:

Business/Financial

Raytheon Rock Solid In Second Quarter, Raises Guidance

By Cal Biesecker

Thursday, July 25th, 2019

SHARE:

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,…

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]