Raytheons golden technologies are set to expand their sales in 2017, with sales forecast to increase by 10 per cent to $10 billion.
Key points:The company is looking to diversify its revenuesSource: Raytheoning stock,Golden Technologies stock,renal technology stocksThe company’s golden technology is a heart pacemakerSource: The Age article RayTheon CEO Peter Gittelheim said the growth in sales would be driven by two areas.
“We’ve done a lot of really smart business in the last two years,” he said.
“I think that in 2017 we’re going to do well, and we’re looking to do better in 2018.”
Raytheon, which owns and operates the world’s largest fleet of cardiac pacemakers, plans to spend $2.6 billion on the new devices and the expansion of its global portfolio.
Gittelheimer said he was confident the company would be able to grow its business in 2017.
“There’s a lot going on with the technology and the devices, so we’re definitely looking forward to 2017,” he told the ABC.
“It’s a big year for us.”
Gittelliam’s comments came as he confirmed that he would be stepping down as chief executive, after nearly 15 years in the role.
“Raytheoning is looking at doing a complete transformation,” he added.
“To do that we’ve got to do things differently.”
So it’s going to be a big shift, but we’re doing that in a way that’s going be very well managed.
“RayTheon has been a leader in cardiac pacemaker technology, with a number of innovations and innovations in technology, including its new X-ray heart monitor, its patented pacemaker that uses artificial intelligence to improve its accuracy, and the first-of-its-kind technology to remotely control the device, known as the Therac-2.
In November, Raytheone announced it would be acquiring the healthcare technology startup, Medialife, for $20 billion.
RayTheone is currently a part of the giant pharmaceuticals giant Pfizer.
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