[Satellite TODAY 01-28-11] Raytheon reported 2010 fourth quarter income of $459 million, a 9 percent drop compared to $504 million in income in the same period in 2009. Raytheon attributed the decline to debt retirement and pension expenses, according to its latest financial results issued Jan. 27.
    Raytheon’s fourth-quarter revenue rose 3 percent to $6.9 billion. The company’s Space, Intelligence and Information Systems unit saw its income rise 10 percent to $69 million. Raytheon CEO William Swanson said his company’s outlook for 2011 has improved drastically since the beginning of last year, forecasting revenues from $25.5 billion to $26.3 billion.
    The company signed a definitive agreement to acquire Applied Signal Technology during the quarter, which is expected to close in the first quarter of 2011. Raytheon will merge the business with its Space and Airborne Systems unit.