Raytheon Reports 2008 First Quarter Results

This document provides a summary of Raytheon Company's earnings for the first quarter of 2008. It includes: 1) Solid bookings of $6.5 billion and record backlog of $37.7 billion for the quarter. 2) Sales increased 11% to $5.4 billion. Operating income grew 17% to $608 million and earnings per share increased 31% to $0.93. 3) The company repurchased 5.5 million shares and increased its dividend by 10% for the year as previously announced.