Raytheon Records 5.5% Increase in Net Sales, $8.7B in Bookings for Q2 2018

Raytheon (NYSE: RTN) recorded $6.6 billion in net sales for the second quarter of fiscal 2018, reflecting a 5.5 percent increase from the same period last year.

The company said Thursday it logged $8.7 billion in Q2 bookings and $1.2 billion in operating cash flow related to second-quarter continuing operations.

The defense contractor posted $39.9 billion in backlog at the end of Q2 2018, which represents a 10.3 percent hike from the prior year period.

The company’s integrated defense systems segment reported a 4 percent increase in its Q2 net sales compared with the same quarter in 2017, while the intelligence, information and services segment recorded an 8 percent hike in Q2 revenue.

Raytheon’s missile systems segment saw its net sales rise 8 percent to $2 billion for the second quarter of 2018, driven by several contract bookings including $933 million for Standard Missile-3; $167 million for Tomahawk; and $205 million for tube-launched, optically-tracked wireless-guided missiles.

The contractor’s space and airborne systems segment and Forcepoint business respectively posted $1.6 billion and $148 million in Q2 revenue.

You may also be interested in...

William Conley CTO Mercury Systems

Mercury Systems’ William Conley Joins NDIA Central Georgia Chapter Board

William Conley, chief technology officer of Mercury Systems (Nasdaq: MRCY), has been named to the board of directors for the National Defense Industrial Association's Central Georgia chapter. He will serve as a board member for a term of up to six years, Mercury Systems said Thursday.

Cloud IT

DHS Posts $3B Data Center, Cloud Solicitation

The Department of Homeland Security has issued a request for proposals for its indefinite-delivery/indefinite-quantity Data Center and Cloud Optimization contract worth potentially $3.35B over 10 years.