RTX appoints insider Phil Jasper as Raytheon president

Photo of author
Written By Pinang Driod

© Reuters. FILE PHOTO: Visitor passes the Raytheon Technologies Corporation (RTX) logo at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. REUTERS/Benoit Tessier/File Photo

(Reuters) – U.S. aerospace and defense company RTX said on Thursday industry veteran Phil Jasper will become president of its Raytheon (NYSE:) unit after Wesley Kremer retires at the end of the first quarter.

Jasper, 55, will take charge as Raytheon, RTX’s defense division, benefits from higher demand for its equipment due to the war in Ukraine.

RTX, which makes AMRAAM rockets used in Ukraine, has received $3 billion of orders since Russia’s February 2022 invasion that are related to replenishing Ukraine and U.S. war stocks, and the company expects more, executives have said.

Jasper, who was named president of Collins Aerospace’s Mission Systems in 2018, will report to Chief Operating Officer Christopher Calio.

Source

Leave a Comment

data data data data data data data data data data data data data