Raytheon boosts financial forecast

Defense contractor Raytheon Co. said income from continuing operations rose 20 percent in the second quarter and the company boosted its outlook for the year.

Waltham, Mass.-based Raytheon (NYSE: RTN) said sales rose 11 percent to $5.9 billion. Income from continuing operations was $426 million, or $1 a diluted share, compared with $355 million, or 79 cents a diluted share, in the second quarter 2007.

Raytheon now expects full-year earnings per share from continuing operations to be $3.80 to $3.95. The previous EPS range was $3.65 to $3.80.

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