Defense programs have been a boon to Raytheon Technologies during the global pandemic. All four of its business units work with the Pentagon, but the most intriguing part of its national security portfolio resides within Intelligence & Space, the unit led by Roy Azevedo. Intelligence & Space has 5,500 active programs, no one of which contributes more than 2% of the unit’s revenues. About 50% of revenues derive from sensing and effects, 30% from command, control and communications, and 20% from cyber, training and services. It is an exceedingly diverse portfolio, which Azevedo views as a source of strength. He also sees workforce diversity as a source of strength, because when you operate at the cutting edge of innovation, you need people who are on the cutting edge also. I have written a commentary for Forbes here.
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