September 26, 2022
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Net income and earnings per share soar at Raytheon

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Defense contractor Raytheon, based in Massachusetts with a large facility in Goleta, announced $6.3 billion in net sales for its first quarter, up 4.5 percent, and $623 million in net income, up nearly 25 percent. The company attributed the increase in net income and operating cash flow to lower taxes, saying it expected its operating…

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