:

Business/Financial

Lower Taxes, Improved Performance Drive Strong Third Quarter At Raytheon

By Cal Biesecker

Thursday, October 25th, 2018

SHARE:

Lower Taxes, Improved Performance Drive Strong Third Quarter At Raytheon

Raytheon Chairman and CEO Tom Kennedy. Photo: Raytheon

Raytheon [RTN] on Thursday reported higher sales and earnings in its third quarter with the company benefiting in large part from international and classified work, lower taxes and improved operational performance, and the company raised its top and bottom line guidance for 2018.Net income rose 19 percent to $644 million, $2.25 earnings per share (EPS), from $542 million ($1.97 EPS) a year ago, handily topping consensus estimates by 28 cents a share.Sales increased 8 percent to $6.8 billion from $6.3…

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]

Army

Army Relooking At Its ‘Whole Aviation Transformation’ Plan, Acting Chief Tells Lawmakers

The Army is relooking at its “whole aviation transformation initiative,” the service’s acting chief of staff told lawmakers on Tuesday, to include its approach for future procurement of “enduring” platforms. […]