Raytheon Reports Higher Profit and Revenue for ’09

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Raytheon Co. of Waltham, Mass., reported earnings of $2 billion from sales of $24.9 billion in 2009, up 16 percent and 7 percent respectively from the previous year, the company said Jan. 28.

The company saw sales increase across each of its six divisions for the year, bolstered by increasing global demand for its Standard Missile program and Patriot missile system, according to a Raytheon press release. Bookings for the year, however, were down 6 percent at $25.1 billion.

Raytheon Integrated Defense Systems of Tewksbury, Mass., reported sales of $1.5 billion for the fourth quarter of 2009 and $5.5 billion for the year, up 8 percent and 7 percent, respectively. Growth was primarily driven by increased international Patriot sales, the release said.

Raytheon Intelligence and Information Systems of Garland, Texas, reported sales of $803 million for the fourth quarter, down 1 percent from the previous fourth quarter, and $3.2 billion in sales for the year, up 2 percent from the previous year. During the quarter, the division booked a $153 million contract to provide intelligence, surveillance and reconnaissance support to the U.S. Air Force and $519 million in classified contracts, the release said.

Raytheon Missile Systems of Tucson, Ariz., reported sales of $1.4 billion for the fourth quarter, up 3 percent from the previous fourth quarter, and sales of $5.6 billion for the year, up 3 percent from the previous year. Annual growth was due in part to increased sales of Standard Missile-3 interceptors.

Raytheon Space and Airborne Systems of El Segundo, Calif., reported sales of $1.3 billion for the fourth quarter — up 9 percent from the previous fourth quarter — and sales of $4.6 billion for the year, up 7 percent from the previous year. Growth was driven primarily by classified business, the report said.