WALTHAM, Mass. – Raytheon Technologies Corp. on July 26 reported second-quarter profit of $1.3 billion, a 25% increase year over year.
On a per-share basis, the company said it had net income of 88 cents, a 28% increase from the second quarter of 2021. Earnings, adjusted for one-time gains and costs, came to $1.16 per share, a 13% gain year over year.
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The aerospace and defense company posted revenue of $16.3 billion in the quarter, a 3% growth year over year.
The company has a plant in Portsmouth that focuses on sea power capability – sensors, combat management systems, radar and sonar. About 1,000 people work at the facility.
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