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Raytheon Posts Solid Quarter On Broad Strength

By Calvin Biesecker Raytheon [RTN] yesterday posted higher third quarter sales and income from continuing operations as most of its operating segments expanded revenues and profits, but net income fell due to gains recorded last year from the company's aircraft business that has since been sold. Raytheon also said it has found a buyer for Flight Options, a unit that sells and leases ownership of aircraft for limited use, although the deal resulted in a $69 million after-tax charge in…

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Congress Updates

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