Defense contractors Raytheon and L3 Technologies on Thursday reported their sales improved in the most recent quarter. Raytheon said sales during the three-month period hit $6 billion, up from $5.8 billion during the same time frame a year earlier. Quarterly profit reached $500 million, up from $405 million the prior year. Raytheon's space and airborne systems business reported the greatest sales growth, reporting quarterly sales of $1.6 billion, up 8 percent from the prior year. The company attributed the boost...
