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Raytheon Posts Strong Fourth Quarter On Lower Taxes, Operations

Cal Biesecker By
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Raytheon Posts Strong Fourth Quarter On Lower Taxes, Operations
Raytheon Chairman and CEO Tom Kennedy. Photo: Raytheon

Buoyed by a lower tax rate and strong bottom line operating results in three of its segments, Raytheon [RTN] on Thursday reported a hefty increase in earnings in the fourth quarter along with higher sales. The company also posted higher earnings and sales for all of 2018 and expects more of the same in 2019, driven by record orders and backlog. Net income in the quarter was up 117 percent to $832 million, $2.93 earnings per share (EPS), from $393…

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