Raytheon to realign segments

Raytheon Technologies plans to realign its four current businesses into three focused segments – Collins Aerospace, Pratt & Whitney and Raytheon – in part to drive the company’s technology synergies, market growth and financial targets. Christopher Calio, COO at Raytheon, will assume more responsibilities as president of the Arlington, Va.-based defense contractor on March 1 and lead the realignment, which is planned for in the second half of 2023, Raytheon said Jan. 24. By leveraging its scale, Raytheon plans to "deliver enhanced customer solutions and unlock cost savings opportunities with improved resource allocation and a streamlined footprint,” said Calio. Calio's experience includes having served as president of Pratt & Whitney and multiple positions at United Technologies Corp. At an earnings call on Jan. 24, Raytheon Chairman/CEO Greg Hayes said the restructuring will enable the firm to align with the needs of customers and “better collaborate on next-generation technology.” (GovWire 01/25/23)

Gulf Coast Note: Raytheon Intelligence & Space has a 445K sf manufacturing facility in Forest, Miss. - with over 1,000 employees - delivering radar, jammer and other RF technology products.