Raytheon (RTN) Remains a Top Pick for RBC Capital Following a 4Q EPS Beat
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Raytheon kill vehicle succeeds in developmental flight test
January 28, 2016 8:11 PM ESTVANDENBERG AIR FORCE BASE, Calif., Jan. 28, 2016 /PRNewswire/ -- A Raytheon Company (NYSE: RTN)Â Exoatmospheric Kill Vehicle (EKV) successfully completed a data-gathering mission during a Missile Defense Agency flight test. The mission's objective was to observe in-flight performance of redesigned components and gain valuable information on evolving threat classes.
EKVs are designed to destroy incoming ballistic threats while they are still in space. As part of the MDA test of the Ground-based Midcourse Defense system, a ballistic missile target was launched and purposely not intercepted to demonstrate for maximum maneuvering and... More
Raytheon awarded $564 million contract for Joint Polar Satellite System instruments
January 28, 2016 6:56 PM ESTEL SEGUNDO, Calif., Jan. 28, 2016 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has received a $564 million contract modification award from NASA for two satellite sensors as part of the National Oceanic and Atmospheric Administration's (NOAA) Joint Polar Satellite System (JPSS) Polar Follow-On missions.
The Visible Infrared Imaging Radiometer Suite (VIIRS) sensors are for two satellites in the series, Polar Follow-On /JPSS-3 and JPSS-4. These are the fourth and fifth VIIRS units Raytheon has been contracted to build.
The first Raytheon-built VIIRS instrument... More
Raytheon Reports Solid Fourth Quarter and Full-Year 2015 Results
January 28, 2016 6:56 AM ESTWALTHAM, Mass., Jan. 28, 2016 /PRNewswire/ --Â Raytheon Company (NYSE: RTN) announced net sales for the fourth quarter 2015 of $6.3 billion, up 3 percent compared to $6.1 billion in the fourth quarter 2014. Fourth quarter 2015 EPS from continuing operations was $1.85 compared to $1.86 in the fourth quarter 2014. Fourth quarter 2015 EPS from continuing operations included, as expected, an $0.08 unfavorable impact associated with acquisition accounting adjustments related to Forcepoint, formerly known as Raytheon|Websense.
Net sales in 2015 were $23.2 billion, up 2 percent compared to $22.8 billion in 2014. Full-year 2015 EPS from continuing operations was $6.75 compared to $6.97 for the full-year 2014. Full-year 2015 EPS from... More
