Raytheon Co. (RTN)By Zacks Equity Research
Sep 10, 2009
Raytheon (RTN), consistent in its performance surpassed
the Zacks consensus earnings estimate by $1.13 to
reach $1.24 in the second quarter of fiscal 2009.
Raytheon offers investors strong order bookings and
order backlog, an improving balance sheet, growing
cash flow, operational improvements, and an above
industry average ROE.
Going forward, growth will be
driven by focus on ISR unmanned systems, training,
cyber security, Standard Missile-6, Patriot, Zumwalt
and THAAD. Accordingly, we maintain our
Outperform recommendation on the stock with a $50
target price.
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