable aviation with developmental flight testing of the GTF Advantage engine, which enhances its position as the leader in CO2 emissions and fuel efficiency. Raytheon also completed the foremost engine test run for its provincial hybrid flight demonstrator. As Raytheon completed three years of its merger with UTC Aerospace business this quarter, it had achieved various objectives, including exceeding its original synergy commitment. The management plans to streamline its structure with three focus segments to a customer-centric organization: Pratt & Whitney, Raytheon, and Collins Aerospace. Labor availability is a major constraint for now and the company is looking to work hard towards achieving reduced attrition and strategic retention. We provide the stock of Raytheon with a ‘Hold’ rating and a revision in the target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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