RTX Corporation (RTX)

[Jerry70]

$ RTN. Is getting back to close to its 52 week high which is always good News. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN

[Jerry70]

$ RTN. Is like all Big Companies and work with Companies on Projects and that one was started about a year ago in May. RTN has alot of deals going on with smaller Companies like OPXS a smaller Company i invest in and you never know what might happen with those type deals IMO. TMM, Inc. Enters Joint ISR Research Program with Raytheon Company for TMMI’s TRUDEF™ Video Compression Technology. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN

[jay14]

What's the deal with TMMI and RTN working together on a ISR project.....
Could a acquisition happen?.

[Jerry70]

$ RTN. Moving back North again and looking for another Great Year in 2015. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN

[Jerry70]

$ RTN. The DOW not doing to good lately is effecting the stocks some but over all still a good year IMO. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN

[Jerry70]

$ RTN. Up close to $3 today and looking good as it moves back North. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN

[Jerry70]

$ RTN. Thank you and yes things are looking good here at RTN. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN

[whizknock]

CEO1,,, Thanks for the heads up on Rayteon's Blue Marble move.

You've been membermarked!

[Jerry70]

$ RTN. Raytheon's "Blue Marble" imaging sensor delivered on schedule for JPSS-1 spacecraft integration.

EL SEGUNDO, Calif., March 2, 2015 /PRNewswire/ -- Raytheon Company (NYSE: RTN) delivered a second Visible Infrared Imaging Radiometer Suite (VIIRS) instrument to support the National Oceanic and Atmospheric Administration's (NOAA) Joint Polar Satellite System mission.

Raytheon's VIIRS sensor improves forecasters' ability to predict severe weather with greater precision.
The second VIIRS unit will fly aboard the JPSS-1 spacecraft, ensuring continuity of critical weather information currently being provided by its predecessor, the joint NOAA/NASA Suomi National Polar-orbiting Partnership satellite launched in 2011.

Comprehensive testing at Raytheon's Space Systems facility in El Segundo, Calif. preceded its on-schedule delivery to Ball Aerospace and Technologies Corp. in Boulder, Colo., for spacecraft integration. Testing confirmed that the VIIRS sensor will withstand launch conditions and operate as expected. Integration will begin immediately to support the scheduled launch of JPSS-1 in early 2017.

VIIRS is widely known for producing unprecedented, detailed images of Earth including NASA's 2012 Blue Marble visual image and for breaking new ground in the observation of evolving storm patterns at night. It also improves forecasters' ability to predict severe weather with greater precision and is important for forecasting in Arctic areas, which do not receive geostationary coverage. VIIRS data is used for a wide range of applications such as monitoring harmful algal blooms, sea surface temperature and vegetation stress as a predictor of drought.

"VIIRS is state-of-the-art space-based environmental monitoring technology," said Roger Cole, Raytheon VIIRS program director. "Its design has been validated by extensive testing. VIIRS is destined to play a pivotal role in NOAA's evolving weather mission for years to come."

EDITOR'S NOTE: NOAA is responsible for managing and operating the JPSS program, while NASA is responsible for developing and building the JPSS instruments, spacecraft, launch services and ground system.

About Raytheon
Raytheon Company, with 2014 sales of $23 billion and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 93 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as cyber security and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, at www.raytheon.com and follow us on Twitter at @Raytheon.

Raytheon Company
Space and Airborne Systems
McKinney, Texas

[Jerry70]

$ RTN. Holding and looking good today. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN

[Jerry70]

$ RTN. /C O R R E C T I O N -- Raytheon Company/

In the news release, Raytheon, NIMR to integrate TALON laser guided rockets onto UAE ground vehicle, issued 24-Feb-2015 by Raytheon Company over PR Newswire, we are advised by the company of updated material listed in the full corrected version below:

UPDATED: Raytheon, NIMR to integrate TALON laser guided rockets, anti-tank missiles onto UAE ground vehicle

ABU DHABI, United Arab Emirates, Feb. 24, 2015 /PRNewswire/ -- Raytheon Company (NYSE: RTN) and NIMR Automotive, part of the Emirates Defence Industries Company (EDIC), are collaborating to equip NIMR armored vehicles with TALON™ Laser Guided Rockets.

Using the Raytheon remote weapons station, each vehicle will carry 16 TALON LGRs.

The RWS enables TALON to be fired from both stationary and moving vehicles, while an elevated sensor/designator enables the TALON to be fired from concealed positions ensuring lethality and survivability for the ground vehicle.

"Integration onto the NIMR vehicle further demonstrates the versatility of TALON," said Michelle Lohmeier, Raytheon vice president of Land Warfare Systems. "In partnership with EDIC, we are providing an affordable, near-term and reliable solution."

"The NIMR 6x6 tactical platform provides a range of modular system integration to support a full range of missions including armed reconnaissance, infrastructure defense, defensive fire suppression and border security," said Dr. Fahad Saif Harhara, NIMR CEO. "It can also support rapidly advancing infantry. The mobile and fixed firing modes enhance the vehicle's effectiveness and provide a significant advantage over existing heavy artillery.

About TALON

The TALON LGR is a low-cost, digital semi-active laser guidance and control kit co-developed with the United Arab Emirates. The TALON guidance section fits directly to the front of the legacy 2.75-inch Hydra-70 unguided rocket. TALON's architecture and ease of employment make it a low-cost, highly-precise weapon for missions in urban environments, as well as counter insurgency and swarming boat defense missions. TALON is fully compatible with existing airborne and ground laser designators.

About Emirates Defence Industries Company

EDIC is the region's premier integrated national defence services and manufacturing platform, providing world-class facilities, technology and support services. Based in the UAE, the company brings together the combined capabilities of the UAE's defense industries into a single integrated platform to enhance value for our clients, shareholders, partners and other stakeholders.

About NIMR

NIMR, a subsidiary of the Emirates Defence Industry Company, delivers highly capable wheeled military vehicles that are designed for the harshest environments, across a diverse scope of mission requirements. NIMR's range of desert-proven 4x4 and 6x6 vehicles are available in armored or non-armored configurations, with modular configurable crew capacity and payload, where protection and mobility is the focus of our design activities. Through engineering innovation, comprehensive testing and implementation of the highest standards in design and manufacturing, NIMR provides exceptional vehicle reliability and best-in-class desert performance to ensure the protection of the vehicle crews that use them. For more about NIMR, visit us at www.nimr.com

About Raytheon

Raytheon Company, with 2014 sales of $23 billion and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 93 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as cyber security and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter@raytheon.

Note to Editors

NIMR is showcasing its armored vehicle for the first time during the IDEX trade show in Abu Dhabi at indoor stand 05-A10 and outdoor stand CP400. Raytheon will be in the US Pavilion, indoor stand 03-B07.

Raytheon Company
Missile Systems
Tucson, Ariz.

[Jerry70]

$ RTN. Up 81 cents today and still looking good IMO. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN

[Jerry70]

$ RTN. Always looking good and ready for a move Up IMO. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN

[Jerry70]

$ RTN. Making that next leg up today and looking good. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN

[Jerry70]

$ RTN. Looking for the Next Leg up and looking better every day IMO. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN

[Jerry70]

$ RTN. Raytheon Reports Solid Fourth Quarter and Full-Year 2014 Results.

WALTHAM, Mass., Jan. 29, 2015 /PRNewswire/ -- Raytheon Company (NYSE: RTN) announced fourth quarter 2014 EPS from continuing operations of $1.86 compared to $1.46 in the fourth quarter 2013. Fourth quarter 2014 Adjusted EPS was $1.71 per diluted share compared to $1.58 per diluted share in the fourth quarter 2013. Fourth quarter 2014 Adjusted EPS excluded a favorable FAS/CAS Adjustment of $0.15. Fourth quarter 2013 Adjusted EPS excluded an unfavorable FAS/CAS Adjustment of $0.12.

Full-year 2014 EPS from continuing operations was $6.97 compared to $5.96 for the full-year 2013. Full-year 2014 Adjusted EPS was $6.12 per diluted share compared to $6.38 per diluted share for the full-year 2013.

"Raytheon finished 2014 with strong fourth quarter operating performance, driven by continued global demand for our advanced solutions and solid execution from the Raytheon team," said Thomas A. Kennedy, Raytheon Chairman and CEO. " As we look to the year ahead, we will continue our focus on investing in innovative technologies, building on our capabilities to position the company for the future, and providing ongoing strong returns for shareholders."

The Company had bookings of $7.1 billion in the fourth quarter 2014, resulting in a book-to-bill ratio of 1.16. Full-year 2014 bookings were $24.1 billion, resulting in a book-to-bill ratio of 1.05 for the year.

____________________________

1 Adjusted EPS is diluted EPS from continuing operations attributable to Raytheon Company common stockholders, excluding the impact of the FAS/CAS Adjustment, and from time to time, certain other items. Adjusted EPS is a non-GAAP financial measure. See attachment F for a reconciliation of this measure and a discussion of why the Company is presenting this information.

_____________________________

Net sales for the fourth quarter 2014 were $6.1 billion, up 5 percent compared to $5.9 billion in the fourth quarter 2013. Net sales in 2014 were $22.8 billion, down 4 percent compared to $23.7 billion in 2013. Net sales for both the fourth quarter and full-year 2014 were in-line with the Company's prior financial guidance.

The Company generated strong operating cash flow for both the fourth quarter and full-year. Operating cash flow from continuing operations for the fourth quarter 2014 was $829 million compared to $1.1 billion for the fourth quarter 2013. Fourth quarter 2014 included a $600 million pretax discretionary cash contribution to the Company's pension plans compared to $300 million in the fourth quarter 2013. For the full-year 2014 and 2013, the Company generated $2.1 billion and $2.4 billion of operating cash flow from continuing operations, respectively.



