Income Down Sharply At Raytheon Technologies Amid Continued Commercial Weakness

摘要

Raytheon Technologies [RTX] on Tuesday posted a steep decline in earnings in the fourthquarter driven by continued weakness in the commercial aerospace market.The weak commercial aerospace trends are expected to continue through the first quarter of2021 but RTC executives said that as vaccinations for COVID-19 pick up, they expectcommercial growth driven by aftermarket work to accelerate during the last nine months of thisyear.