Raytheon Space and Airborne Systems Gets a 4Q Boost from Classified Contracts
Raytheon Space and Airborne Systems (SAS) enjoyed a 7% increase in fourth quarter (4Q) 2019 net sales to $2.018 billion, compared to $1.88 billion in the fourth quarter 2018, with full-year sales jumping from $6.74 billion to $7.42 billion in 2019.
According to Raytheon Corp.‘s latest financial report issued January 30, the SAS division’s increase in net sales was primarily driven by higher net sales on classified programs, the Next Generation Overhead Persistent Infrared (Next Gen OPIR) program, and tactical communication systems programs.
During the quarter, Raytheon SAS booked $398 million on the Next Generation Jammer (NGJ) program for the U.S. Navy; $239 million for airborne radars for the U.S. Navy; and $120 million for the Multi-Spectral Targeting System (MTS) for various U.S. government customers. SAS also booked $172 million on a number of classified contracts.