Summary Financial Results
























4th Quarter


%


Twelve Months


%

($ in millions, except per share data)

2014


2013


Change


2014


2013


Change













Bookings

$

7,109


$

7,517


-5.4%


$

24,052


$

22,132


8.7%

Net Sales

$

6,143


$

5,870


4.7%


$

22,826


$

23,706


-3.7%

Income from Continuing Operations attributable to Raytheon Company

$

576


$

467


23.3%


$

2,179


$

1,932


12.8%

Adjusted Income*

$

530


$

506


4.7%


$

1,913


$

2,069


-7.5%

EPS from Continuing Operations

$

1.86


$

1.46


27.4%


$

6.97


$

5.96


16.9%

Adjusted EPS*

$

1.71


$

1.58


8.2%


$

6.12


$

6.38


-4.1%

Operating Cash Flow from Continuing Operations

$

829


$

1,106




$

2,064


$

2,382



Workdays in Fiscal Reporting Calendar

60


59




249


249















* Adjusted Income is income from continuing operations attributable to Raytheon Company common stockholders, and Adjusted EPS is diluted EPS from continuing operations attributable to Raytheon Company common stockholders; in each case, excluding the after-tax impact of the FAS/CAS Adjustment and, from time to time, certain other items. Twelve Months 2014 Adjusted Income and Adjusted EPS excluded the approximately $80 million and $0.26 favorable tax impact, respectively, resulting from cash repatriation in the first quarter 2014. Twelve Months 2013 Adjusted Income and Adjusted EPS excluded the $25 million and $0.08 impact, respectively, of the 2012 R&D tax credit. See attachment F for a reconciliation of these measures and a discussion of why the Company is presenting this information.















For the full-year 2014, the Company repurchased 7.7 million shares of common stock for $750 million.

In the fourth quarter 2014, the Company issued $600 million in long-term debt.

The Company ended 2014 with $611 million of net debt. Net debt is defined as total debt less cash and cash equivalents and short-term investments.

As previously announced, in the fourth quarter 2014, the Company acquired Blackbird Technologies, which enhances the Company's offerings in persistent surveillance, secure mobile communications and cybersecurity solutions in intelligence and special operations markets, and is now part of Raytheon's Intelligence, Information and Services (IIS) business.

Backlog



($ in millions)

Period Ending


2014



2013


Backlog

$

33,571



$

33,685


Funded Backlog

$

23,092



$

23,014




Backlog at the end of 2014 was comprised of 40 percent international compared to 37 percent at the end of 2013.

Outlook

The Company has provided its financial outlook for 2015. Charts containing additional information on the Company's 2015 outlook are available on the Company's website at www.raytheon.com/ir.



2015 Financial Outlook





2014 Actual


2015 Outlook

Net Sales ($B)

22.8


22.3 - 22.8

FAS/CAS Adjustment ($M)

286


197

Interest Expense, net ($M)

(203)


(225) - (235)

Diluted Shares (M)

313


305 - 307

Effective Tax Rate

26.5%


Approx. 27.5%

EPS from Continuing Operations

$6.97


$6.20 - $6.35

Adjusted EPS**

$6.12


$5.49 - $5.64

Operating Cash Flow from Continuing Operations ($B)

2.1


2.3 - 2.6





** Adjusted EPS is diluted EPS from continuing operations attributable to Raytheon Company common stockholders, excluding the after-tax impact of the FAS/CAS Adjustment and, from time to time, certain other items. In addition to the FAS/CAS Adjustment, 2014 Adjusted EPS and 2015 Adjusted EPS guidance also excludes the impact of certain tax related items. See attachment F for a reconciliation of this measure and a discussion of why the Company is presenting this information.



Segment Results

The Company's reportable segments are: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); and Space and Airborne Systems (SAS).



Integrated Defense Systems












4th Quarter




Twelve Months



($ in millions)

2014


2013


% Change


2014


2013


% Change

Net Sales

$

1,627


$

1,569


4%


$

6,085


$

6,489


-6%

Operating Income

$

299


$

241


24%


$

974


$

1,115


-13%

Operating Margin

18.4%


15.4%




16.0%


17.2%





Integrated Defense Systems (IDS) had fourth quarter 2014 net sales of $1,627 million, up 4 percent compared to $1,569 million in the fourth quarter 2013. The increase in net sales was primarily due to higher sales on international Patriot programs. IDS had full-year 2014 net sales of $6,085 million compared to $6,489 million in 2013. The change in net sales was primarily due to the scheduled completion of production phases on certain international Patriot programs, a missile defense radar program, and a close combat radar program.

IDS recorded $299 million of operating income in the fourth quarter 2014 compared to $241 million in the fourth quarter 2013. The increase in operating income was primarily driven by improved operating performance and a change in program mix. IDS recorded $974 million of operating income in 2014 compared to $1,115 million in 2013. The change in operating income for the full-year 2014 was primarily driven by lower volume and a change in mix on international Patriot programs.

During the quarter, IDS booked $2,038 million to provide advanced Patriot air and missile defense capability for Qatar and $355 million for the Air Warfare Destroyer (AWD) program for the Australian Navy. IDS also booked $192 million to provide Consolidated Contractor Logistics Support (CCLS) and $154 million for a radar sustainment contract for the Missile Defense Agency (MDA).



Intelligence, Information and Services










4th Quarter




Twelve Months



($ in millions)

2014


2013


% Change


2014


2013


% Change

Net Sales

$

1,538


$

1,458


5%


$

5,984


$

6,045


-1%

Operating Income

$

131


$

121


8%


$

508


$

510


—

Operating Margin

8.5%


8.3%




8.5%


8.4%





Intelligence, Information and Services (IIS) had fourth quarter 2014 net sales of $1,538 million, up 5 percent compared to $1,458 million in the fourth quarter 2013. The increase in net sales was primarily driven by higher volume on classified programs. IIS had full-year 2014 net sales of $5,984 million compared to $6,045 million in 2013.

IIS recorded $131 million of operating income in the fourth quarter 2014 compared to $121 million in the fourth quarter 2013. The increase in operating income was primarily driven by higher volume. IIS recorded $508 million of operating income in 2014 compared to $510 million in 2013.

During the quarter, IIS booked $111 million on the Allied System for Geospatial Intelligence (ASG) program for the United Kingdom. IIS also booked $391 million on a number of classified contracts.



Missile Systems










4th Quarter




Twelve Months



($ in millions)

2014


2013


% Change


2014


2013


% Change

Net Sales

$

1,719


$

1,638


5%


$

6,309


$

6,599


-4%

Operating Income

$

212


$

201


5%


$

800


$

830


-4%

Operating Margin

12.3%


12.3%




12.7%


12.6%





Missile Systems (MS) had fourth quarter 2014 net sales of $1,719 million, up 5 percent compared to $1,638 million in the fourth quarter 2013. The increase in net sales was primarily driven by higher volume on the Advanced Medium-Range Air-to-Air Missile (AMRAAM) and Evolved Sea Sparrow Missile (ESSM) programs. MS had full-year 2014 net sales of $6,309 million compared to $6,599 million in 2013. The change in net sales was primarily driven by lower sales on U.S. Army programs.

MS recorded $212 million of operating income in the fourth quarter 2014 compared to $201 million in the fourth quarter 2013. The increase in operating income was primarily due to higher volume. MS recorded $800 million of operating income in 2014 compared to $830 million in 2013. The change in operating income for the full-year 2014 was primarily due to lower volume.

During the quarter, MS booked $509 million for AMRAAM for the U.S. Air Force, U.S. Navy and international customers. MS also booked $146 million for ESSM for the U.S. Navy and international customers and $102 million for Tube-launched, Optically-tracked, Wireless-guided (TOW) missiles for the U.S. Army, U.S. Marines and international customers.



Space and Airborne Systems










4th Quarter




Twelve Months



($ in millions)

2014


2013


% Change


2014


2013


% Change

Net Sales

$

1,660


$

1,613


3%


$

6,072


$

6,371


-5%

Operating Income

$

217


$

253


-14%


$

846


$

920


-8%

Operating Margin

13.1%


15.7%




13.9%


14.4%





Space and Airborne Systems (SAS) had fourth quarter 2014 net sales of $1,660 million, up 3 percent compared to $1,613 million in the fourth quarter 2013. The increase in net sales was primarily driven by higher volume on an electronic warfare systems program. SAS had full-year 2014 net sales of $6,072 million compared to $6,371 million in 2013. The change in net sales for the full-year 2014 was primarily due to lower volume on intersegment sales and on classified programs.

SAS recorded $217 million of operating income in the fourth quarter 2014 compared to $253 million in the fourth quarter 2013. The change in operating income was primarily due to the timing of program efficiencies. SAS recorded $846 million of operating income in 2014 compared to $920 million in 2013. The change in operating income for the full-year 2014 was primarily due to a change in program mix and lower volume.

During the quarter, SAS booked $105 million for Advanced Targeting Forward Looking Infrared (ATFLIR) pods and spares for the U.S. Navy and international customers. SAS also booked $76 million on the Navy Multiband Terminal (NMT) program and $150 million on a number of classified contracts.

[Jerry70]

$ RTN. Looks ready to make another Leg up from here. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN

[Cbdpotential]

Keeps on moving up! I like :)

[Jerry70]

$ RTN. Raytheon scholarships help three veterans pursue cybersecurity, engineering careers.

