[Satellite TODAY Insider 10-25-12] Operational improvements and capital deployment actions helped Raytheon<\/b> increase its earnings-per-share 15 percent in its third fiscal quarter of 2012 compared to the same period last year, the company announced in its latest financial results issued Oct. 25.<\/p>\n
Raytheon Chairman and CEO William Swanson said the company\u2019s effort to make its business more efficient while expanding its bookings has paid off. \u201cRaytheon\u2019s strong operating performance in the third quarter reflects our continued focus on reducing cost, and increasing productivity,\u201d Swanson said in a statement. \u201cOur bookings in the quarter were strong, and we have significant opportunities in both domestic and international markets for our innovative technologies and affordable solutions.\u201d
\n Raytheon\u2019s Network Centric Systems (NCS) business booked $70 million on the Family of Advanced Beyond-Line-of-Sight Terminals (FAB-T) program for the U.S. Air Force<\/b>. The new development contract helped push the unit\u2019s third quarter 2012 net sales to $963 million, though still short of the $1.1 billion it reported in the the third quarter 2011.
\n Swanson said he expected the NCS division to have a slight dip in net sales, primarily due to lower sales on U.S. Army<\/b> production programs. Raytheon NCS recorded $131 million of operating income compared to $162 million during the same period last year, attributed to a change in contract mix and lower volume in the third quarter 2012.
\n Raytheon Space and Airborne Systems (SAS), however, increased its 2012 third quarter net sales year-over-year, from $1.3 billion in 2011 to $1.32 billion in its most recent quarter. Raytheon SAS booked $105 million for an international sensor program during the quarter, along with $382 million on a number of classified contracts. The division also grew its operating income from $171 million in the comparable period last yea to $190 million, which was mostly driven a change in contract mix and improved program performance.
\n <\/b>Swanson provided his outlook for the next year, which will include significant changes in the U.S. government sector following the outcome of next month\u2019s presidential elections.
\n \u201cAlthough it remains uncertain if sequestration under the Budget Control Act (BCA) will be implemented, sequestration could have a significant impact on the U.S. military, the aerospace and defense industry and federal spending,\u201d Swanson said in a statement. \u201cSeveral industry associations estimate that sequestration, if implemented, could have a severe impact on U.S. aerospace and defense industry employment nationwide. We believe that Raytheon\u2019s large international market presence, portfolio of programs, technology and focus on high priority areas should help to mitigate some of the potential overall impact.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
[Satellite TODAY Insider 10-25-12] Operational improvements and capital deployment actions helped Raytheon increase its earnings-per-share 15 percent in its third fiscal quarter of 2012 compared to the same period last year, the company announced in its latest financial results issued Oct. 25. Raytheon Chairman and CEO William Swanson said the company\u2019s effort to make […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-82254","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/82254"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=82254"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/82254\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=82254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=82254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=82254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}