Raytheon has reported a massive fourth quarter profit increase of 84 percent, fuelled by increased sales of combat systems and a tax gain.
Continuing operation profit rose to US$634m, up from US$344m in the same period last year.
Sales increased 7.9 percent to US$6bn.
Raytheon says including the loss from discontinued operations, such as the sale of its flight operations unit in October, net income rose to US$598m from US$365m in the previous year.
In the fourth quarter, Raytheon recorded a US$214m tax refund dating from 1984 to 1990.
By Elizabeth Clifford-Marsh
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData