AI English summary of an SEC filing — figures as filed
RTX RTXRTX said Wesley D. Kremer will step down as president of Raytheon on January 7, 2024 and retire from the company at the end of Q1 2024, announcing this on January 4, 2024.
Key points
AI summaryRTX said Wesley D. Kremer will step down as president of Raytheon on January 7, 2024 and retire from the company at the end of Q1 2024, announcing this on January 4, 2024.
The company said Phil Jasper, currently president of Mission Systems at Collins Aerospace, will become president of Raytheon on January 7, 2024. According to the press release, Jasper will report to President and Chief Operating Officer Christopher T. Calio.
The company said Jasper is a 31-year aerospace and defense veteran, is 55 years old, and was named president of Collins Aerospace's Mission Systems unit in 2018. As president of Raytheon, he will lead the business's missile defense, air-to-air missiles, fire control radars, and electro-optical/infra-red systems franchises.
The company said other executive changes under its succession plan take effect immediately. Troy Brunk was named president of Mission Systems, Heather Robertson was named chief operating officer of Mission Systems, and Nathan Boelkins was named president of Avionics, all at Collins Aerospace.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Raytheon President Change and Kremer's Retirement Timing
RTX said Wesley D. Kremer will step down as president of Raytheon on January 7, 2024 and retire from the company at the end of Q1 2024, announcing this on January 4, 2024.
Source · Based on the filing body and exhibits
Phil Jasper Named Raytheon President
The company said Phil Jasper, currently president of Mission Systems at Collins Aerospace, will become president of Raytheon on January 7, 2024. According to the press release, Jasper will report to President and Chief Operating Officer Christopher T. Calio.
Source · Based on the filing body and exhibits
Jasper's Background and Raytheon Business Areas
The company said Jasper is a 31-year aerospace and defense veteran, is 55 years old, and was named president of Collins Aerospace's Mission Systems unit in 2018. As president of Raytheon, he will lead the business's missile defense, air-to-air missiles, fire control radars, and electro-optical/infra-red systems franchises.
Source · Based on the filing body and exhibits
Collins Aerospace Follow-On Executive Appointments
The company said other executive changes under its succession plan take effect immediately. Troy Brunk was named president of Mission Systems, Heather Robertson was named chief operating officer of Mission Systems, and Nathan Boelkins was named president of Avionics, all at Collins Aerospace.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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