WALTHAM, Mass., Nov. 11, 2014 /PRNewswire/ -- Raytheon Company and Student Veterans of America today awarded three $10,000 scholarships to military veterans studying cybersecurity and engineering, and also opened applications for a new scholarship being offered to Army student veterans.

The Raytheon/SVA scholarship, now in its second year, marks the organizations' shared mission to help veterans succeed in civilian life through the study of science, technology, engineering and math. The new scholarship, called the Raytheon Patriot scholarship, will provide $10,000 to two Army student veterans pursuing graduate or undergraduate degrees at accredited universities, and who demonstrate leadership in their local communities.

The Raytheon/SVA scholarship recipients are:

Damien Calderon, 26, an Army veteran studying mechanical engineering at The University of Texas at Austin;
Megan Freeman, 29, a Navy veteran studying computer science at the University of Nevada-Las Vegas;
Edward Thiemann, 34, an Air Force veteran pursuing a Ph.D in remote sensing at the University of Colorado Boulder.
"We appreciate Raytheon's ongoing support of our efforts to empower student veterans, and we've found three uniquely talented people among a field of excellent applicants," said D. Wayne Robinson, president and CEO of Student Veterans of America. "These scholarships will help them build upon the expertise and training they received while serving their country and pursue careers that are successful and rewarding."

Army veterans interested in the Raytheon Patriot scholarship can apply on the Student Veterans of America website. The application process will close February 1, 2015.

About Student Veterans of America
SVA is a 501(c)(3) non-profit coalition of more than 850 student veteran organizations on college campuses globally. Founded in 2008, the SVA's mission is to provide military veterans with the resources, support and advocacy needed to succeed in higher education and following graduation. The peer-support provided by each SVA chapter has been linked to an easier transition to campus and greater academic success for student veterans.

[Jerry70]

$ RTN. Liking RTN better every day and looking forward to 2015. GO > $$$$$$$$$$$$$$$$$$$$$$$ RTN

[Jerry70]

$ RTN. Holding up good & liking what i see for the rest of the year. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN

[Jerry70]

$ RTN. Really liked todays News & only shows that the Company is steady bringing in new Revenue. GO > $$$$$$$$$$$$$$$ RTN

[Jerry70]

$ RTN. Up good today on the News & should move up good for awhile IMO. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN

[Jerry70]

$ RTN. Raytheon awarded $174.5 million contract to provide ground and airborne ISR mission support to the U.S. Air Force.

DULLES, Va., Nov. 4, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) received a $174.5 million follow-on contract from the U.S. Air Force to provide field support for high-altitude intelligence, surveillance and reconnaissance (ISR) and the Distributed Command Ground System (DCGS) mission. This is the 15th year that Raytheon has successfully partnered with the Air Force on this contract, and ninth year that Raytheon has implemented year-over-year cost savings.

Since 2005, Raytheon has supported over 14,000 airborne missions and more than 20,000 ground missions for the Air Force as part of the Contractor Field Services program. Under this Air Force Warner Robins Air Logistics Complex contract, the Raytheon-led team provides around-the-clock contractor field services to the warfighter at numerous sites around the globe. The contractor requirements cover a broad range of ground operations support including:

system maintenance
operations training
pre-flight system checks
mission support during flights
post-mission problem analysis
new system installations and upgrades
In addition to the DCGS mission, the Raytheon team also supports data processing and dissemination for unmanned system sensors, ground controls, and data links.

"Our Contractor Field Service representatives offer mission critical expertise and are intimately familiar with how entire systems work which allows them to successfully support the DCGS mission," said Todd Probert, vice president for the Mission Support and Modernization mission area at Raytheon Intelligence, Information and Services. "Our long partnership with the Air Force has allowed Raytheon to seamlessly collaborate with our customer to achieve mission success – we have reduced cost while maximizing system availability."

DCGS is a worldwide distributed, network centric, system-of-systems architecture that conducts collaborative intelligence operations. DCGS provides both physical and electronic distribution of intelligence, surveillance and reconnaissance data, processes, and systems.

Find out more about DCGS at www.raytheon.com/capabilities/products/dcgs/.

[Jerry70]

$ RTN. Always glade to be involved with RTN and better than having the Money in the Bank IMO. GO > $$$$$$$$$$$$$$$$ RTN

[Jerry70]

$ RTN. New England Legal Foundation Honors Jay B. Stephens, Raytheon General Counsel, with First Annual Cabot Award.

WALTHAM, Mass., Oct. 31, 2014 /PRNewswire/ -- Raytheon Senior Vice President, General Counsel and Corporate Secretary Jay B. Stephens has been named the New England Legal Foundation's first annual John G.L. Cabot Award honoree in recognition of his distinguished service and leadership in both the public and private sectors.

"No one epitomizes better than Jay Stephens the qualities that the John G.L. Cabot Award seeks to honor: wise leadership, sound judgment and profound legal knowledge," said Martin Newhouse, president of the New England Legal Foundation, a non-profit, public-interest foundation.

As an active and valued member of NELF's board of directors since 2003, Stephens served as the organization's board chair from 2007 to 2010. The non-partisan NELF advocates in courts throughout New England and in the U.S. Supreme Court for the principles of free enterprise and sound business legal practices.

About Jay B. Stephens

Stephens learned early on about the importance of public service, free enterprise, and the qualities that make America a very special place. Stephens was raised on a farm in Iowa and early in his education attended a one-room school before leaving Iowa to attend Harvard College, where he graduated magna cum laude and Phi Beta Kappa. He attended Oxford University on a Knox Fellowship, and earned his Juris Doctor degree cum laude from Harvard Law School.

"My experience growing up gave me a deep sense that America is a very special place, and that we have a responsibility to contribute to the well-being of others, and that we have an obligation to protect and defend America as an exceptional land of opportunity and liberty," Stephens noted in accepting the Cabot Award.

Stephens has served in a variety of positions with the U.S. Government and in the private sector. He served in the White House as Deputy Counsel to President Reagan. Later he was appointed by the President to serve as the U.S. Attorney for the District of Columbia where he led the largest and most active U.S. Attorney's office in the United States. In 2001, following Senate confirmation, he was appointed by President Bush to serve as Associate Attorney General of the United States.

Stephens has also served in a variety of positions in the private sector. He was a partner in the Washington, D.C. office of the law firm of Pillsbury, Madison, & Sutro, served as corporate vice president and deputy general counsel for Honeywell International, and later joined Raytheon in 2002 as the Company's Senior Vice President and General Counsel.

About the Cabot Award

Each year, the Cabot Award is given to honor an individual whose work reflects a steadfast commitment to the advancement of free enterprise principles in our community, both in public discourse and our courtrooms, according to NELF. The award is named for John G. L. Cabot, in recognition of his long and distinguished support of the New England Legal Foundation (NELF) and service as a member of NELF's board of directors from 1978-1994. In 1995, after serving as vice chair, treasurer and chair of NELF, Cabot became a trustee of the organization, a post he holds today.

About New England Legal Foundation

New England Legal Foundation (NELF) is the only non-profit public interest law firm in New England addressing policy and constitutional concerns related to free enterprise. NELF's mission is promoting public discourse on the proper role of free enterprise in our society and advancing free enterprise principles in the courtroom. The Foundation's approach is non-partisan and is based on the premise that while the free market should not be left entirely unregulated, it usually provides the greatest opportunity for the greatest number when left free from unwarranted intrusion.

NELF's primary activity in service of its mission is the filing of amicus curiae (friend of the court) briefs in appellate cases in the state and federal courts of New England, and in the United States Supreme Court, that involve economic, commercial or property rights questions that are likely to create precedent that will have policy and/or constitutional impact for the business community and society as a whole.

More information about NELF can be found at www.nelfonline.org

About Raytheon

Raytheon Company, with 2013 sales of $24 billion and 63,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 92 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as cyber security and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @Raytheon.

[Jerry70]

$ RTN. Raytheon awarded $205 million Phalanx upgrade contract.

PARIS, Oct. 30, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) was awarded a multi-year bulk buy contract totaling over $200 million to provide Phalanx Close-in Weapon Systems (CIWS) upgrade kits, support equipment and hardware spares to the Japan Maritime Self-Defense Force (JMSDF). The CIWS is an integral element of Japan's Ship Self-Defense Program.

"Phalanx provides the critical inner-layer of protection to sailors around the globe against threats that are continually evolving," said Rick Nelson, vice president of Raytheon Missile Systems' Naval and Area Mission Defense product line. "Thanks to its array of sensors, Phalanx brings a proven solution against threats launched from land, sea or air."

Close-in Defense Solutions

Phalanx is a rapid-fire, computer-controlled radar and 20 mm gun system that automatically acquires, tracks and destroys enemy threats that have penetrated all other ship defense systems. More than 890 systems have been built and deployed in navies around the world.

Intended to enlarge Phalanx's keep-out range against evolving anti-ship missiles, rotary- and fixed-wing aircraft and other threats, SeaRAM Anti-ship Missile Defense Systems use advanced Phalanx Block 1B sensors and replaces the gun with an 11-round Rolling Airframe Missile guide. SeaRAM is aboard the Independence-class of the U.S. Navy's Littoral Combat Ships.

About Raytheon

Raytheon Company, with 2013 sales of $24 billion and 63,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 92 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as cyber security and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @Raytheon.

