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Home > Fortune 500 Companies > Raytheon Co
Raytheon Co
Raytheon Co is a publicly traded company having a good stock performance result. Raytheon Co is a fortune 500 stock listed company trading under RTN.
Raytheon has taken a shine to its place in the upper pantheon of US defense contractors The Company’s defense offerings include missile systems, radars, and reconnaissance, targeting, and navigation systems. RTN also makes radios, air traffic control systems and radars, and satellite communications systems. The company's Raytheon Aircraft unit makes turboprop aircraft and Beech and Hawker jets. It also offers commercial electronics products and services, but the US government accounts for nearly three-quarters of sales.
Raytheon Company reported fourth quarter 2005 income from continuing operations of 282 million dollars. Its net income was 276 million dollars as compared to 245 million dollars in the fourth quarter 2004.For the full year the Company reported income from continuing operations of 942 million dollars compared to 439 million dollars in 2004.
The Company reported 2005 net income of 871 million dollars compared to 417 million dollars in 2004. Net income for 2005 included a 71 million dollars after-tax loss in discontinued operations, versus 63 million dollars in 2004. The 2004 results also included an after- tax charge of 222 million dollars for the settlement of a class action shareholder lawsuit.
Total 2005 net sales for the Company were 21.9 billion dollars compared to 20.2 billion dollars for 2004, an increase of 8 percent. Government and Defense sales for the year after the elimination of inter company sales increased 6 percent to 18.2 billion dollars from 17.2 billion dollars in 2004. RAC sales for the year increased 18 percent to 2.9 billion dollars from 2.4 billion dollars in 2004.
The Government and Defense businesses reported fourth quarter 2005 bookings of 5.2 billion dollars with full-year 2005 bookings of 20.5 billion dollars. The Government and Defense businesses ended 2005 with a backlog of 31.2 billion dollars, an increase of 1.6 billion dollars over year end 2004.
The Company has increased full-year 2006 guidance for earnings per share from continuing operations primarily as a result of a 16 million dollars after-tax gain in 2006 from the sale of the Company's interest in Space Imaging.
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