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WALTHAM, Mass. - Raytheon Co., parent of Tucson-based Raytheon Missile Systems, said Thursday that its first-quarter profit grew 9 percent as the defense contractor cut costs, and it raised its earnings outlook for the year.
Shares in defense contractor Raytheon Co. have gained about 2 percent since its first-quarter earnings beat Wall Street estimates and the company raised its profit forecast this week.
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