Corridor Business Journal: Raytheon Technologies Corp. reported better than expected fourth-quarter earnings this morning, although its Collins Aerospace division continued to struggle amid ongoing tumult in the passenger aircraft industry. Raytheon announced earnings of 74 cents per share on revenue of $16.5 billion, beating the Zacks Consensus Estimate of 71 cents per share. The company had earnings of $1.94 per share a year ago. Its Collins Aerospace division continued to lag amid fallout from the pandemic, with fourth-quarter adjusted sales of just under $4.4 million, down 32% from the prior year, and a 92% year-over-year drop in operating profit. In an earnings call, Raytheon officials said Collins Aerospace would be making an additional $85 million in cost reductions this year. Collins Aerospace, Cedar Rapids’ largest employer, has already made about $170 million in cost reductions, including almost 140 layoffs in eastern Iowa.