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Raytheon’s Earnings, Sales Flat But Operating Results Solid

Defense Daily Staff Defense Daily Staff
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Raytheon [RTN] yesterday reported third quarter earnings and sales that were essentially flat compared to a year ago, but operating results were solid and the company raised its earnings guidance for the year. Stripping out improvements in pension and other costs, Raytheon’s operating segments overall boosted their profits, driven by strong gains at the Integrated Defense Systems (IDS), Space and Airborne Systems, and Missile Systems segments. Net income was $500 million, $1.50 earnings per share (EPS), compared to $501 million…

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