Exhibit 99.1

rtnlogo1a01a06a01a18.jpg
 
 
Raytheon Company
rtnline1a01a06a01a19.jpg
 
 
Global Headquarters
 
 
Waltham, Mass.
 
 
 
 
 
Investor Relations Contact
 
 
Todd Ernst
 
 
 
781.522.5141
 
 
 
 
 
 
 
Media Contact
 
 
 
Corinne Kovalsky
 
 
 
781.522.5899
For Immediate Release

Raytheon Reports Strong Fourth Quarter and Full-Year 2017 Results

Strong bookings of $8.5 billion in the quarter and $27.7 billion for the year; book-to-bill ratio of 1.26 in the quarter and 1.09 for the year
Fourth quarter net sales of $6.8 billion, up 8.0 percent; full-year net sales of $25.3 billion, up 5.1 percent for the year
Strong operating cash flow from continuing operations of $1.6 billion in the quarter and $2.7 billion for the year, after a $1.0 billion pretax discretionary pension plan contribution in the fourth quarter, which was not in prior guidance
Fourth quarter EPS from continuing operations of $1.35 and full-year EPS from continuing operations of $6.94; both periods included an unfavorable $0.59 impact from the enactment of the Tax Cuts and Jobs Act of 2017 and $0.09 impact from the discretionary pension contribution
__________________________________________________________________________________________________

WALTHAM, Mass., (January 25, 2018) - Raytheon Company (NYSE: RTN) today announced net sales for the fourth quarter 2017 of $6.8 billion, up 8.0 percent compared to $6.3 billion in the fourth quarter 2016. Fourth quarter 2017 EPS from continuing operations was $1.35 compared to $1.87 in the fourth quarter 2016. Fourth quarter and full-year 2017 included an unfavorable $0.59 provisional tax-related impact due to the enactment of the Tax Cuts and Jobs Act of 2017.
In addition, the company made a $1.0 billion pretax discretionary pension plan contribution in the fourth quarter 2017, which had an unfavorable tax-related EPS impact of $0.09 and was not included in the company’s prior guidance. The company made a $500 million pretax discretionary pension plan contribution in the fourth quarter 2016, which had an unfavorable tax-related EPS impact of $0.04.
Net sales in 2017 were $25.3 billion, up 5.1 percent compared to $24.1 billion in 2016. Full-year 2017 EPS from continuing operations was $6.94 compared to $7.55 for the full-year 2016.
“Raytheon delivered record sales and strong cash flow in 2017 reflecting the continued hard work and dedication of the Raytheon team,” said Thomas A. Kennedy, Raytheon Chairman and CEO. “Bookings strength across our broad portfolio of proven technology solutions positions the company well for the future.”
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 2017 and full-year 2017 was $1.6 billion and $2.7 billion, respectively, after making the $1.0 billion pretax discretionary cash contribution to the company’s pension plans.


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The following information was filed by Raytheon Co (RTN) on Thursday, January 25, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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