Raytheon raises outlook, but shares hit hard – Suppliers Share Wrap
Raytheon reported a net profit of USD728 million for, or USD1.94 a share, for 3Q2010. The result is up from USD490 million, or USD1.25 a share, a year earlier. The result included a one-time favourable tax settlement of USD170 million. Net sales were USD6.3 billion, compared with USD6.2 billion in 3Q2009.
