:

Business/Financial

Raytheon Delivers Strong First Quarter But No Change To Guidance

By Cal Biesecker

Thursday, April 25th, 2019

SHARE:

Raytheon Delivers Strong First Quarter But No Change To Guidance

Raytheon Chairman and CEO Tom Kennedy. Photo: Raytheon

Raytheon [RTN] on Thursday reported strong first quarter results with the company’s earnings leading the way with a double-digit gain on operational performance, some pension tailwinds and other positives. Despite beating its own and analysts’ expectations on earnings, Raytheon left its outlook for 2019 unchanged. Company officials on their investor call said that the outlook for earnings is the same because improvements in the Intelligence, Information and Services (IIS), and Space and Airborne Systems (SAS) segments will be offset by…

Congress

Senior GOP HASC Members Wittman, Turner Ousted Amid Dems’ Blue Wave

Two senior Republicans on the House Armed Services Committee, including a potential frontrunner for the panel’s top GOP role, have officially lost their reelection bids. Reps. Rob Wittman (R-Va.) and […]

Congress

Dems’ Big Night Set To Reshape Top Defense Committee Spots, As Key GOP’ers Knocked Off

Democrats’ sweeping victories in Tuesday’s midterms, taking back control of the House and Senate, are set to reshape key spots atop defense committees, to include House Armed Services panels and […]

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]