A Raytheon constructing is proven in San Diego, California, U.S., June 10, 2019. REUTERS/Mike Blake
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Sept 13 (Reuters) – Protection contractor Raytheon Applied sciences Corp on Tuesday trimmed its full-year free money circulation forecast, amid inflationary pressures, larger prices and provide chain snags.
The Arlington, Virginia-based firm mentioned it lowered the outlook to about $4 billion from round $6 billion, citing a possible affect from laws requiring capitalization of analysis and experimentation bills for tax functions.
The corporate in July posted lower-than-expected second-quarter income, harm by international provide chain points that dented manufacturing on the aerospace and protection agency. learn extra
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Reporting by Nathan Gomes in Bengaluru; Enhancing by Shinjini Ganguli
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