What Happened
Defense Awards and Commercial Aftermarket Drive Growth
Raytheon reported Q3 revenue of $24.97 billion, an 11.1% increase year-over-year, driven by double-digit growth in both commercial and defense segments. The company’s non-GAAP profit of $2.26 per share exceeded analysts’ estimates by 27%. CEO Christopher T. Calio highlighted robust global demand for Raytheon’s products and services, as well as the importance of executing on the company’s record backlog. This growth was reported by TradingView News.