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‘We can de-risk but not decouple’ from China, says Raytheon chief

Raytheon CEO says western manufacturers can only de-risk but not decouple from China due to the country's dominance in rare earth metals and materials. The company is looking for alternative component sources but has a substantial commercial aerospace business in China.

1 min read
  • Western manufacturers can de-risk but not decouple from China, says Raytheon CEO.
  • Over 95% of rare earth materials or metals come from, or are processed in, China.
  • Raytheon has about 2,000 direct employees in China and a substantial commercial aerospace business.
  • The company is looking for alternative sources for some of its components.
  • Raytheon believes its rebranding as RTX will allow for a clearer distinction between commercial aerospace and defence activities.
‘We can de-risk but not decouple’ from China, says Raytheon chief
Head of aerospace and defence group says western manufacturers will find it impossible to completely cut ties
Financial TimesSylvia Pfeifer

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