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Raytheon trims full-year free cash flow outlook

Raytheon trims full-year free cash flow outlook

Reuters · 09/13/2022 17:47
Raytheon trims full-year free cash flow outlook

- Defense contractor Raytheon Technologies Corp RTX.N on Tuesday trimmed its full-year free cash flow forecast, amid inflationary pressures, higher costs and supply chain snags.

The Arlington, Virginia-based company said it lowered the outlook to about $4 billion from around $6 billion, citing a potential impact from legislation requiring capitalization of research and experimentation expenses for tax purposes.

The company in July posted lower-than-expected second-quarter revenue, hurt by global supply chain issues that dented production at the aerospace and defense firm.


(Reporting by Nathan Gomes in Bengaluru; Editing by Shinjini Ganguli)

((Nathan.Gomes@thomsonreuters.com;))