[Jerry70]

$ RTN. The 10q is out and the Link to it. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN

http://ih.advfn.com/p.php?pid=nmona&article=64148538&symbol=RTN

[chmcnfunds]

Thermal imaging for smartphones continues to take off

Aug 19 2014, 07:37 ET

Collaborating with Raytheon (NYSE:RTN) and chip maker Freescale Semiconductor (NYSE:FSL), startup Seek Thermal is planning to sell a thermal imaging add-on camera for smartphones for about ~$250 this fall.The new add-on camera is bringing down the price for the cameras, which may ultimately become a built-in feature on many consumer products.This past July, Flir Systems (NASDAQ:FLIR) introduced a $349 iPhone accessory that allows a smartphone's display to show glowing heat signatures of people, animals, lights and other objects.Such technology is already used for many commercial purposes, such as detecting leaking hot-water pipes and overheating electrical devices, and the further advances in the field may lead cheaper thermal cameras to hit the mass market.
Share this with a colleague
____________________________________
http://seekingalpha.com/news/1941695-thermal-imaging-for-smartphones-continues-to-take-off

RTN

[chmcnfunds]

Raytheon receives eBorders arbitration award

Aug 18 2014, 10:02 ET | About: Raytheon Company (RTN)

Raytheon (RTN +1%) has announced its receipt of a decision over Raytheon Systems Limited (Raytheon U.K.) and the United Kingdom Home Office's lawsuit over their eBorders program.The arbitration found that the Home Office had unlawfully terminated Raytheon U.K. for default in 2010 and therefore had renounced their eBorders contract.As a result, approximately £185M ($309M) has been awarded to Raytheon U.K. for damages and other monetary relief. The tribunal also found that the Home Office had wrongfully retained the £50M ($83M) it had drawn on Raytheon U.K.'s letters of credit in April 2011.
__________________________

RTN

[chmcnfunds]

Raytheon to convert Massachusetts' highway tolling system

Aug 13 2014, 10:02 ET | About: Raytheon Company (RTN)

Raytheon (RTN +1%) and a team of Massachusetts-based companies will convert and replace all manual cash and electronic toll systems on several highways in the state with a system that will automatically toll vehicles as they travel under a gantry.The $130M contract was awarded to Raytheon from the Massachusetts Department of Transportation, and will allow drivers to pass under toll stations at highway speeds
_______________________________________

RTN

[chmcnfunds]

Raytheon Awarded $11 million to develop directed energy technology for light vehicle deployment

U.S. Marine Corps field testing vehicle-based laser weapons

EL SEGUNDO, Calif., Aug. 13, 2014 /PRNewswire/ --

Laser weapon systems moved a step closer to reality with the award of an $11 million contract to Raytheon Company (NYSE:RTN). Under an Office of Naval Research program, Raytheon will develop a vehicle-based laser device capable of defeating low-flying threats such as enemy drones.

The Ground Based Air Defense (GBAD) Directed Energy On-the-Move Future Naval Capabilities program calls for a field demonstration of a Humvee-mounted short-range laser weapon system with a minimum power output of 25kW. The Raytheon-built laser will be packaged to meet the U.S. Marine Corps' demanding size, weight and power requirements.

"Raytheon's laser solution generates high power output in a small, light-weight rugged package ideally suited for mobile platforms," said Bill Hart, vice president of Raytheon Space Systems.

Raytheon's planar waveguide (PWG) technology is the key to its unique approach to high energy lasers. Using a single PWG, the size and shape of a 12 inch ruler, Raytheon high energy lasers generate sufficient power to effectively engage small aircraft.

"Our PWG laser architecture is scalable: We can achieve increasingly higher power levels with the same compact design we're using for GBAD," Hart said. "Raytheon is paving the way for fielded directed energy weapon systems in the very near future with the demonstration of a Marine Humvee-based high energy laser."

About Raytheon

Raytheon Company, with 2013 sales of $24 billion and 63,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 92 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as cyber security and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @Raytheon.

Media Contact

DJ Sandler

+1.310.647.9067

[e-mail]

SOURCE Raytheon

Read more: http://www.nasdaq.com/press-release/raytheon-awarded-11-million-to-develop-directed-energy-technology-for-light-vehicle-deployment-20140813-00306#ixzz3AH909WUx
________________________________

RTN

[chmcnfunds]

Raytheon: Buying Opportunity In A Good Yielding Stock

Jul. 30, 2014 11:57 AM ET | About: Raytheon Company (RTN)
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Summary

Although RTN's stock has gained 62.1% from the start of 2013, it still has plenty of room to move up.
RTN has compelling valuation metrics and strong earnings growth prospects.
RTN is generating strong free cash flows and returns value to its shareholders by stock buyback and increasing dividend payments.
RTN had bookings of $6.8 billion in the second quarter, resulting in a book-to-bill ratio of 1.19.
I find Raytheon Co. (NYSE:RTN) stock to be an excellent combination of value and dividend growth stock. Despite the tepid defense budget, the company has been able to get new deals. The company has a large backlog of $33 billion and its latest quarter a book-to-bill ratio was 1.19. In my opinion, Raytheon still has plenty of room to move up. RTN has compelling valuation metrics and strong earnings growth prospects. Furthermore, the company is generating strong free cash flows and returns value to its shareholders by stock buyback and increasing dividend payments.

The Company

Raytheon is the world's fifth largest military contractor and a leading maker of missiles and radar. The company is specializing in defense and other government markets throughout the world. Raytheon was founded in 1922 and is based in Waltham, Massachusetts.

Segments

Raytheon operates in four reportable segments: Integrated Defense Systems, Intelligence, Information and Services, Missile Systems and Space and Airborne Systems.

A comparison between the segment's revenue in the first six months of 2014 to that of 2013 is shown in the chart below.

(click to enlarge)(clink link below for the many charts and graphs)


Data: company's report

The Space and Airborne Systems segment showed the highest sales decline in the first six months of 2014, sales were $2,903 million, a 9.3% decrease from $3,202 million in 2013. Operating margin was at 13.5% in 2014 and 13.8% in 2013. Operating margin improved in the second-quarter of 2014 to 13.4% from 13.3% in the second-quarter of 2013.

Valuation Metrics

The table below presents the valuation metrics of RTN, the data were taken from Yahoo Finance and finviz.com.

(clink link below for the many charts and graphs)[/color]

Raytheon's valuation metrics are very good; the company has a relatively low debt, the enterprise value-to-revenue ratio is quite low at 1.27 and the enterprise value-to-EBITDA ratio is very low at 8.57. According to finviz.com, RTN's next financial year forward P/E is very low at 11.97 and the average annual earnings growth estimates for the next 5 years is high at 11.70%. These give a very low PEG ratio, for a large cap company, of 1.02. The PEG Ratio - price/earnings to growth ratio is a widely used indicator of a stock's potential value. It is favored by many investors over the P/E ratio because it also accounts for growth. A lower PEG means that the stock is more undervalued.

Latest Quarter Results

On July 24, Raytheon reported its second-quarter 2014 financial results; EPS were in-line with expectations and revenues were above estimates.

The company reported second quarter 2014 EPS from continuing operations of $1.59 compared to $1.50 in the second quarter 2013. Second quarter 2014 Adjusted EPS was $1.41 per diluted share compared to $1.64 per diluted share in the second quarter 2013. Net sales for the second quarter 2014 were $5.7 billion compared to $6.1 billion in the second quarter 2013.

In the report, Thomas A. Kennedy, Raytheon's CEO said:

Demand for Raytheon's innovative and affordable solutions from our global customers was strong in the quarter, and international opportunities in the second half of the year are significant. Second quarter sales, earnings and cash flow all exceeded our expectations, reflecting the continuing hard work and dedication of the Raytheon team.

Dividend and buy-back program

Raytheon has been raising its dividend payment since 2002. The forward annual dividend yield is at 2.59%, and the payout ratio is only 35%. The annual rate of dividend growth over the past three years was very high at 23.5%, over the past five years was also very high at 19.2%, and over the past ten years was high at 12.9%. I consider that besides dividend yield, the consistency and the rate of raising dividend payments are the most crucial factors for dividend-seeking investors, and RTN's performance has been impressive in this respect.

(click to enlarge)(clink link below for the many charts and graphs)


Since the company generates lots of cash, and the payout ratio is low, there is a good chance that the company will continue to raise its dividend payment.

In the second quarter 2014, the Company repurchased 2.6 million shares of common stock for $250 million. Year-to-date 2014, the Company repurchased 4.6 million shares of common stock for $450 million.

Competitors and Group Comparison

A comparison of key fundamental data between Raytheon and its main competitors is shown in the table below.

(click to enlarge)(clink link below for the many charts and graphs)


Source: Yahoo Finance, finviz.com

Raytheon's valuation metrics look better than those of its main competitors. Raytheon has the strongest earnings growth prospects, the lowest forward P/E ratio, and by far the lowest PEG ratio among the stocks in the group.

Raytheon's return on capital parameters have been much better than its industry median, its sector median and the S&P 500 median, as shown in the tables below.

(click to enlarge)(clink link below for the many charts and graphs)


Source: Portfolio123

Technical Analysis

The charts below give some technical analysis information.

(click to enlarge)(clink link below for the many charts and graphs)


(click to enlarge)


Chart: finviz.com

The RTN stock price is 0.29% below its 20-day simple moving average, 1.76% below its 50-day simple moving average and 2.09% above its 200-day simple moving average. That indicates a short-term downtrend and a long-term uptrend.

(click to enlarge)(clink link below for the many charts and graphs)


Chart: TradeStation Group, Inc.

The weekly MACD histogram, a particularly valuable indicator by technicians, is negative at -1.08 and ascending, which is a neutral signal (a rising MACD histogram and crossing the zero line from below is considered an extremely bullish signal). The RSI oscillator is at 48.84 which do not indicate overbought or oversold conditions.

