Raytheon has reported a first quarter profit increase of 23 percent, due to strong sales of its missile and network systems.
First quarter revenue increased to US$5.4bn – an 11 percent on the same period last year.
Go deeper with GlobalData
Profit from continuing operations climbed to US$400m from US$324m a year earlier.
Including discontinued operations, net income rose 15 percent from US$346m to US$398m compared to the same period last year.
Sales for Raytheon’s Missile Systems division grew 15 percent to US$1.3bn.
Its Network Centric Systems division also saw revenue growth of 15 percent to just over US$1bn.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe largest division, Integrated Defense Systems, grew nine percent to just under US$1.2bn.
By Elizabeth Clifford-Marsh
