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Well, just another typical day of hundreds of millions in new contracts for RTN. But Wall Street types don't care for companies that make profits and have true growth potential. They'd rather be long AMZN at the current $12 billion dollar market cap, because that's a safer bet to those geniuses.

Here's today's headlines, which are kind of like everyday's headlines to RTN these days.

11:01 +DJ Raytheon Gets $63M Pact For B-2 Bomber Radar Upgade [DJ]
11:03 *DJ Raytheon Says Total Radar Upgade Pact Worth About $575M [DJ]
12:01 PRESS RELEASE: Raytheon Gets Pact For F/A-22 Processors [DJ]

12:00 +DJ Raytheon Gets $55 M Pact >RTN [DJ]
13:20 DJ Raytheon/Lockheed -2: Processors For Avionics Sys >RTN [DJ]

12:00 *DJ Raytheon Pact For Common Integrated Processors For F/A-22 [DJ

Here's another story from today's DJ Newswire that pretty much butresses the thesis of my post The Decade of Defense.

Last month, Raytheon said its first-quarter earnings were $95 million, or 23 cents a share, compared with a loss of $583 million, or $1.47 a basic share, a year ago. Excluding discontinued operations that cut the period's earnings by four cents, the company beat Wall Street estimates of 26 cents a share by a penny.
Revenue for the quarter increased 7% to $4.2 billion from $3.91 billion.
On homeland security, Raytheon president Swanson said that the year started out well but that many opportunities in the area are still forming.
"This is just starting (emphasis mine) - we see some great capabilities," he said.
-By Erik Ahlberg, Dow Jones Newswires

It's a dman good thing that the pentagon doesn't follow the lead of the brilliant money gurus of Wall Street when deciding our defense priorities. We probably would already have been invaded and taken over by Canada by now.
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