Analyst Opinion

Analyst opinion is divided, among the twenty-two analysts covering the stock, five rate it as a strong Buy, Six rate it as a Buy and eleven analysts rate it as a Hold.

TipRanks is a website that ranks experts (analysts and bloggers) according to their performance. According to TipRanks, among the analysts covering RTN stock there are only six analysts who have the four or five star rating, four of them recommend the stock, and two analysts have a Hold rating on the stock.

Major Development

After significantly outperforming the market in 2013, RTN'S stock has been underperforming lately. After reporting EPS in-line with expectations and revenues above estimates, on July 24, RTN stock is down about 2.2%. Since the beginning of the year RTN's stock has gained only 2.8% while the S&P 500 index has increased 7.1%, and the Nasdaq Composite Index has risen 6.4%. However, since the start of 2013 RTN's stock has gained 62.1% while the S&P 500 index has increased 38.8%, and the Nasdaq Composite Index has risen 47.2%.

According to the military news website DoDBuzz.com, In its publication from July 18, congress plans to boost the Tomahawk missiles fleet:

Following suit with the House Armed Services Committee's mark-up of the fiscal year 2015 defense bill, the Senate Appropriations Committee recently announced it hopes to add $82 million for Tomahawk production in 2015. The move raises planned Tomahawk production for 2015 from 100 missiles to 196. The fiscal year 2015 budget proposal had called for 100 Tomahawk missiles to be produced in 2015 before stopping production in 2016 until re-certification in 2019.

On July 16, Raytheon announced that it has received a $235.5 million contract for Radar Digital Processor kits to upgrade the combat-proven Patriot Air and Missile Defense System for the US and two partner nations.

The new orders for these two Raytheon's important missiles systems are very positive for the company, since it demonstrate that despite the tepid defense budget the company has been able to get new deals.

The Company had bookings of $6.8 billion in the second quarter 2014, resulting in a book-to-bill ratio of 1.19. In the second quarter 2013, bookings were $5.3 billion. Year-to-date 2014 bookings were $11.1 billion compared to year-to-date 2013 bookings of $8.9 billion.

(click to enlarge)(clink link below for the many charts and graphs)[/color]


Source: Q2 Earnings Presentation

Seventy two percent of Raytheon's revenues came from the U.S. military in 2013 (73% in 2012 and 74% in 2011), though international orders have been an area of strength in recent periods, and are expected to represent about 30% of 2014 sales.

Raytheon is expected to show strong earnings growth. Although according to Raytheon management's revised guidance, its estimate net sales for 2014 of $22.5-$23.0 billion are lower than the actual $23.7 billion net sales in 2013, the company is expecting an increase in its EPS from continuing operations of about 15% from $5.96 to $6.74-$6.89.

Risk

The company depends on the U.S. Government for a substantial portion of its business and changes in government defense spending and priorities could have consequences on its financial position, results of operations and business. Raytheon's international business is subject to geopolitical and economic factors, regulatory requirements and other risks. According to Raytheon, it enters into fixed-price and other contracts which could subject it to losses in the event that it face cost growth that cannot be billed to customers.

Conclusion

Raytheon has compelling valuation metrics and strong earnings growth prospects; its EV/EBITDA ratio is very low at 8.57, and its PEG ratio is only 1.02. Raytheon is generating strong free cash flows and returns value to its shareholders by stock buyback and increasing dividend payments. For the full-year 2013, the company has repurchased 15.2 million shares of common stock for approximately $1.1 billion, and year-to-date 2014, the company repurchased 4.6 million shares of common stock for $450 million.

All these factors lead me to the conclusion that RTN stock still has room to go up. Furthermore, the rich dividend represents a gratifying income.

Arie Goren (3,841 followers)
_____________________________________
http://seekingalpha.com/article/2358085-raytheon-buying-opportunity-in-a-good-yielding-stock?app=1&uprof=46

RTN

[chmcnfunds]

Raytheon: Underpriced, Long-Term Value
Jul. 3, 2014 12:30 AM ET | 10 comments | About: Raytheon Company (RTN)
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Summary

Raytheon’s share price is not keeping pace with its earnings.
The company has strong financials and low debt. Plus, it pays a dividend.
Raytheon is having success with its technologies and attracting big companies like Boeing as a result.
Defense spending is down overall, but the industry is still expected to grow 5% this year.
Raytheon (NYSE: RTN) is an aerospace and defense company with a $29 billion market cap, and it could be next year's blow-out stock. The 92-year-old company is a pro at mission systems integration and state-of-the-art sensing systems and severely underpriced.

High Earnings Versus Price

Last fiscal year, Raytheon "increased its bottom line by earning $5.96 versus $5.66 in the prior year," writes TheStreet. "This year, the market expects an improvement in earnings ($6.95 versus $5.96)." But its share price isn't keeping pace.

RTN Chart

RTN data by YCharts (click link below for charts/tables)

Raytheon is trading at $92.47 on a 52-week range of $64.53 to $102.33. At this price, the company has a price to earnings ratio of just 14.36 - despite the fact that its share price is up over 40% compared to last year.

Even Better Compared to the Competition

This fact is even more impressive looking at its competitors. Boeing (NYSE:BA) is priced at $127.62 on a 52-week range of $98.99 to $144.57. Analysts are enthusiastic, giving the company a one-year target estimate of $153.91 but it is still priced at 22 times its earnings, which is in line with the industry average of 21.54. Lockheed Martin (NYSE:LMT) is in roughly the same position as Boeing. The company is priced a little less. It is currently trading at $158.98, or 16.44 times its earnings, but its lookout isn't as encouraging. Consensus estimates put Lockheed Martin at just $170.56 next year.

Strong Foundation

Raytheon also has a strong foundation. According to its 2013 Annual Report, the company's net debt is only $204 million and it has increased its dividends in the past 10 consecutive years, including a 10% dividend increase in 2014.

RTN Dividend Chart

RTN Dividend data by YCharts (click link below for charts/tables)

Raytheon has also been active in share repurchases, spending $8.7 billion in 2009 to 2013 on share repurchases and dividends. The company also has a good eye on building things up for its future, spending $3.4 billion on capital investments and acquisitions from 2009 to 2013 and, on top of that, its operating margins have been climbing steadily, moving to 13.4% in 2013 from 12% in 2009.

Contract with Boeing

Raytheon recently celebrated its 35th successful space intercept using its missile kill vehicle technology, and it is attracting the right sort of attention. Raytheon is a subcontractor for Boeing on its $41 billion project to establish a defense system against long-range ballistic missiles, called ground-based Midcourse Defense (GMD) system.

Strategic Thinking

However, despite such higher level involvement, Raytheon is strategic. The company keeps its business hedged pretty evenly across the field. According to its 2013 Annual Report, Raytheon's business is roughly divided in quarters - space and airborne systems, integrated defense systems, missile systems, and intelligence systems - and those are further divided up between more than 15,000 contracts. The advantage here is that if one is canceled, the company doesn't risk losing a large chunk of its income.

Industry Outlook

"Global defense spending is declining, resulting mainly from reduced armed conflict in Iraq and Afghanistan and affordability concerns in many traditional militarily active governments," according to Deloitte. "However, defense spending is increasing in several areas of the globe, especially in the Middle East, India, China, Russia, South Korea, Brazil, and Japan." Overall, the aerospace and defense industry is expected to grow at a rate of 5% in 2014.

Conclusion

Raytheon has strong earnings and ebbing share price. Its business is hedged across divisions and divided amongst tens of thousands of projects, providing security against fluctuations in aerospace and defense spending. Add to this increasing dividends and a growing industry, Raytheon is a solid long position.
_____________________________________________
http://seekingalpha.com/article/2297785-raytheon-underpriced-long-term-value

RTN

[Jerry70]

$ RTN. Mathletes® gear up for the 2014 Raytheon MATHCOUNTS® National Competition.

WALTHAM, Mass., May 1, 2014 /PRNewswire/ -- The nation's best and brightest middle school math students, better known as Mathletes®, will come together in Orlando, Fla., May 8-11 to compete for the titles of National Champion and top team in the 2014 Raytheon MATHCOUNTS® National Competition. Raytheon Company (NYSE: RTN) is title sponsor of the competition through 2018, as a core component of the company's MathMovesU® program, an initiative designed to inspire the next generation of technologists and innovators.

The final 224 competitors represent all 50 states, the District of Columbia, U.S. territories and schools from the Departments of Defense and State. They have prevailed in competitions involving some 100,000 students from more than 5,000 schools at the local and state levels to earn the right to compete in Orlando.

"The Raytheon MATHCOUNTS National Competition brings together some of our nation's brightest young mathematicians," said Lou DiGioia, executive director of MATHCOUNTS. "Through our partnership with Raytheon, we can continue to offer fun and challenging programs to students across the country so that all children have access to future opportunities in science, technology, engineering and mathematics."

ESPN3 will webcast live coverage of the Countdown Round, the finale of the Raytheon MATHCOUNTS National Competition on Friday, May 9, at 2 p.m. EDT. ESPN3.com is the same network that carries the early rounds of the Scripps National Spelling Bee.

Also to be determined will be the winner of the 2014 Math Video Challenge, a program in which teams of middle school students create original videos that demonstrate the real-world application of a math concept as described in the MATHCOUNTS School Handbook. An online voting process that garnered more than 70,000 votes selected four finalist teams; each will present its video on Saturday, May 10. The winning video will be selected by the 224 Mathletes at the 2014 Raytheon MATHCOUNTS National Competition.

