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Raytheon trims full-year free cash flow outlook

Published 09/13/2022, 06:00 PM
Updated 09/13/2022, 06:05 PM
© Reuters. A Raytheon building is shown in San Diego, California, U.S., June 10, 2019.  REUTERS/Mike Blake
RTX
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(Reuters) - Defense contractor Raytheon Technologies (NYSE:RTX) Corp on Tuesday trimmed its full-year free cash flow forecast, amid inflationary pressures, higher costs and supply chain snags.

© Reuters. A Raytheon building is shown in San Diego, California, U.S., June 10, 2019.  REUTERS/Mike Blake

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.

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