Defense contractor Raytheon Technologies today reported first-quarter 2023 sales of $17.2 billion, a 10% year-over-year increase from $15.7 billion in Q1 2022. Net income was $1.8 billion, up 29% from the previous year’s period. The company also reported a record backlog of $180 billion, up 16% YoY from $154 billion in Q1 2022. WHY IT […]