http://www.bloomberg.com/apps/news?pid=20601103&sid=aqjFqiwaGxeI
Bloomberg News January 28, 2010 Raytheon Net Rises 20% on Missiles, Repeats Forecast (Correct) Gopal Ratnam Raytheon Co., the world’s largest missile maker, said fourth-quarter profit rose 20 percent on higher sales of the Patriot weapon system and repeated its 2010 earnings forecast. Net income increased to $504 million, or $1.30 a share, from $421 million, or $1.01, a year earlier, Waltham, Massachusetts-based Raytheon said today in a statement. Excluding some items, profit was $1.29 a share. The average estimate of 19 analysts was for earnings of $1.24. Sales rose 9.5 percent to $6.67 billion. .... “We did have a very strong year in international awards and we expect that to be the case as we go into 2010,” Chief Financial Officer David Wajsgras said today in a phone interview. As examples, he pointed to Taiwan’s order for Patriot missile systems in the fourth quarter and Japan’s airborne radar systems order received in the first quarter of 2009. The company may make “strategic acquisitions in the range of about $500 million” to boost growth, he said. .... Missile Systems sales increased 3.4 percent to $1.41 billion led by U.S. and international orders for Sea Sparrow, Maverick and Phalanx missile programs, Raytheon said in the statement. Operating profit rose 8.5 percent to $154 million. .... =========================== Stop NATO http://groups.yahoo.com/group/stopnato Blog site: http://rickrozoff.wordpress.com/ To subscribe, send an e-mail to: [email protected] or [email protected] Daily digest option available. ==============================
