Raytheon 3Q report

Raytheon said third-quarter profit rose 12 percent on higher international sales of border-security equipment and Patriot air-defense systems. The company said 2008 profit will be higher than it previously forecast and that earnings next year may exceed estimates. Profit from continuing operations beat the estimates, rising to $427 million, or $1.01 a share, from $380 million, or 86 cents, a year earlier, Waltham, Massachusetts-based Raytheon said in a statement. (Source: Bloomberg, 10/23/08)