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Income, Sales Higher At Raytheon In Fourth Quarter; Kennedy Touts Classified, International Work

Cal Biesecker By
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Income, Sales Higher At Raytheon In Fourth Quarter; Kennedy Touts Classified, International Work
Raytheon Chairman and CEO Tom Kennedy. Photo: Raytheon

Raytheon [RTN] on Thursday reported strong fourth quarter financial results driven by gains across the company’s operating segments and the company said it expects to close its pending merger with United Technologies Corp. [UTC] early in the second quarter of 2020. Thomas Kennedy, Raytheon’s chairman and CEO, also highlighted the company’s strong footprint in classified and international work, telling investors that bookings and sales in both categories hit annual records in 2019. Net income in the quarter increased 6 percent…

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