Raytheon, in partnership with the U.S. Army and U.S. Special Operations Command, mounted a high energy laser on an Apache helicopter similar to those in this image and engaged and fired on a target at White Sands Missile Range. Photo courtesy of Raytheon

Waltham, Mass., USA - July 27, 2017

Raytheon Company (NYSE: RTN) today announced net sales for the second quarter 2017 of $6.3 billion, up 4.2 percent compared to $6.0 billion in the second quarter 2016.

Second quarter 2017 EPS from continuing operations was $1.89 compared to $2.41 in the second quarter 2016. Second quarter 2017 EPS from continuing operations included a $0.09 charge associated with the early retirement of debt.

Second quarter 2016 EPS from continuing operations included a tax-free gain of $0.53 related to the previously disclosed ThalesRaytheonSystems (TRS) transaction.

Dr. Thomas A. Kennedy is Chairman and Chief Executive Officer (CEO) for Raytheon Company. Photo courtesy of Raytheon

"Global customer demand for our advanced capabilities continues to drive growth, resulting in stronger than expected bookings, sales, EPS and operating cash flow for the quarter and supporting increased guidance for the year," said Thomas A. Kennedy, Raytheon Chairman and CEO.
"I am very proud of the Raytheon team and our continued strong operating performance as we serve the needs of our global customers and shareholders."

Leadership of Raytheon (from left to right): A. O’Brien, D. Wajsgras, R. Newsome, L. Harrington, T. Lawrence, P. Wickham, D. Wilkins, T. Kennedy, R. Yuse, M. Russell, R. Rhoads, J. Harris, E. Miyashiro, F. Jimenez, and W. Kremer. Photo courtesy of Raytheon

Operating cash flow from continuing operations for the second quarter 2017 was $782 million compared to $746 million for the second quarter 2016.

First-ever helicopter-based firing of high energy laser. Photo courtesy of Raytheon

First-ever helicopter-based firing of High Energy Laser

• A high energy laser mounted on a helicopter shoots a target in groundbreaking test

• Now this is what you call a breakthrough.

A high energy laser mounted on an Apache AH-64 attack helicopter acquired and hit an unmanned target.

First-ever helicopter-based firing of high energy laser. Photo courtesy of Raytheon

The test was conducted by Raytheon and the U.S. Army Apache Program Management Office in collaboration with U.S. Special Operations Command at White Sands Missile Range, New Mexico.

First-ever helicopter-based firing of high energy laser. Photo courtesy of Raytheon

It was the first time a fully integrated laser system successfully shot a target from a rotary-wing aircraft over a wide variety of flight regimes, altitudes and air speeds, proving the feasibility of laser attack from Apache.

First-ever helicopter-based firing of high energy laser. Photo courtesy of Raytheon

The system tracked and directed energy on a stationary target at a slant range of 1.4 kilometers. (Slant range is the line-of-sight distance between two points at different levels.)

First-ever helicopter-based firing of high energy laser. Photo courtesy of Raytheon

The data collected from the test, including impact of vibration, dust and rotor downwash, will help shape future high-energy laser systems.

First-ever helicopter-based firing of high energy laser. Photo courtesy of Raytheon

"Our goal is to pull the future forward," said Art Morrish, vice president of Advanced Concepts and Technologies for Raytheon Space and Airborne Systems.
"This data collection shows we're on the right track."

Photo courtesy of Raytheon

For the test, Raytheon coupled a variant of the Multi-Spectral Targeting System, an advanced, electro-optical, infrared sensor, with a laser.

Photo courtesy of Raytheon

The MTS provided targeting information, situational awareness and beam control.

Photo courtesy of Raytheon

Photo courtesy of Raytheon

From inner tubes to high energy lasers

• Engineer's journey to a high-tech career highlights value of FIRST Robotics contest

In high school, Brandon Ioki had no way of knowing that building an inner tube-throwing-robot for the FIRST Robotics competition would someday lead to an exciting career working on high-energy lasers.

First-ever helicopter-based firing of high energy laser. Photo courtesy of Raytheon

“FIRST Robotics really helped me figure out what kind of engineer I wanted to be,” said Ioki, a mechanical engineer at Raytheon.
“Then it was my mentors who helped me understand real-world engineering.”

First-ever helicopter-based firing of high energy laser. Photo courtesy of Raytheon

Building on a decade of support, Raytheon sponsored 16 teams at the Los Angeles FIRST Regionals, a robotics competition aimed to inspire students to be science and technology leaders.

Ioki now takes on the role of mentor with his former high school team, challenging students to build robots that use both offensive and defensive moves to gain points and block scores.

Alongside Ioki in this journey is Ben Graham, one of Ioki’s FIRST mentors and now, senior program manager at Raytheon.

First-ever helicopter-based firing of high energy laser. Photo courtesy of Raytheon

“Brandon’s experience –from high school FIRST competitor to now an engineer and FIRST mentor– is truly the ultimate goal,” said Graham.
“He’s come full circle, and is continuing the cycle of inspiring kids to see engineering as a realistic career goal.”


Don’t Like Math? No problem

Surprisingly, Ioki’s favorite or best subject isn’t math. Classroom math is actually not a favorite subject among many engineers, and that’s ok.

First-ever helicopter-based firing of high energy laser. Photo courtesy of Raytheon

“What’s important is that you’re curious,” said Ioki.
“Growing up, I always wanted to know how things worked, how they went together. That’s essentially a mechanical engineer.”

More than working solution sets on a piece of paper, students are applying their knowledge to design and build a robot that can win competitions.

Students learn firsthand how science, technology engineering and math help them transform an idea into a physical form.


Just try it, and remember, be confident

Sometimes you just have to try things to know what you like.

The beauty of FIRST Robotics is it’s not just about engineering.

Students get a feel for all types of careers – engineering, program management, strategy development, finance, public relations.
Everyone has a role.

A Raytheon-sponsored team, The Vitruvian Bots, prepares for a competition-filled weekend at the FIRST Robotics Los Angeles Regionals. Photo courtesy of Raytheon

“The bottom line is, just become involved, and figure it out as you go,” said Graham.
“Along the way, if you only remember one takeaway about engineers it’s, we build the stuff that make things work.”


Contacts

Raytheon Company
Global Headquarters
Waltham, Mass., USA

Investor Relations Contact
Todd Ernst
781.522.5141

Media Contact
Corinne Kovalsky
781.522.5899


SOURCE  Raytheon Company

http://raytheon.mediaroom.com/index.php  



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