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Raytheon Delivers Strong First Quarter But No Change To Guidance

By Cal Biesecker

Thursday, April 25th, 2019

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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…

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