Raytheon Technologies Corporation


SKU: RTX Category:


This is our first report on aerospace and defense major, Raytheon. The company started off with 2022 on a mixed note, failing to meet the Wall Street expectations on the revenue front but delivered an earnings beat. The sluggishness on the revenue front, particularly in commercial aerospace has been attributed to the Omicron’s effects and rising geopolitical tensions. On the defence front, the company is optimistic about the current years DoD budget and sees hope in the President’s most recent $773 billion budget request for fiscal 2023 which includes widespread support for all major initiatives and technological investments in cyber, space, missiles, and missile defence systems. Given inflation and the numerous unfunded priorities noted by the services, the company anticipates the actual budget to be even higher. Internationally, Raytheon’s allies are placing a greater emphasis on defence spending with a focus on defensive systems, which it is uniquely positioned to support. Moreover, their ability to drive topline growth and margin expansion over the coming years is supported by resilient commercial air traffic, expanding global defence budgets, and a strong backlog. We initiate coverage on Raytheon with a ‘Hold’ rating.

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
⦁ Disclosures

Want unlimited access to our reports? Purchase our $99 annual subscription!