Thursday, July 26, 2007

Raytheon profit up on unit sale; raises forecast

(Reuters) - NEW YORK, July 26 - Raytheon Co. said on Thursday second-quarter net profit rose sharply, helped by a one-time gain from the sale of its aircraft unit and strong revenue from its missiles and military electronics units.



The U.S. No. 5 defense contractor also raised its full-year profit forecast, citing operational improvements across the board.


Read more at Reuters.com Market News

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