In addition to incredible bragging rights, the winners of the 2014 Raytheon MATHCOUNTS National Competition will receive substantial prizes: the National Champion will receive the $20,000 Donald G. Weinert Scholarship to the college of his or her choice along with a trip to U.S. Space Camp in Huntsville, Ala. Runners-up, as well as members of the winning team, will also receive college scholarships. Math Video Challenge finalists have already receives an all-expense paid trip to the 2014 Raytheon MATHCOUNTS National Competition, and each member of the winning team will be awarded a $1,000 college scholarship.

To spread the spirit of the Raytheon MATHCOUNTS National Competition, the company is introducing the world to the Mathletes on Twitter with the hashtag #MeetTheMathletes.

About MATHCOUNTS
MATHCOUNTS is a nonprofit organization that strives to engage middle school students of all ability and interest levels in fun, challenging math programs, in order to expand their academic and professional opportunities. Middle school students exist at a critical juncture in which their love for mathematics must be nurtured, or their fear of mathematics must be overcome. For more than 30 years MATHCOUNTS has provided free, high-quality resources to educators and enriching, extracurricular opportunities to students to lay a foundation for future success. Materials and information are available at www.mathcounts.org.

About MathMovesU
Raytheon's MathMovesU® program is an initiative committed to increasing middle and elementary school students' interest in math and science education by engaging them in hands-on, interactive activities. The innovative programs of MathMovesU include the traveling interactive experience MathAlive!®; Raytheon's Sum of all Thrills™ experience at INNOVENTIONS at Epcot®, which showcases math in action as students design and experience their own thrill ride using math fundamentals; the "In the Numbers" game, a partnership with the New England Patriots on display at The Hall at Patriot Place presented by Raytheon; the company's ongoing sponsorship of the MATHCOUNTS® National Competition; and the MathMovesU scholarship and grant program. Follow MathMovesU and other Raytheon community outreach programs on Facebook and on Twitter @MathMovesU.

[rightothesky]

You also!

[Jerry70]

$ RTN. Thanks alot and have a good day. GO > $$$$$$$$ RTN

[rightothesky]

You also, GL!

[Jerry70]

$ RTN. Raytheon recognized by TrainingIndustry.com as Top 20 Training Outsourcing Company.

DALLAS, April 30, 2014 /PRNewswire/ -- Raytheon Professional Services LLC, a subsidiary of Raytheon Company (NYSE: RTN), announced today its recognition as a "2014 Top 20* Training Outsourcing Company" by TrainingIndustry.com. The Top 20 list honors leading training outsourcing companies for their consistent, high quality services and comprehensive capabilities.

Companies must meet specific criteria for eligibility, including breadth and quality of the training services; industry visibility, innovation and impact; capability to deliver multiple types of training services; company size and growth potential, and strength of client and geographic reach.

"Last year, Raytheon Professional Services (RPS) delivered 7.2 million hours of training in 28 languages to customers from Mexico to China, and being awarded this recognition speaks to our global training leadership." said David Letts, vice president and general manager, RPS. "Our customers require us to provide solutions for a wide range of training objectives and challenges, and our team of experts applies best practices from across industries to consistently drive better results for our customers and our industry."

"Companies selected for the Top 20 list have demonstrated expertise and experience in managing major business process outsourcing engagements as well as creating a significant impact on the industry," said Ken Taylor, chief operating officer of TrainingIndustry.com

As part of its commitment to service excellence, TrainingIndustry.com continuously reviews companies that provide training business process outsourcing (BPO) services and conducts an annual assessment to determine suppliers' experience and capabilities.

[Jerry70]

$ RTN. Raytheon tests new guidance system for Tomahawk cruise missile.


TUCSON, Ariz., April 28, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) successfully completed a passive seeker test designed for a Tomahawk Block IV cruise missile using company-funded independent research and development investment. The captive flight test, using a modified Tomahawk Block IV missile nose cone, demonstrated that Raytheon's advanced, next-generation; multi-function processor can enable the cruise missile to navigate to and track moving targets emitting radio frequency signals.

For the test, the nosecone of a Tomahawk Block IV missile was equipped with passive antennas integrated with Raytheon's new modular, multi-mode processor, and fitted to a T-39 aircraft. Flying at subsonic speed and at varying altitudes, the aircraft simulated a Tomahawk flight regime. The passive seeker and multi-function processor successfully received numerous electronic signals from tactical targets in a complex, high density electromagnetic environment.

"Completion of this test is a significant milestone in Raytheon's effort to quickly and affordably modernize this already advanced weapon for naval warfighters," said Mike Jarrett, Raytheon Air Warfare Systems vice president. "We have assessed our company-funded multi-mission processor at Technical Readiness Level 6, enabling it to move to the engineering, manufacturing and development phase. Besides Tomahawk, the processor could be used in other sophisticated weapon systems."

A Raytheon-funded active seeker test with the company's new processor inside a Tomahawk nosecone is planned for early next year. That event will demonstrate the processor's ability to broadcast active radar as well as passively receive target electromagnetic information – a critical step in enabling the missile to strike moving targets on land and at sea.

[Jerry70]

$ RTN. Raytheon tackles nation's STEM workforce challenge during "STEM Week" in Washington, D.C.


WALTHAM, Mass., April 23, 2014 /PRNewswire/ -- What can the U.S. do to prepare today's students to take on STEM jobs in the future? To help answer that question, U.S. News and Raytheon Company (NYSE: RTN) today launched the STEM Index to measure just that. It's the first comprehensive index measuring the key factors related to STEM jobs and education.

The Index finds that although we are making strides in some areas, the U.S. continues to fall short in preparing today's students for tomorrow's innovation workforce. Student aptitude and interest has been mostly flat for more than a decade even as the need for STEM skills continues to grow. The pipeline of talent needed to fill current and future jobs requiring STEM skills is not adequate to meet the demand.

This week, Raytheon joins industry, government and education leaders in our nation's capital to address this workforce challenge head on. Kicking off "STEM Week" is the U.S. News STEM Solutions National Leadership Conference, a three-day event focused on addressing the shortage of STEM skills in the American workforce.

On Friday, Raytheon's Chairman William H. Swanson will be inducted into the U.S. News STEM Hall of Fame, recognized for his leadership in advancing STEM education and preparing the next generation of engineers and scientists. Swanson and the other three honorees were chosen from a group of industry, academic and nonprofit leaders.

Closing out the week is the three-day USA Science & Engineering Festival, April 25-27 in Washington, D.C. – the largest and only national festival of its kind. Raytheon will be among 750 STEM-focused organizations to exhibit at the festival. Visitors to the exhibit will get a rare behind-the-scenes look at how Raytheon processes the mountain of data that becomes part of every weather forecast in the country. Called the Advanced Weather Interactive Processing System, this product plays a critical role in the ability of U.S. forecasters to make weather predictions that can save lives and safeguard property. Visitors will also be guided in building and testing rockets with help from the company's engineers.

Attracting bright students who are pursuing STEM degrees as potential future employees is another important mission for Raytheon. One way the company is doing this is by sponsoring the nation's largest cyber defense competition for undergraduate and graduate students, April 25-27 in San Antonio, Texas. During the Raytheon National Collegiate Cyber Defense Competition students from across the country compete to defend their own "commercial" network against an onslaught of cyber attacks.

Raytheon has hired former NCCDC competitors, and as the need for cyber security solutions continues to increase, there will be more jobs to fill. In the U.S., the Pentagon committed last month to hiring 6,000 new cyber professionals by 2016. At the same time, government and industry are increasing their demand for cyber experts at an annual rate of more than 11 percent in the next few years.

A recent Raytheon study shed light on the need to educate today's students about the growing demand for cyber expertise – as 82 percent of high school-aged respondents said they had never heard about cyber security opportunities from their teachers or guidance counselors.

About MathMovesU

Raytheon's MathMovesU® program is an initiative committed to increasing middle and elementary school students' interest in math and science education by engaging them in hands-on, interactive activities. The innovative programs of MathMovesU include the traveling interactive experience MathAlive!®; Raytheon's Sum of all Thrills™ experience at INNOVENTIONS at Epcot®, which showcases math in action as students design and experience their own thrill ride using math fundamentals; the "In the Numbers" game, a partnership with the New England Patriots on display at The Hall at Patriot Place presented by Raytheon; the company's ongoing sponsorship of the MATHCOUNTS® National Competition; and the MathMovesU scholarship and grant program. Follow MathMovesU and other Raytheon community outreach programs on Facebook and on Twitter @MathMovesU.

[Jerry70]

Raytheon Company to release first quarter 2014 results on April 24, 2014.

WALTHAM, Mass., April 15, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) Will issue its first quarter 2014 earnings news release at 7 a.m. EDT Thursday, April 24, 2014. The release will be posted on Raytheon's website.

The first quarter 2014 earnings results conference call will be at 9 a.m. EDT Thursday, April 24, 2014. The call will be audiocast on the Internet at www.raytheon.com/ir. Charts to be referenced during the call will be available on the website for printing prior to the call.

Participants are urged to check the website ahead of time to ensure their computers are configured for the audio stream. Instructions for obtaining the required downloadable software are posted to the site.

