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OFFON

RAYTHEON TECHNOLOGIES CORPORATION

(RTX)
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Raytheon Technology Business Gets $318 Million Contract from TSA

05/03/2021 | 08:48am EDT

By Chris Wack

Raytheon Technologies Corp. said its Raytheon Intelligence & Space business will expand the deployment of checked baggage screening equipment to all federally managed airports nationwide under a five-year, $318 million contract with the Transportation Security Administration.

The company said Raytheon Intelligence & Space was previously responsible for installing new and upgrading existing checked baggage screening equipment in 155 airports in the central U.S. region.

Under the new contract, the scope will expand to all federal airports across the country.

Raytheon Intelligence & Space has installed, upgraded or decommissioned over 1,700 pieces of TSA security equipment in the past six years.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

05-03-21 1048ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.27% 34299.33 Delayed Quote.12.65%
RAYTHEON TECHNOLOGIES CORPORATION 0.77% 89.4 Delayed Quote.25.02%
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Financials (USD)
Sales 2021 65 420 M - -
Net income 2021 4 197 M - -
Net Debt 2021 24 272 M - -
P/E ratio 2021 30,5x
Yield 2021 2,25%
Capitalization 135 B 135 B -
EV / Sales 2021 2,43x
EV / Sales 2022 2,22x
Nbr of Employees 181 000
Free-Float 88,9%
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Technical analysis trends RAYTHEON TECHNOLOGIES CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 96,79 $
Last Close Price 89,40 $
Spread / Highest target 20,8%
Spread / Average Target 8,27%
Spread / Lowest Target -9,40%
EPS Revisions
Managers and Directors
NameTitle
Gregory J. Hayes Chairman, President & Chief Executive Officer
Neil G. Mitchill Chief Financial Officer
Mark E. Russell Head-Technology & Global Engineering
Paolo C. Dal Cin Head-Operations & Supply Chain
Tracy A. Atkinson Independent Director
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