:

Business/Financial

Sales, Profits Dip At Raytheon In First Quarter

By Cal Biesecker

Thursday, April 23rd, 2015

SHARE:

Sales, Profits Dip At Raytheon In First Quarter

The Patriot air and missile defense system (Photo: Raytheon)

Raytheon [RTN] on Thursday posted declines in its top and bottom lines due to continued sluggishness in domestic defense spending, but the results were generally better than the company’s and analysts’ expectations.Net income fell 8 percent to $551 million, $1.78 earnings per share (EPS), from $596 million ($1.89 EPS), but still trumped consensus estimates by 36 cents per share.The first quarter results benefited handsomely from the recent settlement with the United Kingdom on the eBorders security program, which added $181…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]