Raytheon’s profit doubles in 2005by Tucson Citizen on Feb. 03, 2006, under Business
The Associated Press
BOSTON – Raytheon Co. said yesterday its fourth-quarter earnings rose 13 percent, beating Wall Street’s expectations, as the missile and defense systems manufacturer enjoyed strong contract bookings and growing sales of business aircraft.
Raytheon, the fifth-largest Pentagon contractor, said its full-year profit was $871 million, or $1.92 cents per share, more than double its 2004 profit.
- The Associated Press