Collins Aerospace sees increase in sales, profit as commercial air travel recovers
BPC Staff Jul 28, 2021 | 4:22 pm
<1 min read time
80 wordsAll Latest News, Insurance, Manufacturing, Statewide NewsCedar Rapids Gazette: As more travelers book commercial flights, Cedar Rapids’ largest employer is experiencing the benefits on its balance sheet. Collins Aerospace saw a 6% rise in adjusted sales the second quarter of 2021 compared with the second quarter of 2020, according to parent company Raytheon Technologies Corp.’s earnings call Tuesday. Raytheon reported earnings of $1.03 per share, beating a consensus estimate of 92 cents per share. That compares with earnings of 40 cents per share a year ago.
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