Raytheon Q4 bookings could come in below guidance, says Wells Fargo After analyzing Pentagon contract awards, Wells Fargo believes that Raytheon's Q4 bookings may be below the $8.4B implied by its guidance. The firm thinks the shortfall is due to timing issues, but believes that the miss could pressure the stock. It keeps an Outperform rating on the shares, however.
News For RTN From The Last 14 Days
Check below for free stories on RTN the last two weeks.
Raytheon upgrades to Tomahawk pass flight tests Raytheon and the U.S. Navy completed successful back-to-back Tomahawk cruise missile flight tests that validated recent software improvements. The upgrades improve weapon system performance.