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Business/Financial

Tax Credit, Stock Repurchases, Margin Improvement Boost Raytheon’s Income As Sales Flatten

Defense Daily Staff

Friday, April 26th, 2013

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Basically in line with its peers, Raytheon [RTN] yesterday posted higher first quarter earnings amid flat sales, as an extension of the federal research and development tax credit combined with a lower share count and improved operating margins raised the bottom line. Net income increased 9 percent to $488 million, $1.49 earnings per share (EPS), versus $448 million ($1.32 EPS), topping consensus estimates of $1.28 EPS. The retroactive extension of the tax credit to all of 2012 through the end…

Congress

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Congress

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Congress

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]

Congress

MOSA Implementation By Pentagon Lagging, GAO Official Says

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