![]() Raytheon is currently carries a Zacks Rank #3 (Hold). Thus, the company remains optimistic about its performance in 2016 backed by its robust backlog of $34.77 billion in the first quarter. Raytheon’s bookings in the first quarter increased 38.7% to $6.2 billion from $4.5 billion in the year-ago period. The contract is valued at $365.8 million. The SpecterDR 4x/1x offers the best single solution for both Medium Range and CQB engagements and is designed to withstand the rigors of modern professional use. Navy for the production of Aegis Weapon System AN/SPY-1D(V) Radar Transmitter Group, Missile Fire Control System MK 99 equipment and associated engineering services. Recently, Raytheon has won a contract from the U.S. The company has been enjoying a steady stream of contracts from government establishments. The company will continue to gain traction on the back of its focus on technological innovation and improvement of its product offering, which ensures more contract wins and an enhanced growth trajectory. Raytheon is one of the best-positioned large-cap defense players.
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