Tomahawk missile manufacturer announces growth in sales
Sales of Raytheon, which produces weapons for the U.S. Army, increased in the first quarter of 2017, leading to an increase by 3.4% in quarterly revenue. This is stated in the company’s recently released financial statement.
The company's revenue in the first quarter of last year was $6 billion. This year, the company's earnings also increased to $1.73 per share in contrast to $1.43 per share the year before. Thomas Kennedy, Chairman and Chief Executive Officer of Raytheon, stressed that the company is aimed at “global growth and operational excellence.”
Raytheon is one of the suppliers of the U.S. Department of Defense. It sells American military electronics, radar, anti-aircraft missile systems and air-to-air missiles. The company is also a supplier of Tomahawk cruise missiles. These were the missiles that the U.S. Army used to attack the Syrian Shayrat air base on April 4. The U.S. military used over 50 missiles for the strike.
Raytheon not only supplies arms to the US government, but also cooperates with a number of other countries. The official website of the company says that Raytheon cooperates with customers from 80 countries and has offices in 19 countries