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Raytheon cuts 2022 sales forecast on Russia sanctions’ impact

  Bloomberg Aerospace and defense giant Raytheon Technologies Corp cut its 2022 sales forecast and warned of potential supplier constraints as it ends commercial ties with Russian customers and a titanium supplier. “We’re done in Russia. Full stop,” Raytheon’s Chief Executive Officer Greg Hayes said of the aerospace and defense conglomerate’s dealings with Russia in the wake of the nation’s ...

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Opposing pilot inputs likely behind ‘777’ landing scare

  Bloomberg An aircraft landing scare in Paris earlier this month most likely resulted from the Air France pilots submitting contradictory commands, rather than any malfunction of the plane, according France’s air-safety investigator. No failure warnings were activated and no anomaly was observed with the Boeing Co 777 in the incident, the Bureau d’Enquetes et d’Analyses said. Flight AF011 from ...

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Unilever boosts revenue by raising prices

  Bloomberg Unilever Plc is increasing the pressure on consumers worldwide with higher prices for Dove soap, raising the risk that shoppers may start to balk at spending more. All company reported sales growth at about double the pace analysts had expected. Unilever forecast full-year revenue growth at the top end of its forecast, though warned that profitability may suffer ...

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