Sign In
Search
Business/Financial

Old Business, Pension Benefit Send Raytheon’s Net Income Higher

Cal Biesecker By
SHARE:
Old Business, Pension Benefit Send Raytheon’s Net Income Higher
Dave Wajsgras, president of Raytheon Intelligence, Information and Services. Photo: Raytheon

Raytheon [RTN] on Thursday posted lower sales but higher earnings with the bottom line benefiting by a swing to pension income and a handsome return from a business that was discontinued a decade ago. Net income rose 12 percent to $551 million, $1.76 earnings per share (EPS), from $493 million ($1.50 EPS), driven by a favorable pension adjustment that added 18 cents to per share earnings versus a 14 cents EPS hit a year ago. The earnings also benefited from…

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

Business/Financial

Aalyria Posts $100M Series B Funding Round

Business/Financial

Leonardo DRS Ends Strong Year With Robust Fourth Quarter

Business/Financial

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Business/Financial

Turbojet Engine Manufacturer PBS Aerospace In Subcontract With Zone 5

Trending

Trump Says Defense CEOs Agree To Rapidly Quadruple Production Of ‘Exquisite Class’ Weapons
U.S. CENTCOM Confirms First Combat Use Of Lockheed-Built PrSM In Iran Strikes
AeroVironment Investing In Albuquerque Expansion As SCAR Negotiations Continue
X-Bow Begins Hot-Firings Of Large Solid Rocket Motor For Hypersonic Applications
USAF Looks To Replace Radios On HH-60Ws

Congress Updates

Unmanned Systems

In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms

The Pentagon is bargain shopping for Group 1 drones, as other countries, including Ukraine and China, have taken advantage of consumer electronics-level prices to bolster their stables. “In last spring’s […]

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume