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Collins Aerospace sees increase in sales, profit as commercial air travel recovers


Cedar Rapids Gazette: As more travelers book commercial flights, Cedar Rapids’ largest employer is experiencing the benefits on its balance sheet. Collins Aerospace saw a 6% rise in adjusted sales the second quarter of 2021 compared with the second quarter of 2020, according to parent company Raytheon Technologies Corp.’s earnings call Tuesday. Raytheon reported earnings of $1.03 per share, beating a consensus estimate of 92 cents per share. That compares with earnings of 40 cents per share a year ago.

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