Raytheon CEO: Air Traffic to Be Up 36% in 2021 Versus 2020

The transcript discusses the challenges and strategies following a merger, including transitioning to remote work and implementing cost-saving measures. It highlights financial performance, recovery expectations, and the outlook for commercial and military sectors. Long-term changes in business operations due to the pandemic are explored, along with growth opportunities leveraging technology.

What was one of the major financial actions taken by Raytheon Technologies after the merger?

• Increasing employee salaries

• Investing in new office spaces

• Identifying $4 billion in cash actions

• Expanding the workforce

How did Raytheon Technologies prepare for a potential resurgence in commercial aerospace demand?

• By focusing solely on military contracts

• By halting all production

• By retaining capacity for recovery

• By reducing all workforce capacity

What is the anticipated recovery timeline for commercial aerospace to return to 2019 levels?

• Several years

• Within one year

• By the end of 2021

• Never

What is the expected organic growth rate for Raytheon's military sector in the coming years?

• 10-15%

• 3-5%

• 20-25%

• 0-2%

What long-term change is Raytheon Technologies implementing in response to the pandemic?

• Eliminating remote work

• Reducing office space by 25%

• Increasing office space by 25%

• Hiring more on-site staff

What is one of the growth opportunities Raytheon Technologies is exploring?

• Developing new commercial aircraft

• Upgrading the air traffic control system

• Expanding into the retail sector

• Investing in real estate

What was the impact of the pandemic on Raytheon's commercial revenue in 2020?

• No change in revenue

• An increase of $13 billion

• A slight increase in revenue

• A loss of $13 billion