Raytheon Q1 2009 Earnings Call Transcript

  • download
  • Print
  • Recommend
  • 1

2009-04-24 09:49:13.0

Tags: Credit Suisse First Boston, Raytheon Co., Call Transcript, Earnings, Aerospace & Defense, Manufacturing, Seeking Alpha

Question-and-Answer Session

Operator

Thank you. (Operator Instructions). Your first question comes from the line of Robert Spingarn with Credit Suisse.

Robert Spingarn - Credit Suisse First Boston LLC

Good morning Bill, Dave.

William Swanson

Good morning, Rob.

Robert Spingarn - Credit Suisse First Boston LLC

Perhaps my two questions are, one on Zumwalt, Bill. Now that we have some clarity from the Secretary on what's going forward, and we think we have an agreement between GD and Northrop can you walk us through the timing on the three ships and how that looks for Raytheon?

And then my second quarter perhaps this is for Dave, is on appendix slide number 11, you've given us some quarterly flow guidance. If you could walk us through the assumptions for the year and the thinking, particularly the strong contributions in Q4. Thank you.

William Swanson

Yeah the -- let me go first here, Rob. I'll take on the Zumwalt. From our standpoint I think we had stated last time we expected the Navy or DoD to go with the three ships. So that's consistent with what we have seen all along.

We expect that to take place and funding to be turned on this year. So from our standpoint, at least the next three to five years we've got our work cut out for us as we go forward. But as I think I had mentioned before, for us it's not the ship. I mean, it is in the sense that all the equipment is going on it and it will be the most advanced ship of its kind anywhere in the world, both from a stealth point of view and capability point of view. But what's there are ten technologies and for us, our dual-band radar is probably the most capable radars sweep in the world. And I am biased but I will say it anyway. It's --- there is nothing like it and we got a total ship computing effort there underwater or undersea warfare system.

I could go on from launchers. But there is ten technologies that from our standpoint is really key and this gives us the platform to develop that in both forward and backward fit, as we try and make our navy the most capable in the world. With I'll turn...

Robert Spingarn - Credit Suisse First Boston LLC

Yeah. Before you go on, Bill.

William Swanson

Yeah.

Robert Spingarn - Credit Suisse First Boston LLC

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement