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FOR IMMEDIATE RELEASE
|Media Contact:||Investor Relations Contact:|
|Jon Kasle||Marc Kaplan|
Raytheon Reports Strong Fourth Quarter and Full-Year 2009 Results; Reaffirms Outlook for Continued Growth in 2010
Solid bookings of $7.1 billion in the quarter and $25.1 billion for the year
Delivered strong sales growth of 10 percent in the quarter and 7 percent for the year
Fourth quarter diluted earnings per share (EPS) from continuing operations of $1.30, up 29 percent; full-year 2009 EPS from continuing operations of $4.89, up 24 percent
Strong operating cash flow of $1.1 billion in the quarter and $2.7 billion for the year
WALTHAM, Mass., (January 28, 2010) Raytheon Company (NYSE: RTN) reported fourth quarter 2009 income from continuing operations of $517 million, up 21 percent compared to $428 million in the fourth quarter 2008. EPS from continuing operations for the fourth quarter 2009 was $1.30, up 29 percent compared to $1.01 in the fourth quarter 2008. Fourth quarter 2008 income from continuing operations included a $45 million ($69 million pretax) unfavorable adjustment due to the impact of pension investment returns on existing contracts in 2008.
Our 2009 results reflect the increasing global demand for our capabilities, as well as the Companys strong operational performance, said William H. Swanson, Raytheons Chairman and CEO. Looking ahead, we expect continued growth by providing our customers with innovative solutions that address their evolving needs.
The following information was filed by Raytheon Co (RTN) on Thursday, January 28, 2010 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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