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Raytheon Delivers Strong Fourth Quarter With Boost From Pension Income, Operations

Rich Abott By
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Strong performance at the segment level coupled with a handsome pension tailwind drove solid fourth quarter financial results at Raytheon [RTN], the company reported on Jan. 29.Net income increased 10 percent to $582 million, $1.88 earnings per share (EPS), from $531 million ($1.66 EPS) a year ago. Excluding impacts from discontinued operations, earnings in the quarter jumped 23 percent to $576 million ($1.86 EPS) from $467 million ($1.46 EPS), beating consensus estimates by six cents per share.Pension adjustments were the…

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