Collins Aerospace, Cedar Rapids’s largest employer, saw a 94 percent drop in adjusted operating profit in the third quarter this year compared to the same time period in 2019. That decline comes as parent aerospace and defense company Raytheon Technologies continues to seek to “significantly reduce structural costs” during the coronavirus pandemic.Collins Aerospace’s adjusted sales were down 34 percent in the quarter that ended Sept.
Comment on Collins Aerospace reports 94 percent drop in adjusted operating profit
John Steppe, The Gazette (Cedar Rapids)
Tue, 10/27/2020 - 9:15am
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