With strong quarter, Raytheon raises earnings outlook

Article Abstract:

The Raytheon Co. reported first quarter 2006 net income of $287 million or 64 percent per diluted share, which is a 49 percent high earnings per share. The company noted that net income for the first quarter of 2005 included a $30 million after-tax loss in discontinued operations primarily attributable to an after-tax charge for the settlement of a class action shareholder lawsuit.

Contracts & orders received, Contracts & orders let, Contracts, Defense industry, Contract agreement, Raytheon Co., Defence industry

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Boeing probes seen continuing, but not harming revenues

Article Abstract:

The financial health of the Boeing Co. is not expected to suffer even though the company may see more disclosures emerge publicly with the continuation of the investigations of Boeing defense program. Senator John McCain, a Capitol Hill staffer, is determined to continue reviewing Boeing Pentagon contracts to protect taxpayers.

Legal issues & crime, Company legal issue, Investigations, Aerospace industry, Boeing Co., BA, Defense contracts, Government contract, Defence contracts

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