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Business/Financial

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

By Cal Biesecker

Thursday, January 29th, 2015

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

Raytheon scored a $2.4 billion order with Qatar in December for the Patriot air and missile defense system, boosting bookings. Photo: Raytheon

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 Thursday.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 primary…

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