Strong Organic Sales Growth
Sales were up 13% organically year-over-year with double-digit growth in commercial OE, commercial aftermarket, and defense.
Robust Free Cash Flow
Free cash flow was strong at $4 billion for the quarter, keeping the company on track for the full year target.
Record Backlog and Book-to-Bill Ratio
Backlog reached $251 billion, up 13% year-over-year, with a book-to-bill ratio of 1.63.
Significant Defense Orders
Raytheon booked over $8 billion of new orders for munitions, including historic orders for AMRAAM and GEM-T.
Improved Full Year Outlook
Raised full year adjusted sales range to $86.5 billion to $87 billion and increased adjusted EPS range to $6.10 to $6.20.
Successful Capacity Expansion
Invested over $600 million in capacity expansion, including significant expansions at Raytheon for missile integration.