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Business/Financial

Raytheon Rock Solid In Second Quarter, Raises Guidance

By Cal Biesecker

Thursday, July 25th, 2019

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Raytheon Rock Solid In Second Quarter, Raises Guidance

The Patriot air and missile defense system (Photo: Raytheon)

Raytheon [RTN] on Thursday reported solid financial results in its second quarter with higher earnings and sales and record orders as strong operating performance was somewhat masked by overall corporate results. All five of the company’s operating segments posted increased sales and its four core segments delivered higher operating income while the fifth, the Forcepoint commercial cyber security segment, narrowed its losses. Work on classified and international programs helped fuel the gains. Net income rose 2 percent to $817 million,…

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