Raytheon Unit’s Sales Rise on Classified Work

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Raytheon Space and Airborne Systems of El Segundo, Calif., reported a 6 percent increase in revenue for the third quarter of 2009, bringing in $1.1 billion for the quarter on increased classified business, according to an Oct. 22 company press release.

The company, which develops sensors for U.S. military and civil satellite programs, also booked another $201 million in classified contracts during the quarter, the release said.

Space and Airborne Systems’ parent company, Raytheon Co. of Waltham, Mass., recorded sales growth across each of its six divisions for the quarter and an earnings per share of $1.25, up 24 percent from the third quarter of 2008. The company reported a profit of $499 million for the quarter, up 14 percent over the same period last year. Net sales were $6.2 billion, compared to $5.9 billion a year earlier.

Raytheon’s Integrated Defense Systems division, headquartered in Tewksbury, Mass., reported a 9 percent increase in revenue for the third quarter to $1.39 billion, bolstered by increased sales of its Patriot missile system.