Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense business issues, and is editor in chief of Aviation Week Executive Intelligence newsletters. Beyond reporting, Bruno helps organize related Aviation Week conferences, hosts podcasts and webinars, and speaks publicly as a subject matter expert on industry issues. Since joining Aviation Week in 2005, he has won several Jesse H. Neal and Aerospace Media awards. He has a master's degree from Syracuse University and a bachelor's from Vanderbilt University.
Shares of Raytheon Technologies on Oct. 28 were headed to their second day of significant declines after the aerospace and defense behemoth revealed a new U.S. criminal probe into its heritage Raytheon Missiles & Defense business, as well as continuing concerns regarding a slow commercial aftermarket recovery.
The Pentagon has tapped private equity investor Acorn Growth Companies, a middle-market firm that targets only Western aerospace, defense and intelligence companies, to help lead its Trusted Capital Marketplace effort as the predominant, preordained financial sponsor.
Raytheon Technologies expects to end 2020 with $10 billion in cash on hand, in part thanks to a new deal to sell its Forcepoint cybersecurity business, but also due to 20% fewer commercial aerospace employees, executives said Oct. 27.
