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Raytheon raises adjusted profit forecast on commercial aerospace demand -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: This sign is located at the Raytheon office in Woburn Massachusetts. U.S. Jan 25, 2017. REUTERS/Brian Snyder

(Reuters) – Raytheon Technologies, (NYSE:) Corp increased its full-year adjusted profit forecast on Tuesday due to rising air travel. This is expected in favor of the company’s aerospace and defense products and services.

According to the company, 2021 adjusted profit per shares will range from $4.10 to 4.20, an increase of its earlier forecasts of $3.85 and $4.00 per share.

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