Raytheon reports Q2 cont. ops EPS $1.59, consensus $1.59 Reports Q2 revenue $5.7B, consensus $5.58B. Reports Q2 adjusted EPS $1.41. The company had Q2 bookings of $6.8B, resulting in a book-to-bill ratio of 1.19.
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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.