Sign In
Search
Business/Financial

Raytheon Posts Strong First Quarter Helped By Lower Taxes, Better Performance

Cal Biesecker By
SHARE:
Raytheon Posts Strong First Quarter Helped By Lower Taxes, Better Performance
Raytheon Chairman and CEO Tom Kennedy. Photo: Raytheon

Raytheon [RTN] on Thursday posted strong first quarter financial results, driven by lower taxes, and improved operating performance, and the company increased its guidance this year for sales and earnings.Lower taxes that went into effect on Jan. 1 have helped underpin solid to strong results for all the major defense companies that reported first quarter financials this week.Net income at Raytheon increased 25 percent in the quarter to $633 million, $2.19 earnings per share (EPS), from $506 million ($1.74 EPS)…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Space

Trump Issues Space Policy Order Affirming 2028 Moon Landing Goal

Navy/USMC

Textron Sells U.S. Navy One Tsunami USV For AUKUS Testing

Air Force

Pentagon Joint Energetics Transition Office Delay Cited In Travel Funds Hold

Budget

Lawmakers Give Navy Flexibility On Carriers And Sub Procurements, But Mandates Outside Manager For LSM And Oiler

Trending

Navy To Award Leidos’ Gibbs & Cox Contract For New Battleship Design
Trump Wants To Bring Back Battleships With New Ship Class Named After Himself
Trump To Defense Industry Leaders: Slash Executive Pay, Dividends And Buybacks In Favor Of Production Investments
Parsons Receives $30 Million Under DARPA Blackjack Program, Company Says
New Navy Frigate Will Be “Mothership” To Control Unmanned Systems For Future Hybrid Fleet

Contract Updates

Intertrade Limited (Cedar Rapids, Iowa) – $9,272,637

Intertrade Limited, Cedar Rapids, Iowa, has been awarded a maximum $9,272,637 firm-fixed-price contract for F-16 generator controls. This was a sole-source acquisition using justification 10 U.S. Code 3204 (a)(1), as stated in Federal Acquisition Regulation 6.302-1. This is a four-year…

Cottonwood Inc. (Lawrence, Kansas) – $44,370,000

Cottonwood Inc.,** Lawrence, Kansas, has been awarded a maximum $44,370,000 firm-fixed-price, indefinite-quantity contract for aircraft cargo tie down straps. This was a sole-source acquisition using justification 10 U.S. Code 3204 (a)(5), as stated in Federal Acquisition Regulation 8.7. This is…

Teva Pharmaceuticals USA Inc. (Parsippany, New Jersey) – $46,087,497

Teva Pharmaceuticals USA Inc., Parsippany, New Jersey, has been awarded a maximum $46,087,497 modification (P00009) exercising the third one-year option period of a five-year base contract (SPE2DP-20-D-0002) with five one-year option periods for adenovirus type 4 and type 7 vaccines.…

Northrop Grumman Systems Corp. (Oklahoma City, Oklahoma) – $64,111,631

Northrop Grumman Systems Corp., Oklahoma City, Oklahoma, has been awarded an estimated $64,111,631 delivery order (SPRTA1-26-F-0034) and modification (P00015) to a four-year subsumable base contract (SPRTA1-19-D-0001) with one five-year option period for additional pricing for the manufacture and production of…

The Force Multipliers

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Job Feed

Post a Job // Post a Resume