Company Update (NYSE:RTN): DARPA taps Raytheon to make infantry squads more adaptive, aware and effective

[PR Newswire] – TUCSON, Ariz., Jan. 21, 2016 /PRNewswire/ — DARPA, the U.S. Department of Defense’s advanced research and technology branch, has awarded a $2.5 million, Phase One contract to Raytheon Company (RTN) to develop new technologies to boost the effectiveness and safety of infantry squads. The contract was awarded under DARPA’s Squad X Core Technologies (SXCT) program, which is designed to speed development of new, lightweight, integrated systems to give infantry squads greater awareness, adaptability and flexibility in complex environments. The program will also enable dismounted soldiers and marines to more easily understand and control their mission environments. Read more on this. Raytheon Company (RTN) , valued at $35.37B, began trading this morning at $118.89. Looking at the stock, its one day range is $117.02 to $119.10 and has traded between $95.32 and $129.99 over the past year. Raytheon (RTN) shares are currently priced at 17.67x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 44.35x earnings multiple for the same period. The company pays shareholders $2.68 per share in dividend income per year, for a current yield of 2.22%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $1.80 per share, which would be $0.06 worse than the year-ago quarter and a $0.01 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $6.70, which would be a $0.27 setback when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.29 Billion. If realized, that would be a 2.44% increase over the year-ago quarter. In terms of ratings, Argus upgraded RTN from Hold to Buy (Nov 12, 2015). Previously, JP Morgan upgraded RTN from Neutral to Overweight. Investors should keep in mind is that the average price target is $136.63, which is 14.92% above where the stock opened this morning. See more in (NYSE:RTN) Similar Articles: Company Update: Raytheon Co (NYSE:RTN) – Raytheon marks 20 years of Cooperative Engagement Capability deployment Company Update: Raytheon Co (NYSE:RTN) – Raytheon recognizes 25 teachers for excellence in math and science Stock Update: Raytheon Co (NYSE:RTN) – U.S. Special Operations Command Taps Raytheon for Mission Support