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

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