LONDON -- (Marketwire) -- 10/30/12 -- Investors have long been concerned with the affect of Defense spending cutbacks on companies in the aerospace/Defense - major diversified industry, which includes GenCorp Inc. and Raytheon Co. However, companies in the industry have continued to perform well, and with new innovations and cost-cutting measures, the industry could be poised for a solid conclusion to 2012.
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On the earnings side of things, Raytheon has been of particular note. The company managed to grow its 3rd quarter adjusted earnings per share by 15% when compared year-over-year, and also logged strong bookings. Revenue did contract slightly, but the company looks well positioned moving forward. See what our analysts have to say on Raytheon Co. Follow the Link below
Innovations outside of the Defense arena have also helped drive select companies higher. GenCorp has been working hard on new products, and has recently seen some success from their efforts. Through its Aerojet subsidiary, the company has been working on a reduced toxicity monopropellant blend, which provides a safer, cheaper alternative to hydrazine, the traditional spacecraft propellant. Analyst opinion on GenCorp Inc. accessible for free at
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