Raytheon cuts free cash flow guidance to reflect research, experimentation capitalization

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  • Raytheon Technologies (NYSE:RTX) on Tuesday cut its free cash flow outlook to reflect the impact of legislation requiring capitalization of research and experimentation for tax purposes.
  • RTX now expects its 2022 free cash flow to be ~$4B instead of ~$6B.
  • The company also reaffirmed its 2022 sales and adj. EPS guidance.

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