Daily News

Defense contractors report sales boosts

January 25, 2018 at 1:31 PM
Some of the largest defense contractors today said they saw sales increases in 2017. Raytheon reported sales for the year of $25.3 billion, up about 5 percent from 2016. However, the company's profit in 2017 reached $2 billion, down from $2.2 billion the prior year. Raytheon was bolstered by its missile systems business, which recorded 10 percent increases in both sales and profit in 2017. The contractor attributed the revenue boost to increased sales of its Paveway, Standard Missile-3 and...

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