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Raytheon Ends 2007 With Strong Fourth Quarter

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By Calvin Biesecker Raytheon [RTN] yesterday reported strong fourth quarter earnings and sales driven by improvements in all but one of its operating segments and the company recorded a record backlog which positions it well for the near future. Net income increased 64 percent to $598 million, $1.37 earnings per share (EPS), compared to $365 million (81 cents EPS) a year ago, easily overcoming losses in discontinued operations related to its sale of Flight Options. Results also benefited from a…

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