Margins Slip But Cash Surges at Raytheon

So far this earnings season, we've regaled you with stories of how Lockheed Martin beat on earnings, and General Dynamics (NYSE: GD) at least met expectations. Northrop Grumman beat as well. And Boeing (NYSE: BA) turned in a simply superb quarter. With just one more earnings report, we can basically wrap up "Q2" for the major defense contractors, and begin making some conclusions -- so let's do that.

Here's what Raytheon (NYSE: RTN), the final company reporting out of the Big 5 defense companies, had to say about its second quarter.

Probably Raytheon's most famous product -- the Patriot Missile Battery. Image source: Getty Images.

Continue reading

Source: Fool.com