[Jerry70]

Long-term Agreements, Product Upgrades, Relocations, Stock Price Updates, and Conversion Options - Analyst Notes on GE, John ...
RTN

Today, Analysts Review released its analysts' notes regarding General Electric Company (NYSE: GE), Deere & Company (NYSE: DE), Raytheon Co. (NYSE: RTN), Illinois Tool Works Inc. (NYSE: ITW), and L-3 Communications Holdings Inc. (NYSE: LLL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
--
General Electric Company Analyst Notes
On March 31, 2014, General Electric Company (GE) reported that it has signed a new seven-year Global Frame Agreement with PETRONAS, Malaysia's leading Oil & Gas Corporation. According to GE, the agreement requires supply of gas turbine packages for PETRONAS' onshore and offshore projects in Malaysia and other countries around the world and includes an option for renewal for a further three years. Another significant achievement was the award of PETRONAS' Floating LNG project, which is targeted to be the world's first offshore LNG plant. Designed to produce 1 million tons of LNG a year, the startup of the facility is scheduled for 2016. Commenting on the development, Lorenzo Simonelli, CEO of GE Oil & Gas, said, "GE is committed to reinforcing our strong, long-term partnership and collaboration with PETRONAS. This new agreement allows us to be more closely aligned with PETRONAS so that we can better anticipate their technology needs and streamline the delivery process." The full analyst notes on General Electric Company are available to download free of charge at:
http://www.AnalystsReview.com/04032014/GE/report.pdf
--
Deere & Company Analyst Notes
On March 27, 2014, Deere & Company (John Deere) announced the introduction of new, larger grapples and enhanced heavy-duty axle upgrades for the 648H and 748H models. The Company informed that the new options offer improved productivity and longer axle life making it easier to move more wood, more reliably. Brandon O'Neal, Product Marketing Manager at John Deere Construction & Forestry, commented, "The new larger grapples and enhanced heavy-duty axle upgrades for the 648H and 748H Skidders give our customers more flexibility than ever when configuring a machine that best fits their business needs." The full analyst notes on Deere & Company are available to download free of charge at:
http://www.AnalystsReview.com/04032014/DE/report.pdf

--
Raytheon Co. Analyst Notes On March 26, 2014, Raytheon Co. (Raytheon) announced its intentions to shift its Garland, Texas, operations to a new modern office complex to be built at the CityLine development in Richardson, Texas. The Company informed that it will occupy 489,000 square feet in three buildings located near the intersection of President George Bush Turnpike and North Central Expressway (US 75). Raytheon will begin shifting in Q4 2015, depending upon how the construction of the new site pans out. Commenting on the development, Lynn Dugle, President of Raytheon Intelligence, Information and Services (IIS), said, "Moving our Garland operations to this state-of-the-art facility in Richardson, Texas, will provide an outstanding modern work environment for our 1,700 employees and visitors and will allow for expansion as our business grows." The full analyst notes on Raytheon Co. are available to download free of charge at:
http://www.AnalystsReview.com/04032014/RTN/report.pdf
--
Illinois Tool Works Inc. Analyst Notes
On March 31, 2014, shares of Illinois Tool Works Inc. (ITW) edged 0.71% higher, closing the day at $81.33. During the session, the Company's shares opened at $81.10 and vacillated in the range of $81.00 - $81.22. A total of 2.26 million shares changed hands during the day. The shares are trading near the 52-week high of $84.32. Over the previous three trading sessions, shares of ITW increased 0.82%, underperforming the NYSE Composite which increased 1.63% during the same period. In February 2014, ITW struck a deal with the private equity firm - Carlyle Group LP, which agreed to buy out ITW's industrial packaging unit for $3.2 billion. The deal marked a step towards, the Company's stated goal of divesting a quarter of its businesses in terms of revenue. The full analyst notes on Illinois Tool Works Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04032014/ITW/report.pdf

--
L-3 Communications Holdings Inc. Analyst Notes
On March 31, 2014, L-3 Communications Holdings Inc. (L-3) announced the conversion option for holders of the $689.4 million outstanding principal amount of its 3% Convertible Contingent Debt Securities (CODES) due 2035 at a conversion price of approximately $89.08 per share. The Company informed that the CODES are convertible because the closing price of shares of the Company's common stock, for at least 20 trading days during the 30 consecutive trading-day period ending on March 28, 2014 (the last trading day of the previous fiscal quarter), was greater than 120% of the then current conversion price of the CODES (Trading Price Condition). The holders' rights to convert their securities pursuant to the Trading Price Condition begins March 31, 2014 and ends at 5:00 p.m. New York City time, on June 27, 2014. L-3 will settle the entire conversion payment obligation with respect to converted CODES, if any, in cash. The full analyst notes on L-3 Communications Holdings Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04032014/LLL/report.pdf


About Analysts Review
We provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Analysts Review comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN

[Jerry70]

$ RTN. Holding Great as always and looking for it to move up more soon. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN

[Jerry70]

$ RTN. Still making Major News & Looking better Every day IMO. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN

[smartmoneyman]

Thanks for the Update

[Jerry70]

$ RTN. NEW FRIDAY 2/7/2014

GAGAN System reaches certification milestone in India Friday 7 February 2014

NEW DEHLI, Feb. 6, 2014 /PRNewswire/ -- The GPS-Aided Geo Augmented Navigation (GAGAN) system jointly developed by Airports Authority of India, the Indian Space Research Organization and Raytheon (NYSE: RTN) has achieved certification level Required Navigation Performance (RNP) 0.1. Civil aircraft in Indian airspace will now have access to more precision navigation data than ever before. The GAGAN system is a Satellite Based Augmentation System (SBAS) equipped with the most advanced air navigation technology available.
The GAGAN system advances safety and improves efficiency of airlines operating throughout India. Aircraft equipped with SBAS receivers may utilize GAGAN signals in Indian airspace for en route navigation and non-precision approaches without vertical guidance. This capability will allow aircraft to follow more efficient flight paths through congested airspace, noise sensitive areas or difficult terrain.
"The enhanced navigation capability available through GAGAN improves air travel for all parties - airlines, passengers and air traffic authorities," said Brian Hickey, Director, Raytheon Navigation and Landing Systems. "In addition to enhancing air traffic safety, the system will result in increased efficiencies and lower costs for Indian aviation."
The GAGAN system includes 15 reference stations strategically placed in India to optimize signal availability, uplink stations, master control stations, communication network and associated software, all integrated to two Geostationary Earth Orbit satellites transmitting GPS corrections in C and L bands.
GAGAN is the fourth SBAS system certified for operational use. The system provides coverage for the entire Indian Flight Information Region via broadcast signals from the Indian built GSAT 8 and GSAT 10 satellites. Raytheon has co-developed three of the four world's SBAS systems in concert with national aviation and transportation authorities

GO > $ RTN

[Jerry70]

$ RTN. Looking forward to see what type news we will get Tommorow. GO > $ RTN

[Jerry70]

Raytheon Reports Solid Fourth Quarter and Full-Year 2013 Results

WALTHAM, Mass., Jan. 30, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) announced fourth quarter 2013 Adjusted EPS1 of $1.58 per diluted share compared to $1.62 per diluted share in the fourth quarter 2012. Fourth quarter 2013 EPS from continuing operations was $1.46 compared to $1.41 in the fourth quarter 2012. The fourth quarter 2012 Adjusted EPS1 excluded a $0.06 net charge associated with the impact of early debt retirement, and has been revised to include the favorable $0.02 impact for the 2012 research and development (R&D) tax credit approved by Congress in January 2013. In addition, the fourth quarter 2013 Adjusted EPS1 excluded an unfavorable FAS/CAS Adjustment of $0.12, compared with an unfavorable FAS/CAS Adjustment of $0.13 in the fourth quarter 2012.

Full-year 2013 Adjusted EPS1 was $6.38 per diluted share compared to $6.28 for the full-year 2012. Full-year 2013 EPS from continuing operations was $5.96 compared to $5.65 for the full-year 2012.
_____________________________
1 Adjusted EPS is diluted EPS from continuing operations attributable to Raytheon Company common stockholders, and Adjusted Operating Margin is total operating margin; in each case, excluding the impact of the FAS/CAS Adjustment, and from time to time, certain other items. Full-year 2013 Adjusted EPS excluded the $0.08 impact of the 2012 research and development (R&D) tax credit, approved by Congress in January 2013, that relates to 2012. Q4 2012 and full-year 2012 Adjusted EPS also excluded the impact of the early retirement of debt as discussed above and have been revised to include the favorable $0.02 and $0.07 impact, respectively, for the 2012 R&D tax credit. Adjusted EPS and Adjusted Operating Margin are non-GAAP financial measures. See attachment F for a reconciliation of these measures and a discussion of why the Company is presenting this information.
"Over the past year, the Raytheon team delivered solid operating results in a dynamic business environment," said William H. Swanson, Raytheon's Chairman and CEO. "We continued to expand our international business while also winning significant new programs with our advanced technologies and affordable solutions that position us well for the future."



















Summary Financial Results






















4th Quarter

%

Twelve Months

%

($ in millions, except per share data)
2013

2012

Change

2013

2012

Change














Net Sales
$
5,870

$
6,439

-8.8%

$
23,706

$
24,414

-2.9%

Income from Continuing Operations attributable to
Raytheon Company
$
467

$
466

0.2%

$
1,932

$
1,889

2.3%

Adjusted Income*
$
506

$
536

-5.6%

$
2,069

$
2,099

-1.4%

EPS from Continuing Operations
$
1.46

$
1.41

3.5%

$
5.96

$
5.65

5.5%

Adjusted EPS*
$
1.58

$
1.62

-2.5%

$
6.38

$
6.28

1.6%

Operating Cash Flow from Continuing Operations
$
1,106

$
988



$
2,382

$
1,951



Workdays in Fiscal Reporting Calendar
59

58



249

249

















* Adjusted Income is income from continuing operations attributable to Raytheon Company common stockholders, and Adjusted EPS is diluted EPS from continuing operations attributable to Raytheon Company common stockholders; in each case, excluding the after-tax impact of the FAS/CAS Adjustment and, from time to time, certain other items. Full-year 2013 Adjusted Income and Adjusted EPS both excluded the $0.08 impact of the 2012 R&D tax credit. Q4 2012 and full-year 2012 Adjusted Income and Adjusted EPS also both excluded the impact of the early retirement of debt and have been revised to include the favorable $0.02 and $0.07 impact, respectively, for the 2012 R&D tax credit. Adjusted Income and Adjusted EPS are non-GAAP financial measures. See attachment F for a reconciliation of these measures and a discussion of why the Company is presenting this information.















