Margins Slip But Cash Surges at Raytheon

Margins Slip But Cash Surges at Raytheon

So far this earnings season, we've regaled you with stories of how Lockheed Martin beat on earnings, and General Dynamics (NYSE: GD) at least met expectations. Northrop Grumman beat as well. And Boeing (NYSE: BA) turned in a simply superb quarter. With just one more earnings report, we can basically wrap up "Q2" for the major defense contractors, and begin making some conclusions -- so let's do that.

Here's what Raytheon (NYSE: RTN), the final company reporting out of the Big 5 defense companies, had to say about its second quarter.

Probably Raytheon's most famous product -- the Patriot Missile Battery. Image source: Getty Images.

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Source: Fool.com