Cowen Raises Price target to $130 on Raytheon (RTN) Following 3Q15
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U.S. Navy awards Raytheon $159 million for Phalanx production
October 23, 2015 8:00 AM EDTTUCSON, Ariz., Oct. 23, 2015 /PRNewswire/ --Â The U.S. Navy awarded Raytheon Company (NYSE: RTN) a $159.9 million contract to manufacture, inspect and test Phalanx Close-in Weapon Systems (CIWS).
The contract, which provides for a $10 million option in FY15 and another valued at $291 million in FY16,... More
Raytheon Reports Solid Third Quarter 2015 Results
October 22, 2015 6:59 AM EDTWALTHAM, Mass., Oct. 22, 2015 /PRNewswire/ --Â Raytheon Company (NYSE: RTN) announced net sales for the third quarter 2015 of $5.8 billion compared to $5.5 billion in the third quarter 2014. Third quarter 2015 EPS from continuing operations was $1.47 compared to $1.65 in the third quarter 2014. Third quarter 2015 EPS from continuing operations included, as expected, a $0.09 unfavorable impact associated with Raytheon|Websense (RW) acquisition accounting adjustments discussed in further detail below.
"I'm very pleased with our strong revenue growth and cash flow generation in the third quarter," said Thomas A. Kennedy, Raytheon Chairman and CEO. "The Raytheon team... More
