
Raytheon [RTN] on Thursday posted lower earnings in its fourth quarter stemming from provisions in a new tax law and to a lesser extent a voluntary payment into its pension plans but sales were higher and the company is projecting top and bottom line increases in 2018.Net income tumbled 29 percent to $393 million, $1.35 earnings per share (EPS), from $555 million ($1.88 EPS) as the tax provision lopped $171 million (59 cents EPS) and a discretionary pension contribution chipped…