Aerospace Group:

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…

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]