Raytheon Missile sales go from strength to strength
Raytheon enters the final quarter of the year in a strong financial position supported by continued international and domestic demand across its missile portfolio.
For its third quarter earnings, the company reported net sales growth of 10% for its missile systems segment compared with Q3 2016, driven primarily by guided munition programmes including Paveway and Excalibur.
The most notable booking in the quarter was for the development of the Redesigned Kill Vehicle (RKV), a contract worth $492 million.
Speaking on the results, Thomas Kennedy, CEO of Raytheon, said the missile segment is on track to ‘dominate 2018 growth’.
‘We are seeing, especially
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