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Raytheon turns loss to profit

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Raytheon Co. posted a fourth-quarter profit on Tuesday.
/ Source: Reuters

Raytheon Co. posted a fourth-quarter profit on Tuesday.

The Waltham, Massachusetts-based maker of the Tomahawk and Patriot missiles posted net earnings of $205 million, or 49 cents per share, compared with a loss of $68 million, or 17 cents per share in the same quarter a year ago.

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