Edition:
India

Raytheon Tech Expects Defense Business To Grow In Mid Single Digits in 2020 - CFO


Thursday, 7 May 2020 

May 7 (Reuters) - Raytheon Technologies Corp ::RAYTHEON TECHNOLOGIES EXPECTS POSITIVE FREE CASH FLOW IN 2020 DRIVEN BY DEFENSE UNIT - CFO.RAYTHEON TECHNOLOGIES DEFENSE BUSINESS EXPECTED TO GROW IN MID SINGLE DIGITS THIS YEAR- CFO.RAYTHEON TECHNOLOGIES DOES NOT EXPECT TO HIT ITS FREE CASH FLOW TARGET OF $8 BILLION IN 2021, DUE TO THE CORONAVIRUS CRISIS - CFO.RAYTHEON TECHNOLOGIES' COMMERCIAL AEROSPACE BUSINESS WILL BREAK EVEN IN TERMS OF CASH FLOW THIS YEAR, INCLUDING COST SAVINGS AND CASH CONSERVATION ACTIONS - CFO.