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Raytheon’s Earnings Soar In Second Quarter On Lower Taxes, Pension Benefit

Cal Biesecker By
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Raytheon’s Earnings Soar In Second Quarter On Lower Taxes, Pension Benefit
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Lower taxes combined with a pension tailwind powered Raytheon [RTN] to a huge boost in earnings in its second quarter and the company also posted solid top line growth.Raytheon, like all the major defense companies that have reported second quarter results this week, benefited handsomely from the lower corporate tax rate that went into effect on Jan. 1, as lower taxes added 38 cents to earnings per share (EPS). On top of that, the company said that in September it…

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