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Raytheon Posts Strong First Quarters, Boosts 2009 Guidance

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By Calvin Biesecker Raytheon [RTN] yesterday reported strong first quarter earnings and sales driven by double-digit income gains at five of its six business segments and the company raised its financial expectations for the year. Net income increased 14 percent to $452 million, $1.11 earnings per share (EPS), from $398 million (92 cents EPS) a year ago, topping analysts' estimates by a dime. Sales climbed 10 percent to $5.9 billion from $5.4 billion as each of the company's segments saw…

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