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Page 10 of 10
And as a result of stronger commercial aftermarket, we're bringing up the low end of Collins’ adjusted operating profit to a new range of up $750 million to $825 million from the prior range of up $700 million to $825 million versus last year
Collins -- mgn up due to stronher comm aftermarkets
Transcript
2022 Q3
26 Oct 22
EPS benefit of about $0.11 year-to-date and estimate that the full year impact is about $0.15 per share. And on the cash front, we continue to expect free cash flow of about $4 billion for the full year. I
eps benedfitted, fcf guidance cut
Transcript
2022 Q3
26 Oct 22
Continued aftermarket strength, favorable OE mix and cost containment actions across RTX are partially offsetting lower sales and lower productivity in our defense businesses.
why mgn guidance expanded?
Transcript
2022 Q3
26 Oct 22
The commercial air recovery remains robust, and we continue to expect that global RPMs will recover to about 90% of 2019 levels as we exit this year. Domestic and short-haul international travel also remained strong, and we continue to see a steady recovery in long-haul international travel.
commercial air traffic about 90% 2019 levels end of 2022
Transcript
2022 Q3
26 Oct 22
However, we continue to see challenges related to supply chain and labor availability in each of our businesses.
supply chain issues extending
Transcript
2022 Q3
26 Oct 22
commercial side.
COMMERCIAL detail
Transcript
2022 Q3
26 Oct 22
RIS,
RIs orders
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2022 Q3
26 Oct 22
R&D
RMD orders detail
Transcript
2022 Q3
26 Oct 22
During the quarter, we saw strong domestic and international demand for our products with a number of significant defense awards, which resulted in a book-to-bill of 1.22 and a backlog that's up about $2 billion sequentially. Of particular note, our Missiles & Defense business was awarded $1 billion to develop the Hypersonic Attack Cruise Missile or HACM for the U.S. Air Force.
defesse book to bill 1.22 , hypersoniv threar
Transcript
2022 Q3
26 Oct 22
On the defense side, no surprises. The elevated threat environment has significantly influenced how the U.S. and our allies are thinking about their defense capabilities and readiness. And as a result, this has driven global defense budgets substantially higher, a trend we expect to continue for the foreseeable future.
defense strengthening
Transcript
2022 Q3
26 Oct 22