While preparing our latest newsletter, I came across some positive news from several companies:
CACI (NYSE: CACI)
In its quarterly report, the firm raised its guidance for FY-2012 based on continued strength in operating performance; the addition of acquisitions in the cyber and business systems area, and a large commercial product sale. “Our record performance provides a solid foundation and strong momentum for the rest of the fiscal year and beyond.”
Raytheon (NYSE: RTN)
Raytheon announced that bookings in the quarter were up 14% to $6.9 billion from $6.04 billion a year earlier; shifting backlog upward to almost $35 billion. Its margin of 13% is also the highest in a decade. The firm plans to boost revenue via acquisitions and targeted international sales.
Boeng (NYSE: BA)
Boeing reported a 31% increase in 3Q profit as it delivered more commercial planes and boosted operated margins.
Textron (NYSE: TXT)
Its Bell Helicopters division announced plans to build a $240 million expansion of its facility in Fort Worth, Texas.
Northrop Grumman (NYSE: NOC)
Aannounced 150 job openings for engineers and other workers in San Diego.