Net sales for the fourth quarter 2013 were $5.9 billion compared to $6.4 billion in the fourth quarter 2012. Net sales in 2013 were $23.7 billion compared to $24.4 billion in 2012. Net sales for both the fourth quarter and full-year 2013 were in-line with the Company's prior financial guidance. The change in net sales for full-year 2013 reflects a 3 percent increase in international sales partially offsetting the decline in domestic sales, which included the impact of sequestration, the government shutdown, and a continuing resolution.
The Company generated strong operating cash flow for both the fourth quarter and full-year. Operating cash flow from continuing operations for the fourth quarter 2013 was $1.1 billion compared to $1.0 billion for the fourth quarter 2012. For the full-year 2013 and 2012, the Company generated $2.4 billion and $2.0 billion of operating cash flow from continuing operations, respectively.
In the fourth quarter 2013, the Company repurchased 4.7 million shares of common stock for $400 million as part of its previously announced share repurchase program. For the full-year 2013, the Company has repurchased 15.2 million shares of common stock for approximately $1.1 billion. Also, as previously announced in November 2013, the Company's Board of Directors authorized the repurchase of up to an additional $2.0 billion of the Company's outstanding common stock.
The Company ended 2013 with $437 million of net debt. Net debt is defined as total debt less cash and cash equivalents and short-term investments.
Bookings and Backlog
Bookings









Backlog




($ in millions)
4th Quarter

Twelve Months

($ in millions)
Period Ending


2013

2012

2013


2012


2013

2012

Bookings
$
7,517

$
7,892

$
22,132


$
26,504

Backlog
$
33,685

$
36,181











Funded Backlog
$
23,014

$
24,047


The Company had bookings of $7.5 billion in the fourth quarter 2013 and ended 2013 with a backlog of $33.7 billion.
Outlook
The Company has provided its financial outlook for 2014. Charts containing additional information on the Company's 2014 outlook are available on the Company's website at www.raytheon.com/ir.


2014 Financial Outlook







2013 Actual

2014 Outlook

Net Sales ($B)

23.7

22.5 - 23.0

FAS/CAS Adjustment ($M)

(249)

346

Interest Expense, net ($M)

(198)

(200) - (210)

Diluted Shares (M)

324

312 - 314

Effective Tax Rate

29.3%

Approx. 28.5%

EPS from Continuing Operations

$5.96

$6.74 - $6.89

Adjusted EPS*

$6.38

$5.76 - $5.91

Operating Cash Flow from Continuing Operations ($B)
2.4

2.3 - 2.5








* Adjusted EPS is diluted EPS from continuing operations attributable to Raytheon Company common stockholders, excluding the after-tax impact of the FAS/CAS Adjustment and, from time to time, certain other items. See attachment F for a reconciliation of this measure and a discussion of why the Company is presenting this information.


Segment Results
The Company's reportable segments are: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); and Space and Airborne Systems (SAS).
Integrated Defense Systems












4th Quarter



Twelve Months



($ in millions)
2013

2012

% Change

2013

2012

% Change

Net Sales
$
1,569

$
1,730

-9%

$
6,489

$
6,492

—%

Operating Income
$
241

$
262

-8%

$
1,115

$
1,047

6%

Operating Margin
15.4%

15.1%



17.2%

16.1%



















Integrated Defense Systems (IDS) had fourth quarter 2013 net sales of $1,569 million compared to $1,730 million in the fourth quarter 2012. The change in net sales was primarily due to an international Patriot program nearing completion and lower volume on a tactical radar program. IDS had full-year 2013 net sales of $6,489 million compared to $6,492 million in 2012.
IDS recorded $241 million of operating income compared to $262 million in the fourth quarter 2012. The change in operating income was primarily driven by lower volume. IDS recorded $1,115 million of operating income in 2013 compared to $1,047 million in 2012. The change in operating income for the full-year 2013 was primarily driven by international programs.
During the quarter, IDS booked $1,277 million on a ground based air defense system for Oman. IDS also booked $393 million for the Engineering and Manufacturing Development (EMD) phase of the Air and Missile Defense Radar (AMDR) and $75 million on the Zumwalt-class destroyer program for the U.S. Navy. In addition, IDS booked $173 million for the production of an AN/TPY-2 radar, $172 million to provide Consolidated Contractor Logistics Support (CCLS) and $122 million for a radar sustainment contract for the Missile Defense Agency (MDA).
Intelligence, Information and Services










4th Quarter



Twelve Months



($ in millions)
2013

2012

% Change

2013

2012

% Change

Net Sales
$
1,458

$
1,603

-9%

$
6,045

$
6,335

-5%

Operating Income
$
121

$
136

-11%

$
510

$
536

-5%

Operating Margin
8.3%

8.5%



8.4%

8.5%





















Intelligence, Information and Services (IIS) had fourth quarter 2013 net sales of $1,458 million compared to $1,603 million in the fourth quarter 2012. The change in net sales was primarily due to lower volume on training and certain classified programs. IIS had full-year 2013 net sales of $6,045 million compared to $6,335 million in 2012. The change in net sales was primarily due to a National Science Foundation (NSF) Polar contract, which was completed in the first quarter 2012, and lower volume on training and classified programs.
IIS recorded $121 million of operating income compared to $136 million in the fourth quarter 2012. IIS recorded $510 million of operating income in 2013 compared to $536 million in 2012. The change in operating income for the full-year 2013 was primarily driven by lower volume.
During the quarter, IIS booked $585 million on a number of classified contracts, including $100 million for international cyber.
Missile Systems














4th Quarter



Twelve Months



($ in millions)
2013

2012

% Change

2013

2012

% Change

Net Sales
$
1,638

$
1,781

-8%

$
6,599

$
6,639

-1%

Operating Income
$
201

$
198

2%

$
830

$
861

-4%

Operating Margin
12.3%

11.1%



12.6%

13.0%





















Missile Systems (MS) had fourth quarter 2013 net sales of $1,638 million compared to $1,781 million in the fourth quarter 2012. The change in net sales was primarily driven by lower sales on U.S. Army sensor programs. MS had full-year 2013 net sales of $6,599 million compared to $6,639 million in 2012. The change in net sales was primarily driven by lower sales on U.S. Army sensor programs, partially offset by higher sales on an international Paveway™ program and on an air warfare systems program.
MS recorded $201 million of operating income compared to $198 million in the fourth quarter 2012. MS recorded $830 million of operating income in 2013 compared to $861 million in 2012. The change in operating income for the full-year 2013 was primarily due to a change in contract mix.
During the quarter, MS booked $189 million for Evolved Sea Sparrow Missile (ESSM) and $177 million for Phalanx Weapon Systems for the U.S. Navy and international customers. MS also booked $172 million for Paveway™ for the U.S. Air Force and international customers and $81 million for the Joint Standoff Weapon (JSOW) for the U.S. Navy.
Space and Airborne Systems










4th Quarter



Twelve Months



($ in millions)
2013

2012

% Change

2013

2012

% Change

Net Sales
$
1,613

$
1,820

-11%

$
6,371

$
6,823

-7%

Operating Income
$
253

$
283

-11%

$
920

$
988

-7%

Operating Margin
15.7%

15.5%



14.4%

14.5%





















Space and Airborne Systems (SAS) had fourth quarter 2013 net sales of $1,613 million compared to $1,820 million in the fourth quarter 2012. SAS had full-year 2013 net sales of $6,371 million compared to $6,823 million in 2012. The change in net sales for both the fourth quarter and full-year 2013 was primarily due to lower volume on intelligence, surveillance and reconnaissance systems programs and on classified programs.
SAS recorded $253 million of operating income compared to $283 million in the fourth quarter 2012. SAS recorded $920 million of operating income in 2013 compared to $988 million in 2012. The change in operating income for both the fourth quarter and full-year 2013 was primarily due to lower volume.
During the quarter, SAS booked $566 million on tactical airborne system upgrades for international customers, $134 million on the Global Aircrew Strategic Network Terminal (Global ASNT) program for the U.S. Air Force and $83 million on the Navy Multiband Terminal (NMT) program. SAS also booked $163 million on a number of classified contracts.
About Raytheon
Raytheon Company, with 2013 sales of $24 billion and 63,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 92 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as cyber security and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @raytheon.
Conference Call on the Fourth Quarter and Full-Year 2013 Financial Results
Raytheon's financial results conference call will be held on Thursday, January 30, 2014 at 9 a.m. ET. Participants will include William H. Swanson, Chairman and CEO; Thomas A. Kennedy, executive vice president and COO; David C. Wajsgras, senior vice president and CFO; and other Company executives.
The dial-in number for the conference call will be [phone] in the U.S. or [phone] outside of the U.S. The conference call will also be audiocast on the Internet at www.raytheon.com/ir. Individuals may listen to the call and download charts that will be used during the call. These charts will be available for printing prior to the call.
Interested parties are encouraged to check the website ahead of time to ensure their computers are configured for the audio stream. Instructions for obtaining the free required downloadable software are posted on the site.

[Jerry70]

$ RTN. 2013 Earning wasnt that bad & the pp,s done good IMO. Looks like a all around solid Company. GO > $ RTN