Raytheon (NYSE: RTN) announced first quarter 2011 Adjusted EPS of $1.38 per diluted share compared to $1.25 per diluted share in the first quarter 2010 a 10 percent jump from the same period last year.
“I am very pleased with the company’s solid performance in the quarter, particularly given the challenging budget environment, ” CEO William H. Swanson said. “Our continued focus on cost efficiencies and program performance is reflected in the year-over-year improvements in our operating results.”