Cybersecurity
Raytheon Jumps to Record as Missile Demand Buoys Sales
- Contractor heads to first annual revenue gain in five years
- International programs provide a boost amid squeeze in U.S.
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Raytheon Co. rallied to a record high after the maker of Patriot missile-defense systems boosted its 2015 sales forecast and projected the first annual increase in five years.
“We’re looking forward to returning to growth,” Chief Financial Officer Toby O’Brien said Thursday in a telephone interview. “We’ve had some strong international business. As those programs have ramped up, that’s helped to fuel the growth.”