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Article by Noah Robertson and Stephen Losey, Defense News, on the announcement of a new CEO at RTX and how that change will impact the company. Jerry McGinn is quoted.
RTX is an array of subsidiaries that straddle the commercial and defense markets. The mixture creates a diverse portfolio that can help lower risk for investors, said Jerry McGinn, who leads the Center for Government Contracting at George Mason University and previously oversaw industrial base policy at the Pentagon. The commercial and defense markets “don’t always move in parallel,” he said. “Having both capabilities allows you some insulation.”