RTN - Embedded Expectations Analysis - 2018 03 09
Raytheon Company (RTN:USA) currently trades at a 14-year high relative toUAFRS-based (Uniform) Earnings, with a 19.2x Uniform P/E, suggesting fairly bullish expectations for the firm. Moreover, management is confident about Forcepoint and the jobs environment
Specifically, management generated an excitement marker when saying that the reason they wanted to establish a commercial cybersecurity business through Forcepoint was to unlock the value of their cybersecurity capabilities and provide them to the commercial marketplace. Additionally, they are confident in the strong growth environment creating a strong jobs environment, and that a lot of the products they can leverage into Forcepoint fit in the domain of the large enterprises and top 500 companies in the world. Furthermore, they are confident in their discretionary contributions to the pension plan
Raytheon, together with its subsidiaries, is a technology company, focused on defense and other government markets. The company has five segments: Integrated Defense Systems, which is engaged in integrated air and missile defense; large land- and sea-based radar solutions; command, control, communications, computers, cyber and intelligence solutions; Intelligence, Information and Services, which provides technical services to intelligence, defense, federal and commercial customers; Missile Systems, which produces missile and combat systems; Space and Airborne Systems, which develops integrated sensor and communication systems for missions; and Forcepoint, which develops cybersecurity products.
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