What Happened
Defense Awards And Commercial Aftermarket Drive Growth
Raytheon reported Q3 revenue of $24.97 billion, exceeding analyst expectations by 3.3%, with adjusted EPS of $2.26, 27% above consensus estimates. The company raised its full-year revenue guidance to $97.25 billion at the midpoint, driven by strong demand in commercial aerospace and defense. According to StockStory, Raytheon’s performance was marked by double-digit growth in both segments, supported by robust demand and significant new defense contract awards.