Raytheon Technologies CEO Greg Hayes said the company's defense work will represent about 67 percent of sales in 2020, Inside Defense reported Monday.

Raytheon Technologies has announced its second quarter 2020 results on Tuesday, reporting sales of $14.1 billion, adjusted sales of $14.3 billion, GAAP EPS from continuing operations at a loss of $2.56 and adjusted EPS of $0.40. 

Raytheon Technologies has reported first quarter 2020 results for standalone United Technologies including Otis and Carrier. The separation of Otis and Carrier and merger with Raytheon Company occurred on April 3, after the quarter closed, the company reported on Thursday.

Raytheon Technologies has received a shipment of personal protective equipment worth over $3M to support first responders and frontline health workers in Connecticut.

Timothy McBride, global government relations lead at Raytheon Technologies, and Joe Purcell, vice chairman of the financial sponsors coverage group at Morgan Stanley, have been appointed to the board of advisers of the Center for a New American Security.

A U.S. subsidiary of Cobham has agreed to supply electronic warfare systems and provide aerospace support services to 12 programs under three Raytheon Technologies business units as part of a $500M partnership agreement between the two companies.

The State Department has approved the Netherlands' request to procure Excalibur tactical projectiles and associated equipment through a potential $40.55M foreign military sales transaction. Raytheon Technologies, which was formed through the merger between Raytheon and United Technologies Corp., will be the prime contractor on the proposed FMS deal.

Tom Arseneault, president and chief operating officer of BAE Systems“™ U.S. subsidiary and a 2020 Wash100 award winner, said the two business units the company agreed to acquire from Raytheon and United Technologies Corp. will "bolt into existing businesses" within BAE Systems Inc.“™s electronic systems sector, Inside Defense reported Monday.