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More on Raytheon (RTN -0.3%) Q2: net profit from continuing ops +10% to 472M, with the company's...

More on Raytheon (RTN -0.3%) Q2: net profit from continuing ops +10% to 472M, with the company's disciplined spending overcoming a fall in revenue. Ups FY EPS forecast to $5.70-$5.85 from $5.55-$5.70 prior, vs. consensus of $5.20. Affirms sales target of $24.5B-$25B vs. $24.55B consensus. Says its diversification should enable it to weather U.S. budget pressures.

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