Raytheon beats profit, raises full-year forecast on higher weapons demand
Share:
(Reuters) - U.S. weapons maker Raytheon Company reported better-than-expected third-quarter profit on Thursday and raised its full-year earnings and sales outlook, helped by higher demand for weapons including missile warning systems.Massachusetts-based Raytheon and other U.S. weapons makers are expected to benefit from the $733-billion (£569 billion) defence bill for fiscal year 2020, which is about 2% higher from last year.Sales of U.S. military equipment to foreign governments, however,..