Search

Raytheon’s Earnings Down, Sales Up In Second Quarter

Raytheon’s Earnings Down, Sales Up In Second Quarter
Raytheon Chairman and CEO Tom Kennedy. Photo: Raytheon

Raytheon [RTN] on Thursday posted lower net income in its second quarter despite a solid increase in sales largely because last year’s results included a one-time gain from a change in an international joint venture.Net income tumbled 23 percent to $547 million, $1.89 earnings per share (EPS), from $713 million ($2.41 EPS), still topping consensus estimates by 13 cents per share. Earnings in the second quarter of 2016 benefited by $158 million (53 cents EPS) tax free gain stemming from…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.



Contract Updates

UPDATE: Affirmative Solutions LLC (Cheyenne, Wyoming (SPE2DE-26-D-0003) – $49,500,000)

UPDATE: Affirmative Solutions LLC,** Cheyenne, Wyoming (SPE2DE-26-D-0003, $49,500,000) has been added as an awardee to the multiple award contract for medical and surgical supplies for the Defense Logistics Agency Electronic Catalog, issued against solicitation SPE2DE-22-R-0017/SPE2DE-26-R-0003 and awarded Sept. 28, 2023. 


BL Harbert International LLC (Birmingham, Alabama) – $171,506,091

BL Harbert International LLC, Birmingham, Alabama, was awarded a $171,506,091 firm-fixed-price contract for the conversion of existing administrative space to a data center, laboratories, and updated administrative space. Bids were solicited via the internet with three received. Work will be…


ICF Mercantile LLC (Warren, New Jersey) – $150,000,000

ICF Mercantile LLC,* Warren, New Jersey, has been awarded a maximum $150,000,000 firm-fixed-price delivery order (SP8000-26-F-0008) issued against an indefinite-delivery/indefinite-quantity contract (SP8000-26-D-0005) for aerospace grade rayon fiber. This was a sole-source acquisition using justification 10 U.S. Code 3204 (a)(3)(A), as…


Lockheed Martin Corp. (Orlando, Florida) – $328,500,000

Lockheed Martin Corp., Orlando, Florida, was awarded a ceiling of $328,500,000 undefinitized contract action issued as a letter contract for Department of Defense and Foreign Military Sales (FMS) Sniper, Infrared Search and Track, and Low Altitude Navigation and Targeting Infrared…