:

Business/Financial

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

By Cal Biesecker

Thursday, April 26th, 2018

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)…

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]