Raytheon Reports 2005 First Quarter Results

Raytheon reported first quarter 2005 earnings with several highlights: - Earnings per share from continuing operations of $0.43, up 79% from prior year. - Sales of $4.9 billion, up 6% from prior year. - Better than expected free cash flow from operations of $338 million. - Guidance for full year 2005 earnings per share from continuing operations was increased to $1.85 to $1.95 per share.