Aerospace Group:

Business/Financial

Raytheon’s Earnings Drop In Fourth Quarter On Tax Bite; Sales Up

By Cal Biesecker

Thursday, January 25th, 2018

SHARE:

Raytheon’s Earnings Drop In Fourth Quarter On Tax Bite; Sales Up

Raytheon Chief Financial Officer Anthony "Toby" O'Brien said the company's capital expenditures will increase 50 percent in 2018. Photo: Raytheon

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…

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]