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Raytheon Opens 2008 Financial Season With Strong Start

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By Calvin Biesecker Raytheon [RTN] yesterday posted strong first quarter financial results driven by growth across each of its operating segments and lower expenses although the company left its guidance for the year intact. William Swanson, Raytheon's chairman and CEO, said he feels good right now about achieving the upper end of the current guidance but declined to handicap any upside pending congressional approval of the next Iraq War supplemental. While Raytheon isn't dependent on the war supplemental bills for…

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