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Raytheon

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RTN

Raytheon Company : declares quarterly cash dividend and increases share repurchase authorization by $2.0 billion

November 15, 2017 at 04:07 pm EST

WALTHAM, Mass., Nov. 15, 2017 /PRNewswire/ -- Raytheon Company (NYSE: RTN) announced today that its Board of Directors has declared a quarterly cash dividend of $0.7975 per outstanding share of common stock. The cash dividend is payable on Feb. 1, 2018, to shareholders of record as of the close of business on Jan. 3, 2018.

The Board of Directors also authorized the repurchase of up to $2.0 billion of the company's outstanding common stock. This is in addition to amounts available under the authorized repurchase program, which were approximately $900 million at the end of the third quarter of 2017. Share repurchases may take place from time to time at the company's discretion depending on market conditions.

About Raytheon
Raytheon Company, with 2016 sales of $24 billion and 63,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 95 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I(TM) products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Mass. Follow us on Twitter.

www.raytheon.com

Investor Relations Contact
Todd Ernst
+1.781.522.5141

Media Contact
Corinne Kovalsky
+1.781.522.5899

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SOURCE Raytheon Company

Latest news about Raytheon

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Raytheon Technologies Announces Executive Changes	21-12-09	CI
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Raytheon Company(NYSE:RTN) dropped from S&P TMI Index	20-04-06	CI

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Company Profile

Raytheon specializes in the design, manufacturing and marketing of electronic defense equipment and systems. Net sales break down by family of products and services as follows: - missile systems (29.2%): weapons systems, missiles, munitions, projectiles, etc.; - integrated air and missile defense systems (23.4%): radars systems, control and monitoring equipments, communication, information, detection and imaging systems, etc.; - aerospace systems (23.1%): radars, airborne sensors, tactical airborne communications systems, software-defined radio solutions, advanced tactical networking systems, cryptographic systems, real-time sensor networking systems, etc.; - intelligence, surveillance and reconnaissance solutions and services (22.1%). The group also provides network systems (communication, surveillance, traffic control systems, etc.) and technical services (consulting, engineering, technical assistance and training services etc.); - network and information security solutions and services (2.2%). Net sales break down geographically as follows: the United States (70.6%), Middle East and North Africa (14%), Asia/Pacific (9.3%) and other (6.1%).

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