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RTX’s Pratt & Whitney division receives $701M aircraft contract
Will work on Joint Strike Fighter propulsion systems
Arlington-based defense giant RTX’s Pratt & Whitney aerospace division in Connecticut will provide sustainment and other support services for propulsion systems on the F-35 fighter jet under a $701 million
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December 2023 Top Five
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The top five most-read daily news stories on VirginiaBusiness.com from Oct. 14 to Nov. 15 included news of the Spotsylvania County Kalahari Resort’s groundbreaking. It’s slated to open in 2026.
RTX to sell cyber, intelligence biz for $1.3B amid Q3 slump
Pratt & Whitney division reports nearly $1B loss
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RTX has agreed to sell its cybersecurity, intelligence and services business segment for about $1.3 billion and announced a $10 billion stock buyback program Tuesday as it seeks to recover
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Them’s the brakes
Top CEOs saw flat pay growth in 2022, with bonuses down
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Total compensation for S&P 500 CEOs nationwide last year marked its smallest year-over-year increase since 2015, with pay increasing 0.9% from 2021. Here in Virginia, CEOs faced even greater headwinds
Federal Contractors | Technology 2023: JEFF SHOCKEY
SENIOR VICE PRESIDENT OF GLOBAL GOVERNMENT RELATIONS, RTX, ARLINGTON COUNTY
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Shockey is lead executive at the Arlington corporate headquarters of the world’s second largest defense contractor, RTX. Formerly Raytheon Technologies, the company announced a reorganization in June. In February, he
Virginia’s Fortune 500 companies
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This year, 24 Virginia companies made the Fortune 500 list of the nation’s 500 largest publicly traded companies in the United States by total revenue. The commonwealth had three more
RTX’s Raytheon lands $1.15B missiles contract
Includes missiles for U.S., Ukraine and others
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Arlington County-based Raytheon, a business unit of newly rebranded aerospace and defense contractor RTX, will produce Advanced Medium Range Air-to-Air Missiles for the U.S. Air Force and Navy as well
Raytheon rebrands to RTX as part of business reorg
Fortune 500 defense contractor moved HQ to Arlington in 2022
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A year after moving its headquarters to Arlington County, Fortune 500 aerospace and defense contractor Raytheon Technologies Corp. has rebranded as RTX. The new name, launched to coincide with the